Having an estate plan is important whether you have a modest estate or huge fortune. Having a “plan” is much more than drafting some documents. We work with our clients to help them understand what issues their heirs will face upon their death. If you would like to schedule a free initial consultation to discuss your estate plan click here or call us at (425) 258-2704 or (866) 415-1705
Having children can complicate your estate plan. If you have minor children it is very important to consider what will happen if you die while they are still young. You will want to consider creating a trust, funding that trust, and naming a guardian. It is not a pleasant prospect to contemplate, however, it is better than letting a Judge decide. If you have a blended family, it is important to consider how your spouse and children will be treated in your estate plan.
Also, a will can save your heirs money and assure that your estate is distributed as you wish. Trusts are used frequently to save money on estate taxes, provide for the needs of children, or avoid probate. Couples can frequently benefit from having a community property agreement. Finally, a Power of Attorney and Directive to Physicians can help assure that your goals are achieved even if you are unable to make decisions for yourself.
There is a lot to be considered when developing an estate plan, having an experienced estate planning attorney is critical. If you would like to schedule a free initial consultation to discuss your estate plan click here or call us at (425) 258-2704 or (866) 415-1705