An estate plan is essential for every adult. People should be prepared for the unexpected whether they are just out of college or nearing retirement. Having the right documents in place ensures your final wishes and affairs will be easier for your loved ones to take care of after you’re gone. This can relieve some of the stress and burden during what will be a very difficult time in their lives.
An estate plan refers to a document or set of documents that instruct your family and an executor (a person you choose to carry out your final wishes) on what should be done at the end of your life and after you pass away. These documents outline your wishes for end-of-life healthcare and what should happen with things like real estate, bank accounts, personal property, and other assets you own. These documents include:
- Last Will & Testament
- Revocable Living Trusts
- Durable Powers of Attorney for Healthcare and Financial
There are many reasons to have an estate plan, aside from the peace of mind it can provide for you and your loved ones. For starters, an estate plan helps you to determine who will receive what following your death and ensures that your assets are legally transferred to those people as easily and seamlessly as possible.
While an attorney is not required to create an estate plan, speaking with an experienced estate planning attorney can ensure the estate plan is in proper place. Here at DAL Law Firm, we will sit down with you and answer any questions you have and give you the best advice possible for your situation. Contact our office today at (206) 408-8158 for a complimentary consultation.
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.