Almost all families can benefit from having an estate plan of their own, designed and implemented by an attorney who focuses on this specialized area of the law. For well-to-do families, the consequences of not having an estate plan can be financially catastrophic.
The purpose of Estate Planning is to determine how your assets are distributed after you are gone.
However, Estate Planning can help you achieve a number of other important goals.
Benefits of Estate Planning:
- Protection: of your assets
- Complete control: over your assets
- Adequate medical care: in the event of disability or incapacity
- Ensures your wishes will be respected: respected and carried out in an end-of-life situation
- Minimization of taxes: Income Taxes, Estate Taxes and Gift Taxex
- Probate avoidance: Avoid probate and have greater privacy concerning your financial affairs
- The opportunity to leave a lasting legacy by passing your goals, values and expectations to your children and succeeding generations
In designing your estate plan, we take the time to gain a thorough understanding of your greatest concerns and hopes for the future. Only then do we draft and implement your customized plan. We also take the time to explain your options in language that is easy to understand, without all the complicated legal jargon.
It is important to note that while Washington is supposed to be a so called “simple probate jurisdiction,” court congestion in Pierce, King and even Thurston counties has made probate more difficult to manage. Delays and frustration are common, made all the worse by the fact that you are grieving for the loss of a loved one. We can design and implement a Revocable Living Trust capable of avoiding the probate process entirely. However, if you are faced with the prospect of dealing with the probate court, we can guide you through the process efficiently and compassionately, so that you can focus on more important matters— bonding with family and coming to terms with your loss.
Darol Tuttle, Attorney at Law, P.S. services clients in Washington State to include Thurston County, Pierce County, King County and Snohomish County to include cities such as Olympia, Tacoma, Gig Harbor, Federal Way, Puyallup, Sumner, Auburn, Kent, Seattle, Burien, Des Moines, Renton, Kirkland, Bellevue, Redmond, Seattle, Lynnwood, Edmonds and Everett.