Estate planning is one of the most important legal things a Kent-area family can do. When a person takes the time to create an estate plan they are leaving a gift for the family when the individual passes away. Because of this planning ahead, the family will know their loved one's wishes, and their assets will be protected.
Estate planning is sometimes the last thing Kent residents think about. After all, who wants to think about their death? It definitely is not a popular topic, but it is incredibly important. What happens to a person's lifetime of savings in the event of an individual's death is something that should be thoroughly and frequently analyzed. Philip Seymour Hoffman's estate planning is an example of how mistakes can be made.
Many people in the Kent area have not completed an estate plan. This is common among many families for various reasons, but for almost everyone, there are benefits to having an estate plan. So what are some common myths about estate planning?
Many Washington residents choose to set up a trust as part of their estate plan, so that their heirs have financial security after the grantor passes away. However, some of the most dependent and beloved members of a person's family are the person's pets. Therefore, it is also important to make sure one's pets are taken care of by setting up a pet trust.
Many aspects of estate planning include how to pass your property onto your loved ones, whether it is through a will, a trust or other means. However, pet owners may also want to consider creating a pet trust in accordance with Washington's laws on trusts for the care and well-being of their beloved animal.
Tax laws may change and complicate estate planning. However, this planning remains important and should not be delayed by a federal tax debate in Congress.
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.
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.
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.
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.