12Law Arrow 12Law Arrow  Easy Questions  
12Law Arrow 12Law Arrow Instant Legal Documents
 
 
FINANCIAL & MARITAL

Cohabitation Agreement coming soon!
Separation Agreement coming soon!
No-Fault Divorce coming soon!
Bankruptcy coming soon!
 
 

Overview of Estate Planning in Longview, WA

Overview of Estate Planning in Longview, WA


Death is not a tragedy to the one who dies; to have wasted the life before that death, that is the tragedy.
 
- Orson Scott Card


Estate planning is the process of getting your affairs in order so that if you pass away unexpectedly, things will be much easier for your loved ones.

Estate Planning doesn't have to be hard or expensive or intimidating. Just a few simple steps: Catalog what you own, make a will and create a few legal documents (with the help of 12Law.com) and review the beneficiaries on your retirement accounts. For most Americans, there's no need to worry about estate taxes or fancy trusts.

Do it for your family. You will feel so much better knowing that you've taken care of them.

• Write a will. State in this document the properties you want your beneficiaries to inherit. You can also indicate the guardian for your young children if something happens to you and your partner.

• Select a guardian for your children. Children who will inherit any money or property from you should be designated with an adult guardian to oversee their affairs.

• Update beneficiaries on retirement accounts. You can transfer to your beneficiaries your stocks, bonds and brokerage accounts if you were able to register them. If you have a bank account and retirement plans, naming a beneficiary to these documents can automatically make these accounts "payable on death". This can avoid the probate process.

• Sign up for life insurance. It would be a good investment to get a life insurance if you owe significant amount of estate tax or debts, have young children, and own a house.

• Determine of you will owe estate taxes. Estates taxes will be impose by the government upon your death if your taxable estate is more than the inclusive limits set by law.


• Determine if a Living Trust is right for you. Property placed in the living trust can be distributed to their designated beneficiaries without undergoing probate which can be expensive and time consuming.

• Define your health care directives . You also need to plan out for your medical care by doing a medical declaration or Living Will that can indicate the treatments you want or do not want and Power of Attorney for health care that can assign a trusted person who will make medical decisions for you if you are unable to make it yourself.

• Create a financial power of attorney . If you become incapacitated, handling your affairs can be a problem but not if you have a durable power of attorney for finances. A trusted person you have chosen yourself will be handling your finances and property if that time comes. This trusted person is called an agent or attorney-in-fact.


• Provide for funeral expenses. Payable-on-death bank account can be more reliable and easier to set-up as compared a funeral prepayment plan. This will cover your funeral and other related expenses.

• Make the final arrangements. This document will indicate your wishes for organ and body donations and also the disposition of your body through burial or cremation.

• Define the Succession Plan for your business. Make plans if you own a business by having a successor. If you have a partner in business, have a buyout agreement.

• File all estate planning documents. The person you choose in your will to administer your properties should be given access to your important documents like:

1. will

2. trusts

3. information on bank accounts, mutual funds, and safe deposit boxes

4. information on retirement plans, 401(k) accounts, or IRAs

5. insurance policies

6. real estate deeds

7. certificates for stocks, bonds, annuities

8. Information on debts: credit cards, mortgages and loans, utilities, and unpaid taxes

9. Information on funeral prepayment plans, and any final arrangements instructions you have made.

 
Personalize & Print a Free WA Last Will Create This Document
Page 1
Page 2
Page 3
Page 4
Page 5
Page 6
Page 7
Page 8
Page 9
Page 10
 
