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WHEREAS, careful estate and financial planning can greatly assist our citizens in preserving assets built over a lifetime for the benefit of family, heirs, or charities; and
WHEREAS, estate planning involves many considerations, including safekeeping of important documents, documentation of assets, operation of law in the various states, preparation of legal instruments, insurance, availability of trust arrangements, charitable giving, inter vivos care of the benefactor, and other important factors; and
WHEREAS, estate planning encourages timely decisions about the method of holding title to certain assets, the designation of beneficiaries, and the possible transfer of assets during the life of the benefactor; and
WHEREAS, the implementation of an estate plan starts with sound education and planning, and then may require the proper drafting and execution of appropriate legal documents, including wills, trusts, and durable powers of attorney for asset management and healthcare; and
WHEREAS, Estate and Gift Planning Awareness Month encourages Virginians to carefully consider estate and financial planning to preserve assets built over a lifetime for the benefit of family, heirs, or charities;
NOW, THEREFORE, I, Ralph S. Northam, do hereby recognize October 2018 as ESTATE AND GIFT PLANNING AWARENESS MONTH in our COMMONWEALTH OF VIRGINIA, and I call this observance to the attention of all our citizens.
