Jennifer C. Rydberg, Attorney at Law
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Kent Estate Administration and Probate Law Blog

It is best not to procrastinate when it comes to estate matters

Not many Kent residents derive pleasure from thinking about their inevitable death. This is not a particularly popular topic among families but it is very important. Those who make plans regarding their estate planning ahead of time can give their families the gift of peace of mind.

When a family works out estate planning details prior to their death they are giving their heirs an amazing gift. The death of a spouse is something not many people want to think about, but when it happens the other spouse can be left not knowing what to do. In order to be prepared for the event before it occurs, both spouses should know what all of the assets are. These assets include life insurance, retirement plans, and who is listed as beneficiaries. A power of attorney for both medical care and financial matters should be established for each spouse.

Helping you draft a will that meets your goals and needs

Thinking about the future is not always easy for residents in Washington. It can even be more challenging to think about what will happen after your death. However, estate planning is often an essential step, and a will is a vital tool when it comes to directing the distribution of your property and assets after your death.

Whether you are young or old, healthy or ill, it is never too early to consider the benefits a will could offer an individual or a couple. At Jennifer C. Rydberg, Attorney at Law, our experienced legal team is devoted to helping Kent and Seattle area residents initiate the often difficult process of planning for you or a family member's death.

Start the new year by getting legal affairs organized

Many people in the Kent area know how important estate planning is and many have even created one. This is a wonderful way to make sure an estate is passed to the next generation with few problems. But it is also important to make sure an estate plan is organized.

When a person passes away, often the family has no idea how many bank accounts, retirement accounts and financial accounts the deceased may have. They may have an idea that their loved one had a bank account and owned some property, but the details may not be clear. This can make it complicated, frustrating the family left behind. An amazing gift to loved ones can be an organized start to the new year.

Young families should find estate plans important

Having a baby is one of the best events a family can experience together. Kent area residents extensively plan for the upcoming new arrival through baby showers, nursery planning and attending birthing classes. But one important preparation is often missed by new parents and that is creating an estate plan for a vulnerable child.

Although no one wants to consider the unimaginable, an estate plan is critical in making sure children are protected. An estate plan usually includes several documents and can include what happens to a person's assets upon their death and what happens to their children.

Blended families need an estate plan

Almost all families in the Kent area can benefit from estate planning. Estate plans are important in making sure a family's assets are distributed appropriately and that the person's wishes are followed after their death. An estate plan can be especially important for a blended family.

Blended families are common among the Kent area. When a couple gets married again, they often have their own children they bring to the marriage. This makes beneficiary designations important. A person should update their beneficiary designations so that they are up-to-date with their current family arrangement and wishes.

The end of the year is a good time for charitable giving

Many Kent area residents are generous to local and national nonprofit organizations. Charitable giving can be an important part of estate planning as well. As 2016 draws to a close, charitable giving should be on the minds of many.

Charitable giving is often an integral part of estate planning. In addition, those who are looking for end-of-year tax advantages often look at charitable giving. Not just monetary donations are deductible. Clothing, household items, cars and other similar items can all be charitable donations.

We can help you protect your end-of-life wishes

Previously, this estate planning blog discussed several important documents that all Washington residents should have in place in order to protect their long term care interests. From living wills to powers of attorney, there can be a lot of forms a person should create in order to protect his or her long-term health needs. While some individuals may be comfortable letting others make these decisions for them in the event they cannot do so on their own, others may prefer to proactively put into words their wishes so that they may be consulted in the event that they are not capable of speaking for themselves.

Jennifer C. Rydberg, attorney at law, works directly with individuals who wish to prepare these and other long term care planning documents as well as other estate planning devices. Long term care planning and estate planning go hand in hand as both allow preparers to make their wishes known for the important decisions that may need to be made when the ends of their lives might be near.

Important estate planning documents everyone should have

When many Kent area residents think about estate planning, they often think it's about creating wills. While wills are important and major documents, there are many other health care directives that are included in an estate plan. We have highlighted a few medical condition documents in the following paragraphs.

There are many cases where a person suffers from a medical condition where they are not able to make medical decisions on their own. The first document a person needs in the event of this happening to them is a power of attorney. A power of attorney gives someone else the ability to act on your behalf in case a person become incapacitated. There can be a medical power of attorney and a financial power of attorney.

Do you have people you wish to exclude from your estate plan?

 

Estate planning for Kent area residents varies significantly depending on each family. Every family has different wants and desires when it comes to their assets. Many times there is at least one person that a person creating an estate plan would like to leave out.

Thanksgiving and estate planning go hand in hand

As Kent area residents gather together this week to celebrate Thanksgiving, this time of the year is also a good time to have hard conversations. One topic that can be hard to discuss is estate planning. But having these conversations with aging parents is important.

Discussing estate plans with aging relatives is important; however, children should know whether or not their parents have an estate plan in place. Often, parents keep these matters private, but if circumstances arise that require estate planning needs, children should know what has already been decided. Thanksgiving often pulls families together from all over the country, so it's a good time to get together and discuss these important matters.

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