Estate Planning FAQ
Answers to the Most Commonly Asked Questions
If you are thinking of getting started on creating an estate plan, you probably also have a lot of questions about the process and what to include. At Jerimy Kirschner & Associates, PLLC in Bellevue, we want to ensure our clients have all the essential information they need to make the best choices for their future, so we compiled a list of the most frequently asked questions regarding estate planning.
Call our law office today at (206) 203-8802 to learn more about estate planning and how this important tool can be used to protect your loved ones.
Here are the answers to the most asked questions about estate planning:
Who needs an estate plan?
It is a common misconception that only wealthy individuals need an estate plan. The fact is that anyone, regardless of their assets or the size of their estate, can benefit from creating an estate plan. Your estate plan will allow you to designate beneficiaries and someone to manage your assets on your behalf if you become incapacitated. Without a plan in place, such decisions will be left up to a judge.
What should I include in my estate plan?
There is more to creating an estate plan than simply setting up a will and trust. Some of the other important tools you should include in your estate plan include a Durable Power of Attorney, a Healthcare Power of Attorney, beneficiary designations, guardianship designations, and a letter of intent.
Can I revoke or change my will?
The needs you had when you first created your will may not remain the same, so it is a good idea to review your will to ensure it reflects your current needs and goals. A good time to review your will would be before or after a major life event, such as a marriage, divorce, or the birth of a child. If you decide to make minor changes, you can create a codicil, or an addition, to your will. If you are making major changes, you can revoke it, rendering it ineffective, so you can create a new one.
If I already have a living trust, will I still need a will?
Yes, generally, you will still need a will even if you have a living trust. A will affects assets that are not in your living trust and are titled in your name at the time of your death. Moreover, you can also nominate guardians for minor children in a will.
What would happen if I were to die without an estate plan?
If you die without an estate plan, the state will determine what will happen to your assets and distribute them among your family members. The results may not be what you would have wished for, so it is important not to put off creating an estate plan to ensure your assets are handled as you would have envisioned it and not passed down to a long-estranged family member.
Get Started on Creating Your Estate Plan by Reaching Out to Our Legal Team Today!
At Jerimy Kirschner & Associates, PLLC in Bellevue, our experienced team can guide you through the process of creating an effective estate plan that meets your needs and goals.
Reach out to our law office today at (206) 203-8802 to schedule a free initial consultation!
Experience was pretty seamless.- Manoj j.
Jerimy Kirschner's firm is beyond professional.- Dao T.
Jerimy Kirshner is a great attorney that will be able to help you with all your legal needs...- Omar M.
Jerimy Kirschner exceeded my every expectation in the handling my last will and testament.- Karen P.
His knowledge and tenacity in client representation are superior.- Clifford
Over $9,000,000 in Company Assets Recovered Ben Ichiyasu Family Trust v. Maria Luz Mairgomen
After trial in Federal Court, Mr. Kirschner was successful in regaining control of the entities for his client and also obtaining completed denial of the former CEO’s discharge under Section 727.
Home Returned to Rightful Owner Charlotte Louise Bentley v. Estate of Lacy Elaine Willequer
The action was brought after guardians of the elderly and disabled Charlotte Bentley discovered that her home had been transferred away to an estranged family member. Mr. Kirschner was able to successfully and quickly obtain the return of her home without trial.
$1,570,145.36 Howard Family Trust v. Gloyd Green, et. al. Federal Bankruptcy Court Action
After several years of hotly contested litigation and several appeals, Mr. Kirschner obtained a judgment for $1,570,145.36 in favor of his clients after a multiday trial in Federal Bankruptcy Court.
Justice Sought for Vulnerable Individual In the Matter of the Guardianship of Giulian Grasso
Mr. Kirschner and his co-counsel were successful in uncovering exploitation and misuse of the ward’s funds by the ward’s father which resulted in the father being charged and sentenced for exploitation of a vulnerable person.
Award Obtained for Client John Lynch and Kellie Fuhr Family Trust, et, al. v. Tyche Entertainment, LLC
Mr. Kirschner brought a successful suit by members of the LLC to have a receiver appointed over Tyche Entertainment, LLC and dissolution. At trial, Mr. Kirschner was successful in showing over one million dollars in improper transfer to managers and obtained an award for his client.
Successfully Defeated Claims of Trespass Kimberly Zeren v. James Carlson
This matter arose from a dispute between adjacent landowners over landlocked property and allegations of timber trespass. At trial, Mr. Kirschner was successful in defeating claims for timber trespass and prevailed on claims for an easement by necessity.
Judgment Successfully Overturned Millennium Drilling Company v. Beverly Myers, et. al.
Mr. Kirschner and the appellate team were successful in overturning the judgment rendered by the jury and having a judgment entered in his client’s favor.
Practicing Law since 2010 and earned his Juris Doctor at the University of Nevada-Las Vegas William S. Boyd School of Law.
We have close offices in King and Pierce Counties in Washington and Clark County in Nevada— the convenience of close proximity to your attorney is key. We make it simple.
Washington, Nevada, the United States District Courts for Washington, and the United States Court of Appeals for the Ninth Circuit.
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