Hey Procrastinators! Did you know August is Estate Planning Month? Yeah, it’s Will month. Time to stop the procrastination and get your estate planning in order.
I hear so many times, “Well, Washington is a community property state; when I die, it all goes to my spouse.” This is true about Washington State; however, did you know that it may be necessary for your spouse to probate your portion of your combined estate without a basic tool in your estate planning bucket? A signed Community Property Supervisorship agreement.
While you are at it, do your family a favor and call an estate law attorney for an appointment to complete your estate planning. We should all have the appropriate Will for our circumstances, a Power of Attorney for finances and health care, a Directive to Physicians, and a Medical Release. By the way, did you know the person you name in your POA who acts for you while you are incapacitated is called your Attorney-in-Fact. Yup, the document is the Power of Attorney, the person is the Attorney-in-Fact.
Please, for your family’s sake, make that call to your local estate planning attorney to get the ball rolling. After all, August is right around the corner.
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