Everett Wills, Trusts & Estate Planning Lawyer
Are you thinking of planning for your family's future by developing your will or starting an estate plan? An experienced attorney can help you consider your options and come up with a plan that works for you. At the Everett offices of Tom Kruse, Attorney at Law, we have been helping families throughout Snohomish County with their wills, trusts, powers of attorney and estate planning for over 24 years.
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Everyone deserves a will that reflects their personal situation. It tells your heirs where you want your assets to go, eliminates disputes, and dramatically reduces the cost of probate and taxes. Most importantly, it does not have to come at a high price to you. Taking you through the entire estate planning process, we will help you understand your options for wills, trusts and powers of attorney:
- Wills: While many of our clients want help drafting and reviewing simple wills, we are also able to draft more complex wills in order to meet the specific needs of your family. A properly drawn will can help reduce disputes, taxes, attorney time and costs. Wills can also make sure that your estate gest to those heirs as you wish.
- Trusts: From credit shelter and marital deduction trusts, to revocable and special needs trusts, you have a lot of options. If your estate amounts to over two million dollars, you can save your heirs considerable taxes and protect the estate and creditors and indiscretions by creating an appropriate trust. We will help you decide if there is a trust out there to benefit your family.
- Powers of Attorney: If you are elderly or have elderly loved ones, a power of attorney can give you the right and power to take care of and handle important medical decisions and take care of financial decisions and business if you or your loved one is unable to do so. Medical powers of attorney are often necessary if a loved one is unable to make important medical decisions that doctors and hospitals require. A financial power of attorney allows an individual to give another person the right and power to handle financial matters on their behalf.
Credit Shelter and Marital Deduction Trusts
Anyone who has an estate of over two million dollars should consider a credit shelter trust or a marital deduction trust. Under current estate and tax law, someone can pass on their entire estate to their spouse. However, if you give more than two million dollars of assets, your estate may be heavily taxed, greatly reducing your gift. Creating the right trust can maximize your gift and help you properly distribute your assets to your family in a way that it will be protected and face less or no taxes.
Coming up with the right wills and trusts is the best way to plan for the financial future of your family. Located near the Snohomish County Courthouse in Everett, we are ready to help you understand your options. We are open Monday through Thursday from 8 to 5, and Fridays from 8 to 12. Contact us today for a free initial phone consultation.