Estate Planning

Estate Planning is about more than just the value of your estate. It is a process to evaluate potential threats such as a will contest, protective measure from taxes, or distributions to certain heirs. Comprehensive planning serves to find answers to questions of disability, death of a spouse, distribution of your estate, or your wishes if you were at the end stage of your life.

An elder law attorney prepare estate planning documents to coordinate with legal questions of healthcare, housing, or probate matters of a client. Such estate planning documents may also involve trusts to protect assets, for blended family members, or for someone with special needs.

A review of your current affairs may find that your older estate plan is no longer suitable. An estate plan may no longer be suitable because of life events such as a birth or death, falling out of favor with certain individuals, or when the plan was put together at a time when a taxable estate was much lower than today. Or, do you have any documents at all? Whether you have estate planning documents or not you should always review the following:

• What are your estate's probate and non-probate assets?
• Is your revocable living trust suitable for you? Is it funded?
• How is the separate property of a married person distributed?
• Do you need a guardianship and trusts for minor children or disabled adult children?
• Do you need a guardianship for a senior?
• Are there unique issues to your blended family?
• Are there issues of an estranged family member?
• Who do you want making financial or health care decisions for you if you become incapacitated?
• Does your old estate planning document fulfill your current wishes?
• Do you want to specifically exclude someone from contesting your Durable Power of Attorney?
• Do you have a current analysis of all your assets and liabilities which may include real property, retirement accounts, and other investments?
• Would you rather use a Uniform Transfers to Minors Act to leave gifts to minors instead of using a trust?

Contact me for a free initial consultation.

     Wickert Law Office BBB Business Review

Best of Tukwila 2014  Best of Tukwila 2013