No matter your age, one thing you may want to consider is what happens if something were to happen to you. How will your finances be handled? Debts paid? What about your home, car, and other valuables? If you are wondering if you should write a will, the answer is that you might want to at least look into it. You never know when an accident or severe illness can happen, so it’s a good idea to be prepared just in case. When looking into writing a will, you should speak with a lawyer who focuses on estate planning in Port Orchard WA.
Estate planning encompasses many different things, including wills, trusts, living wills, and guardianship. Wills are general documents which dictate what happens to everything you own as well as any debts in the case of your death. Trusts are accounts you put money into for a person which has restrictions on when they can retrieve the money from the account, such as when they turn 21. A living will is where you state what will happen if something happens to you and you are still alive, but unconscious and possibly permanently unable to live outside of a hospital. Guardianship is the documents that dictate who will take care of your child or children if you pass away. In some cases, there may even be a backup for this person to be on the safe side.
Your lawyer will be able to review over each of these things with you and help you decide which ones apply to your life. For instance, if you don’t have any children, you won’t need to worry about the guardianship paperwork. Once you have worked with a lawyer to create your will or any other paperwork that you need, you can be sure that your instructions follow the law and will be carried out according to what you want.
If you’re thinking about your future and would like to look into wills, trusts, or other estate planning paperwork, speak with a lawyer who focuses on helping people with Estate Planning in Port Orchard WA. Attorneys such as Bennett Moran and Gianneschi Attorneys will be able to help you with everything you need and make sure that you are satisfied that you have prepared for the future.
