Solidifying Your Wishes Through Wills And Trusts
Unless you take the time to create a comprehensive estate plan that details your property designations, the assets accumulated during your lifetime could be distributed to unintended beneficiaries. Both wills and revocable trusts allow you to control what happens to your assets during the remainder of your life and after your death. Based in Marysville, the estate planning attorneys at Third Street Law can help you determine which tool is best suited for your needs.
Ensuring Your Wishes
A will or revocable trust ensures your estate passes to your loved ones in accordance with your wishes. If you pass away without writing a will or having a trust in place, your assets will be distributed according to Washington’s intestate and probate laws, which may not align with your wishes.
A will is the central pillar of most estate plans. A well-drafted will streamlines the probate process, names and equips an executor to put your wishes into effect, and establishes a trust and names a guardian for your children.
A revocable living trust is an alternate means for accomplishing many of the same functions of a will. In addition to ensuring the smooth transfer of assets, a trust allows you to make provisions in case you become incapacitated, avoid probate and keep the details of your estate private.
Tailored Estate Planning
Deciding how to transfer your estate involves many decisions that depend on your needs and goals. What works for one person may not be appropriate for another. Our attorneys recognize the importance of creating a legacy and will work with you to design an estate plan tailored to your individual values. We offer free initial consultations. Reach out to our office online or call to arrange yours.