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Posts tagged "trust"

An estate plan can include nonprofits


When people think about what will happen after they die they typically hope that other people remember them for a long time. No one wants to be forgotten. Establishing an estate plan that includes a legacy of giving, along with passing assets to an heir, can be a wonderful way to ensure a person's name lives on long after the person gone.

Have you talked to your children about your WA estate plans?


Washington family dynamics can always be a source of frustration for parents and their kids as well. Death is a difficult topic for anyone to talk about, but when family drama is brought into the situation, it can be commonly ignored. Estate planning is a critical topic to discuss with your family, but how can you discuss this commonly ignored topic?

Washington estate planning is for everyone


Many Washington residents think that estate planning is for the very wealthy. But, estate planning is for everyone. The purpose of estate planning is to give what you want to whom you want and paying the least amount of taxes and expenses. An estate includes everything that you own or have control over. This can include property, retirement accounts, life insurance, business, personal property, etc.

We can help with all of your estate planning needs


Residents in King County may know how important estate planning is. Estate planning can help protect your assets, carry out your wishes if you become incapacitated and protect the best interests of your family. A well-prepared estate can make sure your wishes are carried out and your loved ones are protected when you're gone.

What is the difference between revocable and irrevocable trusts?


Washington estate planning tools often focus on trusts as part of the plan. A trust is a way for an individual to distribute property by transferring its benefits and obligations to different people. When a trust is created, the owner or "trustor" or "grantor" transfers the legal ownership to a person, a "trustee," to manage for the benefit of another person, the "beneficiary." The trustee is responsible for acting in the best interest of the beneficiary.

Different trust options exist to aid with estate planning


Estate planning can be unique to each individual and there are many estate planning tools available to meet different circumstances and needs. There are different types of trusts that may be set up for different purposes. According to one expert, trusts may provide greater asset protection and control over the distribution of assets, even including following death. Another benefit may be that, in general, living trusts are not subject to probate. A revocable trust may spare the family the publicity of a will and allow privacy to be maintained.

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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