Many people believe estate planning is something they can put off until later in life, but every adult in Washington should have a basic estate plan in place. At a minimum, a Will, Durable Power of Attorney, Health Care Power of Attorney, and, for many individuals and families, a Revocable Living Trust can ensure that your wishes are followed if you become incapacitated or after your death. These documents allow you to choose who will make financial and medical decisions on your behalf, nominate guardians for minor children, and direct how your assets will be distributed rather than leaving those decisions to the default rules established by the state. A well-prepared estate plan can also simplify the administration of your estate and reduce the likelihood of family disputes. Creating a basic estate plan now is one of the most meaningful steps you can take to protect yourself and the people you love, regardless of your age or the size of your estate.
If you have questions about creating an estate plan or updating an existing one, give us a call at 253.858.5434 to set up an appointment today.