Estate Planning and Fiduciary Legal Services

1802 Bayberry Ct.
Suite 410
Richmond, Virginia 23226 Phone: (804) 282-5124
Fax (804) 673-1790

Thomas Word, Jr.
Direct: (804) 282-5127 tword@wordandword.com

T. Scott Word, III
Direct: (804) 282-5128

What the Fiscal Cliff Means For You and Your Family
Client Letter (January 15, 2013)

Estate planning encompasses designing and producing documents to carry out your wishes for:

  • Protecting and managing your assets, particularly in the event of your incapacity or death.

  • Passing your assets on death to family members (and/or charity) efficiently, sometimes with features for management (trusts) and for protecting beneficiaries against unnecessary taxes, imprudent spending or investments, marital problems, and creditor claims.

  • Passing your assets to family members during lifetime by gifts, sometimes using trusts.

  • Hedging risks of premature death through life insurance, with particular attention to policy ownership vehicles that minimize taxes and provide efficient management of proceeds.

website Word & Word PLC, 2013