Regardless of your age and/or financial status, you need to be proactive in estate planning. Not only can you secure assets, but you can also make your wishes known in a binding legal document. Without an estate plan, grieving family members may be subject to costly family disputes.
At Nunn Vhan & Lang, PLLC., we understand that personalized representation is paramount in determining the specific needs and goals in estate planning.
Snohomish County Estate Planning Attorneys Making Your Wishes Into Law
Determining who gets your assets and who oversees the administration of your estate is a detail-oriented process. Within your estate plan, there are various components that include:
- Wills and trusts (including special needs trusts)
- Living wills
- Power of attorney
- Health care directives
Being incapacitated without stating your health care wishes can make a bad situation worse. Your family members are already in an emotional state without having to make assumptions as to what they think you would want. Designating a trusted loved one to make decisions or putting them in writing removes one burden of an already burdensome situation.
Trusts also allow you to ensure that financial support is not only available for your children, but also used responsibly. Limitations can be placed on the recipient of a trust as to age and use of funds. A portion of the money can be designated specifically for post-secondary education with completion of a degree.
Many estate plans require contemplation of the remarriage of a divorced or widowed parent. Within this scenario, children of a first marriage are entitled to peace of mind that their inheritance is protected. This takes place with careful and thoughtful drafting of estate planning documents.
For more information or to schedule an appointment with one of our Everett probate attorneys, please e-mail or call us at 425-341-4639 or toll free at 800-391-5909.