Estate Planning Attorneys in Lynnwood
Parents living in Lynnwood should consider working with an estate planning lawyer to ensure their wishes are respected and their assets are managed properly after their passing. An estate plan is simply a blueprint for what will happen to your money and possessions when you die. Without one, the state will decide how your assets will be distributed – which may not align with your wishes. Our estate planning lawyers at Northwest Strategy and Planning PLLC in Lynnwood can help you create a will or trust, name beneficiaries, and decide how your loved ones should be taken care of if something happens to you.
What an Estate Planning Lawyer Does: Crucial Elements
Estate planning is a significant way to ensure that your assets and finances are in order before, during, and after your death. An estate planning lawyer specializes in helping you create an effective plan for managing those assets and finances.
Here are some crucial elements of what an estate planning lawyer can do for you:
Drafting a Will
A will is a legal document outlining how you want your assets to be distributed upon death. An estate planning lawyer can help you draft a will to ensure it meets all legal requirements and accurately reflects your wishes.
Forming Trusts
Trust is a legal arrangement where assets are held in trust by a third party on behalf of a named beneficiary. An estate planning lawyer can help you create trusts to protect your assets and ensure they go to the intended parties after death.
Establishing Powers of Attorney
Powers of attorney enable you to appoint someone else to act on your behalf for specific tasks related to your estate plan. A power of attorney for financial matters is a legal document that allows you to appoint someone else, often a family member or trusted friend, to make decisions about your finances should you become incapacitated or unable to manage them yourself
Medical Directives
Medical directives, also known as living wills, are legal documents that allows you to specify your wishes regarding medical decisions if you cannot make them yourself. These documents can guide family members and healthcare providers when it comes time to make important decisions about your healthcare. Our lawyers can help you establish the necessary documents and explain their implications.
Naming a Guardian for Minors
Minors who do not have a parent or guardian may need to have one legally appointed. When naming a guardian for minors, be sure that the designated person is willing and able to act in the minor's best interest. Consider their stability, health, values, and lifestyle when selecting someone responsible for making decisions on behalf of the minor.
What Can Northwest Strategy and Planning Estate Lawyers Offer?
Estate planning is a complex and vital task, so it’s essential to enlist the help of experienced professionals. Northwest Strategy and Planning estate lawyers can provide in-depth legal advice on matters related to wills, trusts, taxes, probate court proceedings, and more. They will assess individual needs and create customized strategies tailored to a person’s situation.
Call our estate planning lawyers at Northwest Strategy and Planning PLLC in Lynnwood for more information. We provide comprehensive estate planning services and are committed to helping you create an estate plan that meets your goals and objectives. We will work with you to develop a strategy that will meet your needs now and in the future.
Get Started Now
We accept clients on a rolling basis to avoid unnecessary delays. We conduct intakes by phone, client meeting over zoom and meet in-person to sign and notarize the final product of our work.