How do I set up an estate plan?
Setting up an estate plan in Washington can be done by consulting with an attorney who specializes in estate planning law. The attorney will help you determine your estate planning needs and provide advice on the best course of action in order to accomplish them. The first step is to create a will. A will is a legal document that outlines how you would like your property, assets, and other belongings to be distributed after your death. It is important to speak with an attorney to ensure the will is valid and up-to-date with the current Washington State laws. The next step is to create a living trust. This type of trust is used to transfer property or assets to the beneficiary of your choosing. This can help you avoid probate court, and also provide instructions on how to manage your assets if you become incapacitated. An attorney can help you create a trust that meets your specific needs. Lastly, you should consider setting up power of attorney. This is legal permission for someone to manage your affairs on your behalf. This can be especially helpful if you become seriously ill or incapacitated and need someone to take care of your financial and legal matters. By working closely with an attorney who specializes in estate planning law, you can create a comprehensive estate plan that meets your goals and complies with Washington State laws.
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