Estate Planning

Stephanie A. Montgomery, LLC provides the following services in relation to Estate Planning:

· Wills

· Powers of Attorney

· Medical Directives

Wills

There are numerous benefits to having a will. Some of the most common benefits include, securing your estate’s distribution in accordance with your wishes, naming your fiduciaries and beneficiaries - those who carry out your wishes as pertaining to your estate, and how your dependents will be cared for if the unfortunate should happen. Virginia law states that if an individual dies without a will, their estate will be distributed according to Virginia’s distribution system.

Powers of Attorney

There are several different types of powers of attorney. These include: a general power of attorney, a specific power of attorney and a medical power of attorney. The following briefly explains each:

General Power of Attorney: An instrument in writing whereby an individual (the principal) appoints another individual as his/her agent or attorney-in-fact and bestows authority to perform broad and encompassing acts on behalf of the principal.

Specific Power of Attorney: An instrument in writing whereby an individual appoints another individual to act on his/her behalf in a limited capacity, such as giving an individual the authority to write checks from another’s account.

Medical Power of Attorney: An instrument in writing whereby an individual appoints another individual their agent to make medical decisions on their behalf should they become incapacitated.

Medical Directive (“Living Will”)

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This document is often referred to as a “Living Will”. The living will allows for the withdrawal of life sustaining medical procedures in the event an individual suffers from an incurable injury, disease or illness and has no reasonable chance of recovery.

Please note, Stephanie A. Montgomery, LLC, provides “Sweetheart Wills” (for husbands and wives), which includes: Wills, Powers of Attorney and Medical Directives for both parties at a discounted rate.

5520 Foundation Street
Williamsburg, VA 23188
Phone: 757.229.8284
Fax: 757.229.7537