Everyone Deserves a Plan They Trust
It’s a common saying that the only two things certain in life are death and taxes. Estate planning is how our talented specialists at Post Falls Law can help you prepare for both. The process of distributing a loved one’s worldly possessions can be difficult, but it doesn’t have to be. Planning in advance is a loving gift to the next generation of your loved ones.
First, it is important to understand the different ways we can protect your assets and safeguard them for your beneficiaries. Wills and trusts both work to pass on your assets to those you love, but the nuances and tax consequences of both are vital to consider. Our wills and estates specialists at Post Falls Law can walk you through both options and help you choose which works best for your needs.
Besides building wills and trusts, Post Falls Law can also prepare documents to help in the event of incapacity or injury. Living wills and medical powers of attorney give you peace of mind by ensuring your chosen representative follows your wishes. Dealing with organizations like Medicare and Medicaid can add more difficulty to a situation when you or a loved one are sick or infirm, and we can help guide you through your choices and make the best ones for your family.
What Can We Do For You?
Wills are the most common and well-known way to leave your assets to your chosen beneficiaries.
There are a wide variety of trusts; you may have already heard of revocable trusts (also called living trusts) and irrevocable trusts. All share the same basic form: a trustee manages property for the benefit of a beneficiary or group of beneficiaries. We will help you understand and choose the trust that fits your situation best.
Probate is the process by which an estate is portioned between beneficiaries, whether those named by a will or designated by statute, if no will exists.
An often overlooked aspect of the estate planning process, it is critical to protect your assets so you can preserve them for your beneficiaries.