Living Will and Trust for New Families

If you are entering into marriage or if you’ve recently welcomed a child into your family, you are likely aware that your life has become more complex, as other people depend on you now. While you celebrate your growing family, it’s important to make sure that you take the necessary steps to ensure that your loved ones will be safely protected, no matter what life brings.

At Legacy Law Group, we are committed to helping new families understand the value of putting a will and/or living trust in place, and we will make sure that you understand all of your estate planning options so that you can feel secure in knowing that the future remains bright for you and your loved ones.

Now Is the Time

Although it may seem early to concentrate on estate planning, there are several reasons why it is recommended to put these protections in place sooner rather than later. Remember, while we assume that estate planning documents will not be necessary until we are much older, there are tragic incidents that can strike, no matter how old we are. You don’t want to leave your spouse and young children in the hands of the court by not leaving a will behind. Similarly, you’ll want to explore the option of establishing a living trust, which can streamline the probate process, minimize taxes and fees, and allow you to maintain control over your financial assets. The knowledgeable estate planning attorneys at Legacy Law Group will work with you to understand your specific needs so that you can create a will and/or living trust that is tailored to address your unique circumstances and goals.

What Is a Living Will and Trust?

A living will and a living trust are two important documents that can be a part of your estate plan. They help give directions on how to handle your care and assets if you are not able to make those decisions yourself.

A living will is a document that lays out your wishes regarding any medical procedures you do or don’t want should your health become critical. This document only comes into play when you can’t voice your wishes yourself. To create this document, you’d work with an experienced Spokane living will lawyer. This attorney can also help you create a living trust, which is a legal entity that you create to hold and own your assets. These assets are usually invested and spent for the benefit of you and, eventually, your beneficiaries.

Learn More Today

No matter what your estate planning goals may be, our firm is here to help you understand your options and create a solid strategy for ensuring that you and your family are sufficiently protected, come what may. We especially enjoy working with new families, as we believe it is essential to put the necessary protections in place long before they are ever needed. When you work with us, you will receive personalized attention and customized estate planning services to keep your future bright. Reach out today to get started.