Spokane Estate Attorney
There are many subjects that fall under the umbrella of estate planning. Effective planning not only addresses your assets like property and investments, but may also consider your personal choices if you are in a condition which makes it impossible to make important decisions regarding your health and finances.
Estate Planning – Spokane Estate Attorney
- At the Whipple Law Group, we are dedicated to helping you protect, preserve, and grow your estate assets through comprehensive planning
- Estate Planning is Life Planning, and as your life changes, so should your plan
- Your estate attorney can help with drafting trusts, wills, power of attorney, and business formation and preservation to protect your estate and your loved ones
- We can also assist you with health care directives and living wills, so that your life reflects your individual principles and spiritual beliefs
- Contact a qualified Spokane estate attorney from the Whipple Law Group today
Get Help with Your Estate from Our Professional Law Firm
From creating a will to developing a trust, an estate attorney from the Whipple Law Group can help you create a plan that perfectly reflects your wishes, not only protecting your interests but the interests of those you care about.
What is Estate Planning?
Let a Spokane estate attorney from the Whipple Law Group explain:
In legal circles, an estate equals assets. In other words, your estate is, basically, your money and your stuff!
Estate assets can include real estate, vehicles, stocks, bonds, a savings account, an insurance policy benefit, retirement, and more. Interest in a lawsuit is an asset. Future earning potential, sweat equity in a business, building or, even, a marriage can all be considered in valuing your “estate.”
Be More and Live More with Effective Estate Planning
The Whipple Law Group is dedicated to helping our clients protect, preserve and grow their estate assets. In addition, we assist our clients in determining how and when they want to have assets available to them throughout their life.
Proper estate planning does not need to be expensive. At the Whipple Law Group our steadfast opinion is that effective planning is critical. To that end, we provide a variety of interrelated estate planning services, designed to meet each of our individual client’s needs, at an affordable price. Please call us today to set up a no-charge appointment, and speak with a Spokane estate attorney to find out how we can help you plan for your future.
Dream Large While Looking Long Term
Too often, ‘estate planners’ focus on end of life issues. At the Whipple Law Group, we consider this shortsighted.
Estate planning is life planning.
Estate planning should meet you where you are and work to get you where you want to be. Our clients have constantly changing priorities and goals throughout the course of their life. Decisions related to estate planning must change as life does. Effective estate planning anticipates these changes.
For example, when you are 18 you might be thinking about your first real job and a buying a nice car.
Later in life, you may begin to think about getting married, your wedding day and buying a house.
Different priorities, different income streams, call for different strategies.
Later, issues such as financing the costs of children approaching college age, special needs children, bigger toys, investment properties, and helping out parents all work to change perceptions, alter priorities and require different estate planning scenarios.
Spokane Estate Lawyer
At each stage of your life, we help you sort through the issues in your life and assist you in planning to achieve your dreams and goals. We work in concert with financial planners, accountants, and agents, putting together a custom team of professionals focused on accomplishing the objectives you have decided are important to you.
The Whipple Law Group creates the legal vehicles designed to get you where you want to go, efficiently and effectively.
There are a Number of Ways a Spokane Estate Attorney Can Help You
Some of the estate-related products we help you develop include:
- Trusts – these are legal instruments that allow you to protect the assets you have now while planning for how these may be transferred to your loved ones in the future.
- Business Formation and Preservation, including family farms – an often overlooked avenue to preserve and protect assets is through the incorporation of a business. We assist our clients to draft formation documents that are flexible enough to suit their objectives but strong enough to ensure implementation of the goals as these are intended.
- Wills – Writing a valid Will is the one of the most caring things you will ever do for your loved ones. At the Whipple Law Group, we sensitively assist our clients in thinking through choices and helping to define their wishes. Your estate attorney will then formalize these decisions into a robust planning document that will convey our clients’ wishes beyond their passing.
- DPOA – A current Durable Power of Attorney (“DPOA”) is vital to have on hand in the event you become sick. If you are in the hospital and unconscious, who will pay the mortgage, the bills, feed your pets and make your important medical decisions? You can and should choose who that person or persons are to be. The DPOA document grants authority to act on your behalf only in the event it is needed. However, you must draft your DPOA before it is needed or else it is often too late. Call us today to have this important document prepared as soon as possible.
- Health Care Directives/Living Wills – Another vital component of your suite of estate planning documents is your Health Care Directives. These simply state what your wishes are in terms of life prolonging measures to be implemented in an end of life situation. An estate attorney from the Whipple Law Group will help you explore these issues, empathically assisting you to reach the decisions best suited to you and reflective of your individual principles and spiritual beliefs.
Another important benefit presented by having your Living Will completed, is that it relieves your loved ones from trying to decide what you would have preferred. At the Whipple Law Group, we have seen many unfortunate arguments avoided because of the availability of a current Health Care Directive. Please do not hesitate to call our qualified Spokane estate lawyers today to have your estate planning documents updated.
- Special Needs Trusts – These legal documents, also called, Supplemental Needs Trusts (“SNT”) are specialized vehicles the Whipple Law Group provides for the benefit of persons who have a disability. A SNT ‘holds’ funds for the benefit of the individual with a mental or physical disability. The SNT allows the individual to continue to maintain eligibility and receive benefits from needs based government programs.
At the Whipple Law Group, we assist clients in determining the ‘best fit’ in terms of the trust and the benefitting individual. We also discuss the need to appoint a trustee and decide how best to determine ‘successor’ trustees.
- Spendthrift Trusts – Our clients are intelligent, caring, responsible individuals working hard to earn assets and grow their estates. They want to provide a satisfying quality of life for themselves and for their family. The very last thing they want is to have the gifts they leave their children to cause harm.
A spendthrift trust allows the parents to decide specifically where, when and how they want the assets they leave to be made available to their heirs. At the Whipple Law Group, we talk with our clients about each of their children individually. We discuss options including restricting trust benefits for special purposes like schooling, making distributions over time rather than in a lump sum, and how to protect family assets from being taken by persons outside the family. Prudent decision making now can serve to provide love and support to your family long after you pass. Let an estate attorney from the Whipple Law Group help you ensure your legacy accomplishes the goals and desires you intend.
- Firearm Trusts – Increasingly, complicated firearms laws can cause families to lose priceless heirlooms and collector pieces that have been a part of the family for years. We assist our clients to avoid the pitfalls of federal and state testacy and inheritance laws that lead to such unfortunate, irreparable consequences. We simply and effectively help our clients construct the legal mechanisms necessary to keep your legacy firearms in trust for your family and future generations.
Contact one of our Spokane estate attorneys today and get started.