What is an estate plan disclosure statement?

An estate plan disclosure statement is a document that explains the terms of a person’s estate plan. This document outlines the decisions and wishes a person, known as a grantor, has made while creating their estate plan. The statement is usually signed and dated, and it explains how the grantor’s estate is to be divided after their death, who will be the executor of the estate, and who will receive the assets of the estate. In Washington, an estate plan disclosure statement is required for all estate plans. This document ensures the grantor’s wishes are spelled out in a clear and straightforward manner to avoid any confusion after their death. It should also specify the exact terms of the will or trust, as well as the various rights, responsibilities, and liabilities associated with that document. The statement should also include any additional information that the grantor may want to include. This can include details about any specific bequests they wish to make, any restrictions they may have, and how they wish their property to be managed. This important document can help make sure the grantor’s wishes are followed after their death. Estate plans are an important tool in ensuring a grantor’s wishes are followed even after their death, and having a disclosure statement is an important part of this process. In Washington, having an estate plan disclosure statement is required for all estate plans, and these documents help to ensure that the grantor’s wishes are followed and respected.

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