ESTATE PLANNING SERVICES

Estate planning is all about putting your affairs in order to ensure your valuable assets are protected in the event of a death. Estate planning is particularly important if you have minor children, as guardianship is established through a last will and testament.

At McIlrath|Eck, we will in simple terms explain to you how  several estate planning strategies exist and work closely with you to see which strategy best fits your unique needs and personal circumstances. These estate planning strategies will vary based on estate value, types of assets, and whether the estate will pass through probate or be protected by a trust. At minimum, it is wise to execute a legal Will, healthcare proxy, and durable power of attorney.

Drafting a Last Will and Testament is not difficult, but it does require careful thought.  It is always in your best interest to have a Last Will and Testament as it protects you and your loved ones.   Your Will can provide directives on funeral arrangements, guardianship, and distribution of inheritance property. It can also be used to disinherit direct lineage heirs.  Ultimately, a Last Will and Testament provides clarity and direction during a difficult emotional time. 

McIlrath|Eck financial advisors recommend that you update and change your Will periodically. An estate administrator is designated within the Will. This person is typically a spouse, adult child, family member, close friend, probate lawyer, or estate planner. Estate administrators must be at least 18 years old and never convicted of a felony.  It is best to appoint someone who can make sound decisions under difficult circumstances and who is good with finances.

If you have any questions about estate planning or would like to get started, you are welcome to call or visit McIlrath & Eck and we would be happy to meet with you to discuss your personal situation!


McIlrath & Eck

3325 Smokey Point Drive, Suite #201
Arlington WA 98223

 

 

360-657-8600
Toll-free: 888-248-5077
fax: 360-657-1819

 

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