Estate Planning - Administration in Port Townsend, Washington - Estate Planning - Administration in Port Townsend, WA - Yellow Pages Directory Inc.
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Estate Planning - Administration in Port Townsend


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Business Listing   Harris- Mericle & Wakayama- P.L.L.C. - Port Townsend, WA - Phone: (360) 379-9377


Business Listing   Holloway Harry III Attorney at Law - Port Townsend, WA - Phone: (360) 385-1400


Business Listing   Platt Irwin Taylor - Port Townsend, WA - Phone: (360) 385-4399


Business Listing   Smith & O'Hare PS Inc - Port Townsend, WA - Phone: (360) 385-4575


   
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Helpful Definition for: Estate Planning - Administration


Estate planning in Port Townsend is the attempt of eliminating confusions over the administration of a probate, optimizing the value of estate and arranging for its safe disposal. It is basically the process of transferring or distributing the assets, including the real & personal properties of the owner to the legal heirs in case of disability or death.

Beneficiary designations, trusts, property ownership, powers of appointment, gift, powers of attorney, living will, partition & specific final arrangements such as whether to be buried or cremated, etc., constitute the major devices of estate planning during lifetime. For post-death estate planning- will, succession & life insurance are the effective tools.

The main objectives of estate planning in Port Townsend are- tax-effective transfer of asset to beneficiaries, pre-decided time of distribution, selection of guardian, trustee or the executor and business succession.

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