What Exactly is an Estate Plan?

An estate plan is the process of planning for the distribution of one’s assets upon their passing. Clients can have a wide array of goals when it comes to creating their estate plan. Contact our office at (206) 408-8158 is you would like to discuss creating your estate plan, or if you would like to discuss any possible revisions to your current estate plan. 

Many documents can comprise of one’s estate plan, including:

·         Revocable Living Trusts

·         Wills

·         Power of Attorneys

·         Health Care Directives

·         Community Property Agreements

·         Cohabitation Agreements

·         Prenuptial Agreements

·         Directive to Control Remains and Burial Instructions

Many clients think that they don’t need an estate plan because of their assessment of the size of their assets. Unfortunately, if something happens to you and you don’t have a Will, a probate court is going to decide what happens to your assets according to state law, without any consideration given to what your intentions may have been. In addition, having an estate plan is not only about your assets. You also want to ensure your spouse and children are taken care of, and also is very important for you to decide who you want to make decisions for you if you are unable to do so yourself.

It's important to remember that an Estate Plan doesn’t have to be complicated or expensive, it just has to be done properly and serve your needs. As your needs change over time, you can always update your Estate Plan to ensure your plan continues to serve your needs 

Contact our office today at (206) 408-8158 for a consultation to ensure that you have a proper estate plan in place.

DAL Law Firm is conveniently located in Normandy Park, Washington. We serve clients in Washington cities such as Normandy Park, Des Moines, Burien, SeaTac, Tukwila, Federal Way, Renton, Kent, Seattle, Bellevue, Redmond, Issaquah, Kirkland and others throughout King County.