What Kind Of Will Or Trust Do You Need?
An estate planning document’s goal is to protect your assets and your loved ones’ future. Our lawyer at Gordon & Alvestad, PLLC, can help you create a comprehensive estate plan, and a will and trusts are likely to be an important part of that plan.
We know these issues can seem overwhelming and confusing (as well as vaguely unsettling), but we take the time to explain the legal concepts and the specifics of how these documents can help you achieve your goals.
Decades Of Experience With Wills And Trusts
We have helped thousands of clients in Washington contend with the wide range of estate planning issues.
We can provide the experienced counsel you need when determining what you need in a will or the types of trusts that will work best for your family. We have seen a great many variations on these matters, and we can advise the solutions that will obtain the results you want.
What Does A Will Do?
A will instructs a court and your executor how your property should be distributed. It can be as simple or as complex as needed. This can be especially useful for personal property such as jewelry, firearms or other items of strong sentimental or monetary value that can generate bitter disputes between heirs. It also is used to name guardians for minor children, an important matter for any parent.
Do You Need A Trust?
Trusts are tremendously flexible legal instruments. They can provide for a special needs child, protect your children and business in the event of a divorce, and help with wealth preservation strategies and tax minimization, and eliminate the need for probate. You may not need one at all, but our attorney will explain how they can help and if they would be valuable for your plan.
We Help You Avoid Future Problems
When estate planning documents become dated, obsolete or are not clearly drafted, disputes can develop during estate administration by disappointed or disgruntled heirs. With trusts, issues involving the trustee’s fiduciary obligations can lead beneficiaries to sue.
We have experience with these issues, and we can help you revise your will or trusts to avoid these issues in the future, as well as counseling beneficiaries on the necessity of litigation when issues have already developed.
We always look at these issues from a realistic and cost-effective perspective. We never recommend you to create a trust when you don’t need one, and we don’t suggest changes merely to make changes. We know you want to preserve as much of your wealth for your family as possible and we have the advanced understanding of tax law to help.