Living Will & Trust Attorneys in Lynwood

As a parent, there’s nothing more important than protecting your family. That’s why having a living will and trust is so important. At Northwest Strategy & Planning in Lynwood, we understand the importance of taking care of your loved ones after you are gone, which is why we have expert attorneys for living wills & trusts in Lynwood. Our team can help ensure your wishes are respected, and your family is taken care of in the best way possible.

What Does a Living Will Include?

A living will is a document that outlines your wishes for medical treatments and decisions if you become incapacitated and unable to communicate those wishes. It protects your finances, health, and personal property and is legally binding. It puts the power in the person’s hands to decide how you want to be cared for, even if you cannot communicate those wishes.

What Does a Trust and What Does It Include?

A trust is a legal entity created to hold and manage assets. It is generally managed by a trustee, who administers the trust according to the instructions provided in its governing documents. Trusts typically include investments such as stocks, bonds, real estate, or other tangible assets.

Comprehensive Estate Planning for Parents: What Does It Entail

Estate planning is a critical part of financial and legal planning for parents. It involves protecting family assets and ensuring they are distributed according to the parent’s wishes when they pass away. Comprehensive estate planning can help protect their assets, including providing for their children’s needs and preserving wealth for future generations. Here’s what we offer:

Will

A will is a legal document that states how a parent wants their property to be distributed after they pass away. A will should include instructions for guardianship of any minor children and provide instructions on how to care for any pets. Parents must update their will if their financial situation or family circumstances change.

Trust

A trust will allow a parent to manage their assets while alive and designate beneficiaries who will inherit them upon death. Trusts can be set up to provide for minor children, protect assets from creditors or reduce taxes.

Guardianship

Parents must ensure that any minor children are provided for in the event of their passing. A guardian is someone who has legal custody and responsibility over a child until they reach adulthood. Parents should select and name guardians in a will or other legal document to protect their minor children.

Power of Attorney

A power of attorney provides another person the legal authority to make financial and medical decisions on behalf of a parent. This allows parents to designate someone they trust to act in their best interests should they become incapacitated or incapable of making decisions for themselves.

Tax Planning

Tax planning is an essential part of estate planning for parents. A professional can help them understand the tax implications of estate planning decisions, such as setting up trusts or distributing assets.

What Makes Northwest Strategy and Planning Unique?

At Northwest Strategy and Planning, we understand that every situation is unique. Our project and strategic planning approach is tailored specifically to your needs. We don’t believe in cookie-cutter solutions; instead, we focus on understanding your context, goals, processes, and strategies to develop customized plans for our clients.

At Northwest Strategy and Planning PLLC in Lynwood, we strive to develop customized strategies that meet the unique needs of our clients. With years of experience in wills and trusts, estate planning, and more, we have the knowledge and resources to help you protect your assets and plan for the future. We understand that no two clients are alike, so each of our tailored plans focuses on goals specific to you.

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.