Tacoma Estate Planning Attorneys

A will is an important part your estate plan. It determines things like, who will get your property, who will be the executor, who will be the guardian for your children, and more. Having a will also means that you, rather than Washington State Probate Law, makes these decisions when you die.

A trust may be the most important part of an estate plan. The right kind of trust may protect your assets while you are alive and ensure that your children and other loved ones receive their inheritance without the time and expense of probate. It may also come with tax benefits and protection from creditors.

If you don’t have an estate plan in Washington State, or you don’t have the right estate plan, you are likely going to end up in probate court. Without the assistance of the right probate attorney to act as the probate administrator, you may spend a very long time and most of the estate assets before you get out of probate.

A trust administrator helps to manage the assets of the trust. They handle things like taxes and compliance issues, managing the trust investment assets, ensures proper distribution of the trust assets and keeping the trust beneficiaries informed. A trust administrator is required to acting in the best interest of the trust.

There are a few types of power of attorney including a healthcare power of attorney and financial power of attorney. An estate in Washington State will typically include both because they do different things. If you become incapacitated and unable to make decisions, someone with the power of attorney can help.

People are living longer and often require long-term care. A Washington State elder law attorney can help you with Medicare and long-term care planning is vital. An estate planning or elder law attorney can help you craft a plan that will give you the maximum possible benefits while preserving your wealth and assets.

An unexpected illness, lawsuit and sudden job loss are common reasons why families and individuals in Washington State end up in financial crisis. For many, filing a chapter 7 bankruptcy is the best way to get out the debt relief they need. Our experienced bankruptcy attorneys in Tacoma can help.

In some situations, chapter 13 bankruptcy can give you time to pay your debts while reducing what you owe to an affordable payment. A chapter 13 bankruptcy may help you keep your home and other assets and even reduce or eliminate certain types of mortgages. Call our Tacoma bankruptcy attorneys today.