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Estate Plan Drafting In the case of a will or trust, they define how your estate will be managed and distributed after your death. In Washington, the cost for comprehensive estate plan drafting can range from $600 to $4,250 or more, depending on the complexity of your estate and the attorney's experience.
There are certain documents you'll need as part of the estate planning process. Some of the most common ones include wills, powers of attorney (POAs), guardianship designations, and living wills.
We use the term ?basic estate plan? on this website to mean an estate plan made up of some or all of the following documents: a simple will, a durable power of attorney for financial matters, a durable power of attorney for health care, and a health care directive.
Washington State Estate Planning Basics: If you die in Washington State without completing your will, the state will appoint an administrator to allocate your estate (your assets) ing to Washington State succession laws. These laws give control of your assets to your ?closest? living family or relatives.
The Estate Planning Must-Haves. Wills and Trusts. Durable Power of Attorney. Beneficiary Designations. Letter of Intent. Healthcare Power of Attorney. Guardianship Designations. Estate Planning FAQs.
Washington State law DOES NOT REQUIRE Probate. Probate is discretionary. Practically speaking only a small percent of deaths in Washington result in a Probate being filed.
4 essential estate planning documents A will distributes assets upon death. A power of attorney manages finances. Advance care directives manage your health. A living trust is an alternative to a last will.
5 Steps to Organize Estate Documents for Your Executor 5 Steps to Organize. ... Step 1: Create a checklist of important documents (and their locations) ... Step 2: List the names and contact information of key associates. ... Step 3: Catalog your digital asset inventory. ... Step 4: Ensure all documents are organized and accessible.