Phone: (804) 447-3462

Estate Planning, Elder Law & Probate


Estate Planning

The Lormand Law Firm's “mission statement” for estate planning:

“I want to control my property today while I am alive and healthy. If I should become disabled, I want my property to be available for my benefit and for that of my loved ones. When I die, I want to give what I want to whom I want, when I want, and in the manner I now believe is most appropriate. I want to accomplish these goals in private and with no interference from a governing body. And if I can, I want to save every last tax dollar, professional fee and court cost possible.”

What is “Estate Planning?”

The simple answer is that it is a process that ensures that your property is safely managed and protected while you are (1) competently engaged in your daily business, (2) dealing with capacity issues as a result of injury or illness, and (3) that your property will be used or distributed after your death in a manner and at times that you choose, which means that the efforts of your lifetime of work will be passed on only to those people whom you wish to benefit.

Attorney Mike Lormand can help you PLAN to:

Avoid probate;
Avoid guardianship proceedings;
Minimize transfer tax exposure;
Retain “control” of your assets, even after death;
Minimize family conflicts common among will beneficiaries

Elder Law

The Lormand Law Firm assists elders (and their children) by providing both legal counseling and special documents that will help seniors live out their later years in safety and with security, knowing that their intentions will be honored by those whom they appoint, rather than being subjected to the rules of the State, as a ward of the State.

What is “Elder Law?”

Elder Law is a branch of estate planning that has become more specialized due to the unique circumstances faced by people as they age. The changing demographic and laws require expertise in issues such as disability, competency, long-term care and assisted living.

Probate

The Lormand Law Firm represents and assists both executors and beneficiaries in probate disputes and the probate process. We have had many successes ensuring that beneficiaries receive the property they are due.

What is “Probate?”

Probate is the court-supervised process by which a decedent’s obligations are paid and his or her property is distributed to the heirs or beneficiaries under a Last Will & Testament. The Probate process is supervised by the local Circuit Court under the direction of the appointed Commissioner of Accounts. Probate can be intrusive in that the process is a public one, with certain documents being made of public record. Probate can also be avoided if proper planning is accomplished.

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