Spokane Estate Planning Lawyers
Estate planning is a process you go through to protect your assets during your lifetime and provide instructions as to how those assets should be distributed when you pass away. Everybody has an estate plan whether they know it or not, because if you don’t create your own estate plan, the state of Washington has one for you. To manage your healthcare and finances the way you want and to distribute your assets according to your wishes, it’s essential to engage in estate planning on your own terms. At Moulton Law Offices, P.S., our attorneys will take the time to sit down with you (in person or virtually according to your preference), discuss your needs and goals, and prepare the necessary documents to ensure you are taken care of during lifetime with something to leave after you are gone. Contact our experienced Spokane estate planning lawyers today.
Comprehensive Estate Planning in Spokane
Just as every person and every family is unique, every estate plan should be too. Our attorneys at Moulton Law Offices tailor your estate plan to meet your unique needs. Your estate plan might include any combination of the documents described below, customized to your specific needs and goals.
Your last will and testament enables you to make specific bequests of your property to the people and organizations you care about most, including your spouse, children, grandchildren, and other family members; charities; your alma mater; your place of worship; your favorite park or zoo, and so on. In your will, you can also nominate the person you choose to be the executor of your estate and name a guardian for your minor children should they be left without a parent to care for them. Your will can ensure that every I is dotted and every T is crossed and that all your property is accounted for and distributed according to your wishes.
In most instances, we recommend a revocable living trust as a way for our clients to bequeath specific pieces of property and inheritances without the assets having to go through probate first. Trust administration is faster, less expensive, and more private than probate, and a revocable living trust is an excellent vehicle for avoiding probate while also allowing you to manage, control and use your property as you see fit during your lifetime, knowing that the property will transfer to your intended beneficiaries when and how you wish.
Our experienced trust professionals also draft a variety of other revocable and irrevocable trusts as needed to care for a child or adult with special needs, avoid estate taxes, plan for Medicaid eligibility, and engage in tax planning and other means to maximize the protection and transfer of wealth to the next generation.
Durable Powers of Attorney
A power of attorney protects you and your estate during any period of incapacity by delegating authority to people you trust to manage your affairs for you. Avoid the hassle and expense of your family having to go to court for guardianship or conservatorship by authorizing in advance a family member, friend, or professional who will make sure your bills are paid and make vital decisions on your behalf.
Health Care Documents
Washington probate and trust law recognizes a number of living wills, healthcare powers of attorney, and other advance directives that can help ensure your healthcare is managed the way you want, even if you are unable to communicate or participate in the decision-making process. From temporary periods of incapacity to end-of-life decisions, we can guide you through the process of making decisions and having discussions now that avoid or minimize more difficult times ahead.
Contact Moulton Law Offices, P.S., for Help With Estate Planning in Spokane
For comprehensive estate planning assistance covering everything from simple estates to advanced tax planning and business succession, Moulton Law Offices is here to guide you as you make the best decisions for yourself and your family now and for the future. Call our experienced Spokane estate planning lawyers today.