Don’t Leave Your Loved Ones Tangled In A Mess
At the law offices of the Alliance Law Group, PS, we know that thinking about plans for your estate and your loved ones after your death is a difficult thing to do. We also know that by creating a plan for the future now, you can provide peace of mind for your family and put your fears of not knowing what will happen to rest.
When you call our experienced Tacoma estate planning attorneys, we will work with you intimately and carefully to construct an estate plan that meets your needs and wishes and protects your loved ones. We understand that the estate planning process can be stressful. When you work with us, we tailor your plan to promote your best interests.
Your Loved Ones Are Counting On You – Create Your Estate Plan
Leaving your loved ones without a plan can create legal chaos and emotional difficulties. To be sure, even if you think that your loved ones know what you want, there is no doubt that family can feel torn about what the best thing to do is, especially in regards to your health or how to carry out your wishes.
What’s more, without an estate plan, there may be disagreements between your family members about what to do in regard to your estate, leading to tension and conflict that otherwise could have been avoided. We know that you don’t want to leave your loved ones in a tangled mess, and we know that everyone benefits when family members have directions about what to do.
Get All Your Ducks In A Row – Key Elements Of An Estate Plan
When you call our Tacoma estate planning attorneys, we will work with you to address all of the most essential elements of an estate plan. What goes into your estate plan is entirely up to you, and your plan can be changed or revoked at any time per your wishes. Some of the key elements of an estate plan that we hope you will consider are listed below.
Last Will And Testament
A last will and testament is not only one of the most important elements of an estate plan, but also the one that most people are most familiar with. One can use this document to name an executor of their estate, name a guardian for a minor child, and specify how they wish for assets to be distributed and debts to be paid upon their death.
Unlike a last will and testament, a living will is a document that is used to provide instructions for end-of-life care and health care. Also called an advanced directive, a living will discuss one’s wishes regarding certain medical procedures, the use of feeding tubes, palliative care, life support and more. Also called a health care directive, these documents are essential to ensuring your power of attorney follows your wishes.
Trusts are used to hold assets in an account for a beneficiary. These accounts are different than standard bank accounts, as myriad assets (like real property) can be “held” in the trust, the owner of the trust can specify how they want assets to be distributed and to whom, and the trust is managed by a trustee. Certain kinds of trusts can also help your beneficiaries avoid or lessen estate taxes. We can help you navigate the different types of trusts and choose the one that is appropriate for you, as well as assist with trust administration.
Power Of attorney
Finally, having a power of attorney document as part of your estate plan is critical. A health care power of attorney names a proxy who is authorized to make decisions related to your healthcare in the event that you are incapacitated and unable to do so; a financial power of attorney does the same thing in regard to economic matters.
Be Ready For The Unexpected – Create Your Plan For The Future Today
Being ready for the unexpected may feel emotional, but it is a responsible thing to do. To learn more about estate plans and how our Tacoma estate planning attorneys can help, please call our law firm today at 253-300-2055 or send us a message requesting more information.