Proper estate planning can clarify your intentions and provide a practical and cost-effective means of distributing your assets to your intended beneficiaries.

In many cases, it is important for a client to sign a Last Will and Testament that clearly provides instructions for the ultimate distribution of the client’s assets following death. The Will should designate a Personal Representative (Executor) who would be appointed by the Court to administer the estate in accordance with the provisions of the Will.

The Will may also create a trust for the benefit of minor beneficiaries or beneficiaries who are suffering from some type of disability. Such a trust may make it possible to protect their interest in the estate for the period of time specified in the Will. A Will can also create a Credit Shelter Trust to minimize Estate Tax liability for a married couple.

When You Need the Help of a Bellevue and Renton Wills Attorney

The Law Offices of Dan Kellogg spends time with you to identify your needs and goals related to a Will. Selection of a Personal Representative (or Executor) is important. You may need to set up a trust for minor children or disabled family members with special needs. The interests of all beneficiaries should be protected by the Will’s provisions.

A Washington Last Will and Testament Lawyer Protecting Your Assets

The last thing you want to leave your beneficiaries is a substantial estate tax liability. There are limits to what can be exempted. Providing a “credit shelter trust” can minimize estate tax liability for a married couple. Other potential strategies may be able to protect additional assets from estate taxation.

For more information or to schedule an appointment with an experienced estate planning lawyer, please contact the firm.