Estate planning, which involves making legal arrangements for a person’s assets, is not only for the very wealthy or the very old. The updated services at Tate Law Offices make estate planning tools available to everyone to protect their assets and prepare for the future.
More information is available at https://tate-lawoffices.com
Many people find estate planning to be an uncomfortable topic, but when someone passes without an estate plan, the courts decide what happens to the person’s assets. Family disputes that end up in court can be very expensive. Making an estate plan can bypass expensive court proceedings and ensure that assets go to intended beneficiaries.
According to a recent survey from senior living referral service Caring.com, only about 33% of Americans have a plan in place, meaning 67% are leaving decisions to others, perhaps the state.
As explained on the website, legal documents in an estate plan include a will that delineates a person’s instructions about the distribution of assets upon their death and a medical directive that expresses the person’s wishes about the measures to be taken if they become terminally ill or unconscious.
The estate plan provides a way for a person to give a power of attorney to an individual to legally act on their behalf and to name a trustee who will administer assets to beneficiaries.
The team of legal professionals at Tate Law Offices, PLLC, stays up to date on changing federal and state laws and develops well-crafted estate plans that meet the client’s current and future goals. The law offices serve clients throughout Spokane County and the surrounding areas.
The location of Tate Law Offices can be seen at https://g.page/tate-law-offices-pllc?share
Individuals who want to understand why an estate plan is important for them can request a complimentary consultation by calling the office or filling out the online contact form on the website.
“Planning for long-term care is important because nearly everyone will require it at some point in their lives. While we cannot predict the timing or level of care, we can take steps to prepare for an unexpected medical and financial crisis to help reduce the stress on ourselves and our family members,” the company explained on its website.
Interested parties can find more information at https://tate-lawoffices.com
Tate Law Offices, PLLC
23403 E Mission Ave
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Exact Observer journalist was involved in the writing and production of this article.