Do you know what would happen to your children if you and any other guardians passed away suddenly? Having a plan is essential and it’s never too early to begin estate planning in Federal Way. No matter how old you are, taking time now to establish a plan at a local law firm will help protect your children. As you prepare for your consultation, ask yourself the following questions.
1. Who do you want to take care of your children in your absence?
The first step is establishing who you want to care for your children in your absence. An estate planning lawyer can help you name guardians for your children in a will or trust. Ideally, you should notify the person(s) in question prior to finalizing any paperwork.
2. How will your children receive your estate assets?
Estate planning allows you to designate distribution guidelines for your assets so there is no confusion after you’re gone. Without this, it’s possible your children will have limited access to funds or that some assets will be distributed without condition.
3. Who is best suited to administer your estate?
Your estate planning attorney can also help you designate someone to manage your assets. This person must be at least 18 years old and will be responsible for liquidating and distributing your money and belongings.
Ready to Discuss Options about Estate Planning with Children near Federal Way?
Are you ready to discuss options with a Federal Way estate planning attorney? It’s never too early to get your affairs in order. Trust the team at Jeffrey S. Floyd & Associates, PLLC in Kent to provide the guidance and assistance you need. With years of experience, we have the knowledge and skills to answer all your questions. You can also count on our experienced attorneys for assistance with personal injury and family law.
Attorneys Experienced in Estate Planning with Children Serving Federal Way
Serving South King & Pierce Counties, including Kent, Auburn, Federal Way, Puyallup, Des Moines, Covington, Tacoma and Bonney Lake