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Estate Planning Made Easy – Mobile

Estate Planning Made Easy: Powers of Attorney, Revocable Trusts, Wills, Health Care Directives


 

Here Are 5 Reasons Why We Are You Best Choice:

1. Experience: Over the past 25 years, I have helped over 900 clients with their estate planning needs. I am rated as “9.5 out of 10” by www.avvo.com which ranks us as “Superb” among all lawyers in the United States. We have worked hard for many years to achieve that level of excellence and we are very proud of our national rating.

2. Convenience: I am admitted to practice law in Arizona, Oregon and Washington. I have office locations in all 3 states. I offer you the option to meet with me in person OR we can handle everything over the telephone so that you never need to leave your house in order to get this done. 

3. Great Customer Service: Our clients love working with us. Please look at our Customer Reviews page.

4. The Initial Consultation is FREE! Therefore, it costs you nothing to find out your options and you can do it from the convenience of  your home.

5. We provide you with a lot of free information and videos so that you can learn about Peace of Mind Estate Planning. Watch the Short Videos below for additional Free Information about the Peace of Mind Planning we provide.

 

At the Law Offices of Christopher A. Benson, we take care of preparation of all the legal documents you need for Peace of Mind. Usually, all that is needed is a 30 to 45 minute consultation with you in person to discuss your current situation, your concerns and goals. During the initial appointment, we set up a time to get everything prepared for you.

 

Normally, all of your documents are ready and complete about a week later.

You can click this link to send Chris a question.

(253) 815-6940 x701


Description- A revocable living trust is a contract that you make with yourself. Typically, you serve in 3 different roles: 1. The Settlor/Trustor: that is the person that creates the trust. 2. The Trustee: That is the person that manages the trust assets; and 3. The Beneficiary: That is the people that entitled to receive gifts or distributions from the trust owned assets.

You control the trust and you have the benefit of the trust owned assets while your are alive.


A trust is actually quite simple. Essentially, you can put everything you own into a trust (with some limited exceptions like retirement plans such as IRA’s and 401K plans). In the case of a living trust, you will typically name yourself as trustee and name the heirs or beneficiaries of your choosing as the successor trustee. Upon your death, the successor trustee can distribute the property as you specified in the trust without the need to go through the probate process.

For example: John Doe owns a house and a car. John Doe creates a living trust and transfers ownership of the house and car into the trust during his life. The house and car are then owned by the John Doe Trust and John Doe is the trustee. John Doe has one daughter, Jane Doe, who he names as the successor trustee. Upon John Doe’s death, Jane Doe takes over as the successor trustee and distributes the house and the car to herself as John Doe directed in the trust.

Advantages-
The Law Offices of Christopher A. Benson takes care of preparation of a complete plan for you that is effective now and takes care of issues that may come up during your life as well in the event of your passing. A trust is simple to set up and we take care of preparing all the documents for your to create the trust and put a Peace of Mind Planning package together for you. A revocable living trust is cheaper in the long run because it can completely avoid the need for the probate process (assuming all creditors are known). In addition, trusts are very difficult to contest and prevent unintentional disinheriting along with other problems associated with joint ownership. If you own property in a different state, a living trust eliminates the need for probate in that state.

A living trust can be instantly transferred to another trustee should anything happen to you (see example above). A living trust is private; it is confidential and is not displayed in public records. A living trust allows you to appoint someone to maintain the trust property for young beneficiaries and minors. There is no need to hire a lawyer again when you want to distribute your estate. Living trusts also provide significant tax benefits.

Disadvantages-
Setting up the trust requires a fair amount of initial paperwork. However, our firm handles all the documents to prepare it for you. The initial consultation only takes about 30 to 45 minutes for most people. We set your delivery time up for the final documents during your initial meeting and usually only takes us about a week to get everything done. Its simple and fast for you. Setting up the trust also requires a transfer of ownership for all property you want to have in the trust (called “funding”). This sometimes includes titles for real estate, financial accounts etc. However, our firm takes care of the preparation of the deed to transfer real estate and any personal property. We also provide you with direction for transferring title to financial accounts as well. The only real drawback to a trust is that there is no cut-off date for creditors to bring claims against your trust and that you cannot designate a guardian for any minors through a living trust (However, this can be done quite easily in a “pour-over” will that is added to your trust).

Joint Tenancy with Right of Survivorship

Description- Joint tenancy with right of survivorship is the co-ownership of property, either real or personal, between the decedent and another person. Upon the death of the decedent, the co-owner becomes the sole-owner.

Advantages- There is no need to use the probate process to transfer property held in a joint tenancy.

Disadvantages- Property held in a joint tenancy is considered a non-probate asset; however, joint tenancy property is subject to the claims of creditors. In addition, the heir who receives full ownership of property held in a joint tenancy may lose several tax advantages.

Power of Attorney

Description- A power of attorney is a grant by one person to another person to act in their place for a particular purpose. For example, a special power of attorney can be used if you want someone else to be able to sell your house because you will be unavailable to sign sale documents. A durable power of attorney can be much broader an grant another person the authority to maintain and manage your finances and make medical treatment decisions for you in the event that you are incapacitated.

Advantages- A power of attorney can be tailored to your specific needs and wants with regard to granting another person the authority to act on your behalf.

Disadvantages- A power of attorney alone is an insufficient method of estate planning because the grant of authority in a power of attorney ends with the death of the decedent.


Christopher A. Benson, Esq. Law Offices of Christopher A. Benson, PLLC
1814 South 324th Place, Suite B – Federal Way, WA 98003
(253) 815-6940 | Map | Reviews