Living Will & Trust Attorneys in Bremerton
Parents living in Bremerton are encouraged to make plans for their children’s future in the event of any unfortunate circumstances. A living will and trust can be an essential part of this process, as they provide a secure way to ensure that the parent’s wishes are honored and respected. NW Strategy & Planning is proud to offer attorneys/lawyers who specialize in creating living wills and trusts for citizens of Bremerton.
Our experienced attorneys understand that planning for the future can often be complex due to its many unknowns. As such, they strive to provide compassionate counsel throughout the entire process.
What is a Living Will?
A living will is an essential legal document that allows you to make decisions about your medical care and treatment if you become incapacitated or unable to communicate. The document outlines your wishes for end-of-life care, including what type of medical interventions you want under certain circumstances.
What is a A Trust?
A trust is a legal arrangement that lets a third party, known as the trustee, to hold assets on behalf of another party or parties – the beneficiaries. This arrangement provides flexibility regarding how the trustee administers and distributes the assets held within the trust. The most common types of trusts are revocable living trusts, irrevocable trusts, special needs trusts, and testamentary trusts. A trust can be a powerful estate planning tool for individuals, families, and businesses. Trusts enable grantors to control how their assets are managed during their lifetime and after death.
Estate Planning: What Does It Constitute
Parents, guardians, and wealthy individuals may create an estate plan that outlines the future disposition of their assets in case of incapacity or death. Estate planning is arranging for the transfer of your property and money after you die while also considering potential tax implications. Here’s what it can include:
Will
A will is a document that states how you want your assets divided, who is to take care of minor children and pets, and other instructions. It's essential to keep it updated, as laws and family situations can change.
Trusts
Trusts are legal entities that contain funds for your beneficiaries. They offer estate tax savings, protection from creditors, and control how the beneficiary uses money. There are various types of trusts that serve different objectives, such as living trusts, testamentary trusts, special needs trusts, and charitable trusts.
Power of Attorney
A power of attorney (POA) is a document that allows you to designate an individual or group to act on your behalf in the event of incapacity. A durable POA will supersede any other instructions in your will if it's determined that you are mentally or physically unable to handle your affairs.
Health Care Directive
A health care directive is a document that outlines your wishes regarding medical treatment should you become unable to make decisions due to incapacitation. It can dictate treatments and medications, whether or not life-sustaining measures are taken, and who is allowed access to your medical records.
Guardianship
Guardianship is an essential consideration in estate planning if you have minor children. You can appoint a guardian to care for and make decisions on behalf of your children if something happens to you. The person you choose must be someone you trust and who will act in the best interests of your children.
Why Choose Northwest Strategy and Planning?
As legal advisors, Northwest Strategy and Planning is committed to providing clients with personalized and comprehensive solutions. Our experienced attorneys bring years of experience, allowing us to provide legal advice tailored specifically to our client’s needs.
At Northwest Strategy and Planning PLLC, our top priority is providing quality legal services in Bremerton, with a focus on customer satisfaction. Our 20-minute consultation is free, so get in touch with a representative today to discuss your legal needs. We look forward to helping you succeed!
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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.