Estate Planning Attorneys Serving Gig Harbor
Whether your estate is modest or large, an estate planning attorney at Morton McGoldrick can work with you to create a personalized estate plan that is consistent with your needs and wishes and that will insure the security of your estate.
Personalized Estate Planning by a Gig Harbor Estate Planning Attorney
Morton McGoldrick’s estate planning attorneys work with their Gig Harbor clients to create suitable plans for the distribution of their estates after death and for the continuation of family businesses. This planning involves the law of property, wills, probate, trusts, marriage and state and federal taxation. We prepare documents that maintain as much flexibility as possible and provide opportunities for later tax planning. Flexibility is critical given the frequent and often complex changes made to our tax laws.
When you need a Gig Harbor estate planning attorney, the team at Morton McGoldrick has the experience and expertise to address your needs. In addition to preparing Wills, we can also create revocable living trusts, charitable remainder trusts, irrevocable life insurance trusts, and personal residence trusts to implement lifetime estate planning goals and eliminate or reduce federal and state estate taxes. Optimal tax planning may also include the rearrangement of property ownership within a family unit, by gift or other means. Mutli-generational planning my also provide additional benefits. The following are some examples of the estate planning documents we prepare.
- Wills (Simple to Complex)
- Powers of Attorney for Finances and Health Care
- Health Care Directives (Living Wills)
- Community Property Agreements
- Prenuptial and Postnuptial Agreements
- Limited Liability Companies
- Will Creation
Creating a Will can be complicated but we have helped many of our Gig Harbor clients simplify the process. An estate planning attorney at Morton McGoldrick can help you create and properly complete a Will. A Will directs how your property should be distributed after you die and identifies who should be in charge of that distribution (in Washington, that person is called your personal representative). If you have minor children, a Will may also identify who you want to take care of your children (and any property you leave your children) if you die when they are still minors. Having a well-drawn, properly executed Will can ensure that your wishes will be followed and may also prevent a contest between your heirs. Such contests are not uncommon, especially if the Will is not properly signed and witnessed. An estate planning attorney at Morton McGoldrick can help you decide how your Will should direct distribution of your property in light of the size of your estate and the age and well-being of your spouse, children, grandchildren or other heirs. The distribution may involve setting up trusts in your Will, structuring the timing of distributions to your heirs, and taking steps to mitigate estate taxes. An estate planning attorney at Morton McGoldrick can also help you identify who should be in charge of your estate and who might act as guardian of your minor children, if necessary, on your death.
Power of Attorney and Living Will Creation
What would happen if you were no longer capable of making decisions about and managing your finances and your health care? An estate planning attorney at Morton McGoldrick can help you plan for this possibility by helping you create personalized powers of attorney and a living will (also known as a health care directive). A power of attorney allows you to authorize another person to act for you with regard to your finances and health care when you are unable to. A living will allows you to clearly state your wishes about what kind of life-sustaining treatments you do or do not want to receive at the end of your life if you are unable to communicate your wishes about such treatments at that time.
Additional Estate Planning Services
Attorneys at Morton McGoldrick can also aid you in planning for family succession planning that includes retirement planning, business succession planning, asset protection and entity formation. In some cases it can be beneficial to create a private family foundation in order to limit tax liabilities and tax related burdens on your heirs while maintaining compliance with all relevant federal, state, and local laws. Several attorneys at Morton McGoldrick have expertise and experience in litigating disputes that arise in the context of estates, trusts and wills. We regularly represent beneficiaries, trustees, and persons with claims against estate and trust assets, with particular attention toward championing the decedent’s intent.
Contact us to Begin Planning your Estate
It’s never too soon to begin estate planning. In the event of a premature death, good estate planning can ensure your loved ones receive the assets you wish them to have. It also eliminates uncertainties as to your final wishes. These actions allow family and friends to fully commit to the process of grief and healing. With the help of a Gig Harbor estate planning attorney at Morton McGoldrick, you can create legally binding estate planning documents that clearly spell out your desires.
Call us today at (253) 655-2275 for services from a Gig Harbor estate planning attorney at Morton McGoldrick.