Top Waverly, VA Special Needs Trust Lawyers Near You
1324 Sycamore Square, Suite 202 C, Midlothian, VA 23113
919 East Main Street, Suite 1300, Richmond, VA 23219
919 East Main Street, Suite 600, Richmond, VA 23219
6722 Patterson Avenue, Suite B, Richmond, VA 23226
5309 Commonwealth Center Pkwy, Unit 109, Midlothian, VA 23112
1801 Bayberry Ct, Suite 300, Richmond, VA 23226
2736 Holly Ridge Lane, Williamsburg, VA 23285
1802 Bayberry Court, Suite 200, Richmond, VA 23226
411 E Franklin St, Suite 600, Richmond, VA 23219
1021 E Cary St, Suite 2120, Richmond, VA 23219
14321 Winter Breeze Dr, Suite 50, Midlothian, VA 23113
8401 Patterson Avenue, Suite 106, Richmond, VA 23229
4200 Innslake Drive, Suite 201, Glen Allen, VA 23060
10610 Cloister Dr, Richmond, VA 23238
409 Westham Parkway, Richmond, VA 23229-7444
2310 West Main Street, Richmond, VA 23220
3741-B Westerre Parkway, Richmond, VA 23233
456 Charles Dimmock Parkway, Suite 7, Colonial Heights, VA 23834
5104 West Village Green Drive, Suite 108, Midlothian, VA 23112
404 West Franklin Street, PO Box 12085, Richmond, VA 23241
6932 Forest Hill Avenue, Richmond, VA 23225
4118 Fitzhugh Ave, Richmond, VA 23230
416 West Franklin Street, Richmond, VA 23220
5913 Harbour Park Dr, #102, Midlothian, VA 23112
2016 John Rolfe Parkway, Suite 300, Richmond, VA 23238
Waverly Special Needs Trust Information
Lead Counsel Verified Attorneys in Waverly
Lead Counsel independently verifies Special Needs Trust attorneys in Waverly and checks their standing with Virginia bar associations.
Our Verification Process and Criteria
Ample Experience
Attorneys must meet stringent qualifications and prove they practice in the area of law they’re verified in.
Good Standing
Be in good standing with their bar associations and maintain a clean disciplinary record.
Annual Review
Submit to an annual review to retain their Lead Counsel Verified status.
Client Commitment
Pledge to follow the highest quality client service and ethical standards.
What Is a Special Needs Trust?
A special needs trust (SNT) provides financial support for people with physical or mental disabilities. Parents or family members generally set up an SNT to provide for their loved ones. However, people with special needs can set up their own trust. An SNT keeps the assets separate from the beneficiary’s property so they can still qualify for government programs like Medicaid and Social Security.
What Are Some Examples of Situations Where I Might Need a Trust and Estates Lawyer?
Most people think of a trust as something they only need to consider when they pass away. However, a trust can be something you can benefit from during your life and provide for your family after death. Trust planning can help manage property and assets, gain tax advantages, and avoid probate. You should consider a trust when you:
- Have significant financial assets or property
- Have family members with special needs
- Want to distribute assets to charitable groups or religious organizations
- Want to protect your privacy
- Need to preserve assets for minor children
- Have major life changes
How Can a Trust Lawyer Help Me?
An experienced lawyer can give you the backing you need to navigate the legal system and find the best possible results for your case. Because laws are different from state to state, speaking with a lawyer in Virginia is critical in understanding all the elements of your situation and making the best decisions when it comes to your estate planning. A trust lawyer can help with:
- Trust creation
- Asset management and protection
- Estate planning
- Trust administration
- Modification or termination of your trust
- Trust disputes and litigation
What Could Happen if I Don’t Hire a Trust Lawyer?
If you don’t hire a trust lawyer, your assets will pass under Virginia probate laws. Probate can tie up your assets for months or years. If your beneficiaries are fighting over the assets, it can take longer and cost your estate money. With a trust, the property can pass outside of probate. You can also have more control over what happens to your estate after death. If you don’t have a trust, your loved ones may have to deal with:
- Estate taxes
- Delays in probate
- Fighting legal challenges over assets and property
- Property passing through intestacy
What Are the Top Questions When Choosing a Trust Lawyer in Waverly?
These questions can help you decide if you feel confident that a lawyer has the qualifications, experience, and ability to manage your trust case. Many trust and estate lawyers offer consultations that allow you to understand your options and get specific legal advice before hiring them. The top questions to ask include:
- What type of trust is most suitable for my situation?
- What are the benefits and drawbacks of creating a trust?
- How can a trust be used to address my specific concerns or goals?
- What is the process for creating and funding a trust?
- How will the trust be administered?
- What are the potential tax implications associated with a trust?
- How much will all of this cost?
Tips for Hiring a Trusts Lawyer
Taking the time to find a lawyer who is right for you and will represent your best interests is an important first step in protecting your finances. Find a lawyer who understands your case, knows your needs and goals, and has the experience to get the best outcome. Things to do:
- Ask for recommendations
- Research lawyers online
- Schedule consultations
- Review experience and expertise
- Talk about billing and fees
- Trust your instincts