Spokane Law Firm Opens To Provide Estate Planning Services And More

November 26, 2020 at 00:05

Estate planning lawyer Katharine Tate has opened her new law firm, Tate Law Offices, in Liberty Lake, WA, to offer her services to people in Spokane County looking for an estate plan or want an advocate for an elderly parent. She wants to point out that having an estate plan is not just for people who are wealthy. An estate plan may be useful for people who have a family, own a home, own property, are in a second marriage, own a business, are turning 18, or simply want to reduce their taxes and make their retirement easier. The elements of an estate plan include: a medical directive or living will, a living trust, a power of attorney, and a last will and testament.

Katharine Tate says, “Nobody wants to think about having an estate plan for one simple reason: it is a plan for what happens when you die or become incapacitated. But think about this - do you want to leave your family guessing about your final wishes or what kind of medical care you want should you become disabled? Do you want your assets going to the wrong people? Do you want to pay unnecessary taxes? Do you want the courts deciding how and to whom your assets will be distributed?”

Katharine Tate says, “Nobody wants to think about having an estate plan for one simple reason: it is a plan for what happens when you die or become incapacitated. But think about this - do you want to leave your family guessing about your final wishes or what kind of medical care you want should you become disabled? Do you want your assets going to the wrong people? Do you want to pay unnecessary taxes? Do you want the courts deciding how and to whom your assets will be distributed?”

And because estate planning requires legal documents, it is necessary for residents of Spokane County to find a reliable lawyer who is an expert in this particular field, particularly in the State of Washington. Katharine Tate offers such a service, having focused on estate planning and related fields and having kept up-to-date on state and federal developments that have a significant impact on the estate plan, especially those that have to do with estate taxes.

As an estate planning attorney, Katharine Tate can provide help to clients in several issues. These include: minimizing their taxes; ensuring that their assets are protected; ensuring that they have the best legal instrument for their particular situation; protecting their family; and periodically making changes to their estate plan to take into account changes in circumstances and in the laws.

One of the key elements to any estate plan is the last will and testament. This is the most basic component of the estate plan as it indicates the person’s wishes with regards to the distribution of property owned after passing away. Another important element is the medical directive or living will. This is a legal document that details the wishes of a person with regards to whether life-sustaining or “heroic” medical care is to be provided in case the person is terminally ill or permanently unconscious.

Another important document that is part of the estate plan is the power of attorney. This bestows legal authority to a particular person to act on behalf of the one who issued the power of attorney. A Durable Power of Attorney provides the chosen person the authority to manage property and make decisions regarding health care if the one who issued the power of attorney is incapacitated.

And finally, a trust is also important in that it designates a person, known as the trustee, to administer the assets or property for the benefit of one or more beneficiaries. The one who issues the trust can specify certain conditions with regards to the distribution of the assets after passing away. This may also help in reducing taxes and protecting the assets against creditors or lawsuits.

Those who are interested in learning more about the estate planning services offered by Tate Law Offices might want to check out the firm’s website or contact them on the phone or through email. They are open Monday to Friday, from 9:00 am to 5:00 pm.

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For more information about Tate Law, contact the company here:

Tate Law
Katharine Tate
(509) 994-1599
ktate@tate-lawoffices.comWhether you are looking for an estate plan or want an advocate for an elderly parent, we approach your situation with compassion, creativity, and an eye towards the best solution for you and your family.
23403 E Mission Ave Suite 200B, Liberty Lake, WA 99019

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