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Family Law

How Important is An Estate Planning Attorney?

 

Estate planning is an extremely important procedure for virtually everyone and, depending upon your personal circumstances and your desires, estate planning might be fairly simple or very complex. Regardless of what the circumstances of your life are, you need to make sure that you have a thorough and efficient estate plan in place that covers all possible bases post-death. Your will, as well as other legal documents, can be filled out and filed in whatever state or country you live in, but having a knowledgeable attorney on retainer can make the whole process run much more smoothly and efficiently. This is particularly true if you happen to live in Seattle, one of the most progressive and unique cities in the entire country. The population of Seattle is over 1 million strong and the city is home to a wide variety of unique people who, with time, can build a substantial fortune on the stock market and even more so with their own estate plans and assets.

 

If you are considering getting an estate planning attorney, there are certain criteria that you might want to look at before making a decision. For instance, if you are not already resident of the Seattle area, it probably makes sense to hire an attorney who, besides expertise, has offices or contact in the area. This is especially true if you happen to be one of the many highly skilled individuals who are able to work from their own home. However, if you happen to live in another part of Washington State, there are also certain aspects that you will want to take into consideration. This is because, in addition to expertise, the best will almost certainly have local contacts and is accustomed to working with people who are in the Seattle area.

 

In short, if you want the best protection possible for your family after you pass away, then you need to find an estate planning Seattle attorney who can give you comprehensive estate planning advice. These experts may assist you with creating a trust, making last will and living wills, and executing your last will. More often than not, they will also be able to help you deal with probate, pay off any outstanding debts, and set up any final expenses that are not included in your final bill.

 

When it comes to probate, your estate planning attorney will be invaluable because he or she will be able to work closely with your financial advisor to try to see that all of your assets are properly distributed as you die. If you are married, the attorney will be able to help you draft any Will you and your spouse have, as well as any final living trust that you both establish. If you die without a will, then your estate planning attorney can handle distributing your properties and other assets.

 

Your Seattle lawyer will be familiar with the most effective and beneficial probate strategies, and he or she will be able to instruct you on how to make sure that your money and property are properly cared for after your passing. If you have significant assets, it may be best to hire a Seattle estate planning attorney to manage them, as well as advise you on how to best take care of them after you pass. If you die without a will in tact, then your family is entitled to everything that you own, including your financial assets and real property. This includes anything such as artwork, jewelry, antiques, collectibles, boats, planes, furniture, or other valuable items. However, you must be certain to get this advice from a reputable lawyer. Often times, family members and friends can not provide the best possible counsel and recommendations for protecting your interests.

 

Many times, the bill contains provisions that allow for life insurance or retirement accounts to be taken out. However, these types of plans are not allowed to be taken until a specific age. The exception is when the person has other forms of investment capital. In addition, some estate planning attorneys will be able to help you decide who will inherit your properties should you die before a specific time frame, such as when you turn 65 years old or once you become a senior citizen. Again, it is important to make sure that you have your final wishes known and that your decisions regarding these and other issues are addressed in your will.

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