Estate planning can be difficult to think about. It forces people to think about financial activities that will occur while they are living and after their own deaths. It's important to make sure assets are managed prudently and that the next generation of family members will receive inheritances without incident.
Although any lawyer can draw up a basic Will for straightforward situations, most people's situations aren't so "straightforward." People's financial and personal lives, wishes, and needs are complex. An experienced estate planning lawyer can help you navigate complicated situations involving several trusts and multiple heirs.
When creating your estate plan, you may have a variety of concerns, including the following:
* Maintaining an orderly administration of assets while you are alive
* Managing estate assets flexibly while you are alive
* Reviewing estates involving tenancy in common, joint tenancy, or community property
* Considering assets in multiple states
* Examining family-owned businesses and succession planning
* Naming your children’s legal guardian
* Ensuring that your heirs and loved ones receive your assets as you direct
* Helping to reduce or avoid conflicts and confusion
* Minimizing legal expenses and taxes
* Assessing wealth preservation
If you own real estate and/or have kids, you should have an estate plan. Give us a call at 253.858.5434 to make an appointment today. We represent clients throughout Washington and Idaho and are available to meet in person (with appropriate social distancing protocols in place), by phone, or via vide conference.