Why Estate Planning Is So Important in Liberty Lake

estate planningThinking about the future is important. That’s why you should take estate planning and preparation in Liberty Lake seriously. Regardless of your income and property holdings, you should work with a lawyer to write a will, establish health care directives, and plan for your children’s’ futures. Putting these tasks off can have unfortunate and expensive repercussions for the loved ones you leave behind. Carefully consider these reasons for estate planning in mind. Then find a reliable law firm to assist you with your individual situation.

Ensures Assets Are Distributed Properly

Establishing wills and trusts is how individuals can ensure their assets are properly distributed after their passing. If you have money or specific items you wish to leave to the special people in your life, estate planning allows you to make these designations.

Protects Your Children

Do you have young children? If so, it’s important for you take steps to ensure they’re cared for if you’re suddenly unable to do so. A lawyer can help you establish a plan for your children, as well as designate who should care for them in the future.

Prevents Heirs from Overpaying Taxes

Estate planning also allows you to protect your loves ones from overpaying in federal and state taxes. Your lawyer can help you transfer your assets in a way that will limit the tax burden for your heirs.

Need Help with Estate Planning in Liberty Lake?

Now that you understand why estate planning in Liberty Lake is so important, it’s time to find a lawyer you can trust. For expert advice, contact Legacy Law Group in Spokane today. We also have expertise in business law and church law. Visit our website for more information and to view the many legal services we offer. Call (509) 260–9364 to schedule an appointment. We look forward to assisting you with your estate planning needs in Liberty Lake.

Estate Planning in Liberty Lake

Serving the communities of Spokane, Spokane Valley, Liberty Lake, Deer Park, Nine Mile Falls, Airway Heights, Cheney, and Mead