Are you thinking about creating an estate plan in Spokane, Washington? You probably have a lot of questions about your best path forward and how to handle the legal side of things. Elevated Estate Planning, P.S. is here to help.
We have 25 years of combined experience guiding clients in Spokane and throughout Washington State through the estate planning process.
Below, we’ve answered some of the most frequently asked questions about estate planning in Spokane. If you still have questions after reading, reach out to our office at (509) 328-2150 for a consultation with an experienced Spokane estate planning attorney.
How Can Elevated Estate Planning, P.S. Help With My Estate Plan in Spokane, WA?
Estate planning can feel overwhelming, but we’re here to make the process as easy and painless as possible.
Our legal team at Elevated Estate Planning, P.S. understands Washington law inside and out, and we’ll provide you with comprehensive legal services from start to finish.
When you work with us, we can:
- Listen to your goals and help you clarify your wishes
- Review your current assets and financial situation
- Explain the benefits of wills, trusts, powers of attorney, and other planning tools
- Draft and update estate planning documents that comply with Washington law
- Help you minimize estate taxes and avoid probate whenever possible
Contact our law offices in Spokane, WA, today to set up your consultation and learn how we can help you secure your legacy.
What Documents Should Be Part of My Estate Plan in Spokane?
Most Washington estate plans include a few essential documents:
- Last will and testament: Outlines how your assets should be distributed and who will serve as guardian for any minor children
- Revocable living trust: Can help your estate avoid probate and provide for management of your assets if you become incapacitated
- Durable power of attorney: Lets you appoint someone to manage your financial affairs if you can’t do so yourself
- Health care directive (living will): States your wishes for end-of-life medical care
- Healthcare power of attorney: Designates someone to make medical decisions on your behalf if you can’t communicate
Depending on your situation, your plan may also include special needs trusts, business succession planning, or charitable giving arrangements
What Happens if I Die Without a Will in Washington State?
If you pass away without a valid will, your assets will be distributed according to Washington’s intestate succession laws.
This means:
- The state decides who receives your property
- Your spouse and children typically have priority, but other relatives may be included
- The process can be more complicated and costly for your loved ones
- The court will appoint a personal representative (executor) to manage your estate
- If you have minor children, the court will also appoint a guardian
Creating a will gives you control over your estate and helps make things easier for your family during what is likely to be a challenging time.
How Can I Avoid Probate?
Probate is the court-supervised process for distributing a person’s assets after death. In Washington, probate isn’t always required, but it can take time and lead to extra expenses.
Some strategies to avoid or minimize probate include:
- Creating a revocable living trust and transferring assets to it
- Naming beneficiaries on retirement accounts and life insurance policies
- Holding property jointly with right of survivorship
- Using transfer-on-death (TOD) or payable-on-death (POD) designations for certain assets
The best approach depends on your assets and family situation. An estate planning attorney with our team can help you understand your options and set up a plan that fits your needs.
Do I Need a Lawyer to Create an Estate Plan in Washington?
While some people try to use online templates or DIY documents, estate planning involves more than just filling out forms.
Working with a Spokane estate planning lawyer helps ensure your plan:
- Meets all legal requirements in Washington State
- Clearly reflects your wishes
- Covers issues you might not have considered, such as incapacity or blended families
- Remains valid and enforceable if your circumstances change
Our attorneys at Elevated Estate Planning, P.S. offer experience and attention to detail you won’t get from a generic form.
Contact Our Spokane Estate Planning Attorneys for an Initial Consultation
Estate planning is one of the most important steps you can take to protect your family and your legacy. The right plan provides peace of mind, knowing that your wishes will be honored and your loved ones will be taken care of.
If you’re ready to start your estate plan or just want answers to your questions, contact Elevated Estate Planning, P.S. today. Our Spokane estate planning lawyers are here to help you create a customized plan that meets your needs now and into the future. Schedule a consultation to get started.