Personalize & Print a Free WA Living Trust Create This Document
Page 1
Page 2
Page 3
Page 4
Page 5
Page 6
Page 7
Page 8
Page 9
Page 10
Page 11
Page 12
Page 13
Page 14
Page 15
Page 16
Related Legal Services near Longview, WA
Falkenstein Zandi P
950 12th Ave # 100
Longview, WA 98632
(360) 577-8995
Attorneys, Family Law Attorneys, Divorce Assistance
Brown & Seelye Attorneys-Law
884 11th Ave
Longview, WA 98632
(360) 414-8900
Attorneys
Couto Eleanor M
1402 Broadway St # 102
Longview, WA 98632
(360) 577-8760
Attorneys
Rorden David H
1953 7th Ave
Longview, WA 98632
(888) 973-8322
Probate Law Attorneys, Wills, Trusts & Estate Planning Attorneys
Cotterell, Lindsey D
950 12th Ave
Longview, WA 98632
(360) 747-7948
Accident & Property Damage Attorneys, Personal Injury Law Attorneys, Automobile Accident Attorneys
Wardle Samuel S
1402 Broadway St # 106
Longview, WA 98632
(360) 423-7502
Attorneys
Penta Vince
1561 11th Ave
Longview, WA 98632
(360) 423-7175
Attorneys,  Wills, Trusts & Estate Planning Attorneys,  Real Estate Buyer Brokers,  General Practic
Daggy & Anagnostou
1801 1st Ave # 4A
Longview, WA 98632
(360) 425-6500
General Practice Attorneys, Attorneys, Legal Service Plans
Amy M. Wade
1402 Broadway St
Longview, WA 98632
(360) 562-6446
Adoption Law Attorneys, Attorneys, Family Law Attorneys
Bruce Hanify
1315 14th Avenue
Longview, WA 98632
(360) 200-6360
Writers, Criminal Law Attorneys, DUI & DWI Attorneys, Attorneys, Research Services
Walstead Mertsching PS
1000 12th Ave Ste 2
Longview, WA 98632
(360) 225-6339
Attorneys, General Practice Attorneys, Legal Service Plans
Morgan Daniel G.
1555 3rd Ave
Longview, WA 98632
(360) 200-6305
Attorneys, Sexual Harassment Attorneys, Criminal Law Attorneys
Salzsieder Legal Services
1133 14th Ave Suite 200
Longview, WA 98632
(360) 200-5969
Attorneys, Probate Law Attorneys, Wills, Trusts & Estate Planning Attorneys
McReary Craig M. PS
1555 3rd Ave Suite B
Longview, WA 98632
(360) 200-5482
Probate Law Attorneys,  Attorneys,  Family Law Attorneys,  Wills, Trusts & Estate Planning Attorney
Crandall, O'Neill & Imboden & Styve P.S.
1447 3rd Ave Suite A
Longview, WA 98632
(855) 745-5343
Attorneys,  Criminal Law Attorneys,  Family Law Attorneys,  Divorce Attorneys,  Probate Law Attorney
Barlow John A
1700 Hudson St # 300
Longview, WA 98632
(360) 423-5220
Attorneys Referral & Information Service, Attorneys
Claxton Michael A
1700 Hudson St # 300
Longview, WA 98632
(360) 423-5220
Estate Planning Attorneys, Attorneys, Wills, Trusts & Estate Planning Attorneys
Brumbaugh Mark S
1700 Hudson St # 300
Longview, WA 98632
(360) 423-5220
Accident & Property Damage Attorneys, Attorneys, Legal Service Plans
Dick Norman C
1700 Hudson St # 300
Longview, WA 98632
(360) 423-5220
Attorneys
Husemoen Odine
1700 Hudson St # 300
Longview, WA 98632
(360) 423-5220
Attorneys
Randolph, Frank - Walstead Mertsching
1700 Hudson St Ste 3
Longview, WA 98632
(360) 423-5220
Estate Planning Attorneys,  Attorneys,  Family Law Attorneys,  Divorce Attorneys,  Business Law Atto
Randolph Frank
1700 Hudson St # 300
Longview, WA 98632
(360) 423-5220
Attorneys
Wanderer Stephen L
1700 Hudson St # 300
Longview, WA 98632
(360) 423-5220
Attorneys, Family Law Attorneys, General Practice Attorneys, Divorce Assistance, Legal Service Plans
O'Neill Tom
1447 3rd Ave # A
Longview, WA 98632
(360) 425-4470
General Practice Attorneys, Attorneys, Legal Service Plans
12Law.com   |  NASHVILLE, TN USA   |  CONTACT US