WILLS AND TRUSTS
Here at The Narrows Law Group in the City of Tacoma, we care about the formal preparation for your future and to ensure your family’s estate is protected. We offer and prepare wills and trusts as part of our comprehensive estate planning services. Our team of professional lawyers are here to walk with you in the process of ensuring your family’s future is safe and in the right hands.
WILL
A will is a critical part of Estate Planning that directs distribution of property upon death. Despite its simple concept, a will covers a lot more ground that you think. It can also address:
Naming a guardian for minor children
Differences between your wishes and state intestacy laws
Preserving assets while continuing medicaid or other long-term care benefits
With a will, you get to pick who will be responsible for your estate’s administration and handling, also called a probate, and bestow that person with the power to do so with minimal court interference and corresponding decrease in legal costs. If you have children who are minors, you also get to specify who will serve as their guardians, and who will be responsible for safekeeping the properties you left during their minority. These are important details that should not be neglected since it is not advisable to let someone else determine the future of your estate after your passing.
TRUST
A trust allows one person or an organization to handle a legal interest in property that benefits another person or organization. These are often suggested by financial planners as a means to avoid probate. In the state of Washington, strict asset protection rules limit the potential of a revocable living trust. Nevertheless, one can still be beneficial in certain circumstances. A trust is capable of:
Can be modified or canceled during your lifetime
Help steer clear of guardianship proceedings
Can avoid probate procedures if properly funded
Can save costs in ancillary and probate feeds if you own a property outside of your resident state and transfer those assets to the trust properly
WILLS AND TRUST ATTORNEYS IN TACOMA
We believe that creating a wills and trust is part of moving forward and leaving a legacy that is to be appreciated by your family. We at The Narrows Law Group believe that your legacy matters, and that it deserves to be handled by top lawyers from Tacoma. If you have any Estate Planning concerns, do contact us ASAP since it may take 2-4 weeks to get an appointment due to our busy practice.