In Fircrest, Washington, estate planning is the process of determining what you want done with your property after your death (which is, of course, a very personal decision), and then setting up the legal and financial arrangements to ensure that your wishes are carried out.

While the drafting of a will (the document that dictates what is to be done with the decedent's property after death) is usually the central component of any estate plan, there are several other elements which you may want to include, depending on your goals, and your financial situation.

A will is rarely the only aspect of a comprehensive estate plan. Most people have very strong preferences about their end-of-life care, especially when, and under what circumstances, they would want to be taken off life support, if that every happens. These wishes should be made in writing, and discussed with family. Additionally, preferences on organ donation and funeral arrangements should also be made clear.

If you have young children, it is absolutely crucial that you make arrangements for their care, as well as their custody. Obviously, if you want someone specific to take custody of them in the event something happens, you need to discuss the matter with them, to ensure that they are actually able and willing to care for them.

What Type of Estate Plan Do I Need in Fircrest, Washington?

This usually depends on your individual goals and priorities, your age, health, and the nature and quantity of your assets.

Unmarried young adults generally don't think much about estate planning. In most cases, this is fine. Unless you are extremely sick or have an unusually large amount of assets, estate planning is not something to really worry about at this point in your life.

If you're not married in Fircrest, Washington, but have a life partner, estate planning is essential. If you want your partner to be treated as your spouse, your estate plan should make arrangements to give him or her power of attorney in the event that you become incapacitated. Additionally, your will should clearly name your partner as a beneficiary, if you want them to inherit any of your assets.

There is another large group of people who would benefit from having a good Fircrest, Washington estate plan: the elderly and those with a lot of money really need to consider making a comprehensive estate plan as soon as possible. While this necessarily involves facing some uncomfortable realities, it is critical and unavoidable.

Do I Need a Fircrest, Washington Estate Planning Attorney?

Because estate planning in Fircrest, Washington can involve some convoluted legal and financial issues, it is crucial to undertake this task with the guidance of an experienced attorney who specializes in estate planning.