The Lenzi Law Firm
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The Lenzi Law Firm, PLLC serves clients throughout Northern Virginia with Estate planning needs. Attorney Luke Lenzi is an experienced Estate Planning Attorney that understands the complex nature of the probate and estate process. The friendly and informative atmosphere is intended to facilitate the prospective client making a knowledgeable decision regarding their desired services.

After the consultation, the prospective client may be quoted a fee in a pressure-free environment. Advisors and family members are welcomed to attend. The Lenzi Law Firm, PLLC assists clients throughout Northern Virginia and Washington D.C. including Fort Washington, Falls Church, Ft.
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More and more people are using the legal system to deprive others of their life's work.
Over 19 million new lawsuits are filed in the United States every year, many of which are frivolous or settled for sums greater than the actual liability.
Business owners, professionals such as doctors, dentists, lawyers and accountants, and property owners in particular should be aware of the risk associated with conducting their business, practicing in their respective fields, and taking responsibility for others.
While nobody wants to think about death or disability, establishing an estate plan is one of the most important steps you can take to protect yourself and your loved ones.
Proper estate planning not only puts you in charge of your finances, it can also spare your loved ones of the expense, delay and frustration associated with managing your affairs when you pass away or become disabled.
If you become incapacitated, you won't be able to manage your own financial affairs.
Many are under the mistaken impression that their spouse or adult children can automatically take over for them in case they become incapacitated.
Without careful planning, much of your life's legacy could be lost to estate taxes.
While a simple will can provide for the transfer your estate to your loved ones, it does not have special provisions for advanced estate tax planning.
Federal estate tax laws were updated in 2013 as part of the American Taxpayer Relief Act which provides for an exemption of $5.25 million.
This means that each individual can transfer up to $5.25 million in assets free of federal estate taxes.
The federal estate tax exemption, also referred to as applicable exclusion amount is adjusted annually for inflation.
Many people have preconceived notions about trusts and believe that they are only for multi-millionaires who wish to leave large trust funds to their children.
However, this is far from the truth; trusts can be invaluable tools in the estate plans of millions of individuals.
Trusts are simply an arrangement where one party holds property on behalf of another party.
In an estate planning context, trusts are created by the person doing the estate planning (the settlor), who authorizes another person (the trustee) to manage the assets for the benefit of a third party (the beneficiaries).
The high cost of long-term care has made planning a critically important issue for most middle class seniors and their families.
In fact, most seniors will likely require some form of long-term care.
Sadly, many of them are unprepared for the significant financial burdens it places on their family's hard earned savings.
Financial devastation looms large for a family facing ongoing care at a rate of $10,000 or more per month.
While some seniors are able to afford private pay care, the cost of long-term care will wipe out savings of all but the wealthiest families in a matter of years.
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