Living Will & Trust Attorneys in Bellevue

For parents living in Bellevue, WA, having a will and trust is essential to protecting your family in the event of your death. A will allows you to designate how your assets will be distributed, and a trust can provide for the care of your minor children. At Northwest Strategy & Planning, our team of experienced estate planning attorneys can help you create a comprehensive plan that meets your unique needs. We will work with you to understand your goals and objectives and create a plan to fulfill your wishes.

What is a Living Will?

A living will is a document that outlines an individual’s wishes regarding end-of-life medical care if they become incapacitated and are unable to communicate their desires. The use of a living will is to prevent loved ones from having to make difficult decisions about life-sustaining treatment on your behalf.

What is a A Trust?

A trust is an arrangement in which one party (the trustee) holds property or assets for the benefit of another party (the beneficiary). The trustee has a fiduciary responsibility to manage the trust property by the terms of the trust agreement and in the best interests of the beneficiaries.

Estate Planning: 5 Crucial Elements

Estate planning involves creating an estate plan that allows you to decide how the property and assets will be managed and distributed upon death. To create a comprehensive estate plan, the following five elements must be considered:

Will

A will is a legal document stating how you would like your assets to be distributed after death. It is essential to have a will in place to ensure that your wishes are carried out and to avoid any disputes among your loved ones.

Medical Directive

A medical directive, known as a living will, is a written document outlining your wishes for end-of-life medical care if you become incapacitated and unable to communicate your desires.

Financial Power of Attorney

A financial power of attorney is a legal document authorizing another person to manage your financial affairs. This document gives your agent broad powers to handle your finances and can be very useful if you become incapacitated or otherwise unable to manage your affairs.

Trusts

A trust is a legal method in which one person (the trustee) holds the property on behalf of another person (the beneficiary). Trusts can be used for various purposes, including avoiding probate, minimizing taxes, and protecting assets from creditors.

Guardian

A guardian is a person who is legally responsible for another person, known as a ward. Guardianship can be used for various purposes, including protecting minors or disabled adults from abuse or exploitation.

What Makes Northwest Strategy and Planning the Best?

Our company specializes in helping individuals and families with their long-term financial planning needs. We take a comprehensive approach to planning, considering your unique circumstances and goals. Our experienced professionals will work with you to develop a plan tailored to your specific needs.

Wills and Trusts are essential documents that can help you protect your family and your assets. It is important to understand these documents before you create them. Our expert attorneys at Northwest Strategy and Planning PLLC can help you create a Will or Trust tailored to your specific needs. Book your 20-minute phone consultation for a free evaluation of your estate planning needs today.

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.