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September 2015 Archives

What is a spendthrift trust?

Kent area residents who are thinking about their future may have estate planning as part of the equation. Estate planning is an important part of a family's asset protection. Kent residents work so hard to accumulate their wealth and it is important to make sure that it is distributed the way they want it to be upon their death. A spendthrift trust is one way to ensure their money is being used wisely.

How can an attorney help with estate planning?

Although many people in the Kent area believe that estate planning is beneficial only for the division of assets, when you die there are many other important situations that require a good estate plan. It is also necessary if a person becomes incapacitated and needs someone to take over their financial and/or health matters. It can also be beneficial to reduce an estate tax burden for the family.

Do you have a guardian set up for your children?

Parents in the Kent area are very busy. Children are generally involved in lots of activities, playdates, school commitments, etc. that it can be hard for parents to have a minute of peace. But it is important for parents to take the time to consider adding guardianships to their estate plan.

Estate planning for blended families

The life expectancy for Kent area residents continues to climb. With more people making healthy choices, regularly visiting their doctor and the advances in medicine help people live longer. This means that more people get married again later in life and blended families are common. Estate planning for those who have a blended family can be tricky.

What is a testamentary trust?

Kent area residents who have children or have children with special needs need to think about their estate plan in case something happens to them. A testamentary trust is a part of an estate plan used to transfer assets and can be a good idea for those who have dependent children.

Make Your Consultation Appointment

To speak with an attorney at Gellner Law Group about estate planning, probate, trusts, wills or tax controversy, contact our law office in Kent, Washington, today. You can call 425-336-2908 or send us an email. We provide representation across the entire Seattle-Tacoma metropolitan area.

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