July 8, 2020

As COVID-19 sweeps the globe, it has many people thinking about their mortality and how their families will cope if the unthinkable happens. If those thoughts have been swirling through your mind, you can ease your worries by taking a close look at your estate plan — or creating one if you are not already equipped. Through estate planning, you can gain true peace of mind and rest assured everything will be handled how you would like when you pass away.

All About Estate Planning

Estate planning allows you to decide who inherits all your assets, such as:

  • Real estate

  • Vehicles

  • Monetary investments

  • Money in bank accounts

  • Retirement funds

  • Life insurance

You cannot just write down how you want the assets distributed, however. You need to work with an attorney to draft up a legally binding document called a last will and testament.

To streamline the asset distribution process, you may need to go beyond a will to creating a living trust. This can eliminate the hassle of going through probate and having the courts divvy up the property and funds according to your wishes.

Estate planning can also help ensure you receive the right level of care at the end of your life by assigning a power of attorney. The named individual can then make medical decisions on your behalf if you are unable to plus handle your financial affairs. While doing so, they will honor all your wishes, allowing you to remain in control when unable to directly manage the details.

When to Reach Out for Estate Planning in Kent/Renton, Washington

It is never too soon to reach out for estate planning in Kent and Renton, Washington. You never know when you will unexpectedly pass away or simply need a power of attorney to take over in handling your affairs. For that reason, even young adults need to have a comprehensive plan in place that covers all their end of life wishes.

You can get the support you need in creating your plan by reaching out to Attorney Dan Kellogg.

With over 40 years’ experience, he knows just how to best set up estate plans to reflect your circumstances and wishes. To receive dedicated support, simply contact me online or call 425-227-8700 to set up a free consultation.