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    Home ::: Washington ::: Port Townsend ::: Estate Planning - Administration

    Estate Planning - Administration in Port Townsend


    Below is a list of businesses listed within our directory. If you do not see your business within the list below, you can submit it for addition to this list. Adding your business will feature your listing above Standard listings.
       
    Standard Listings

    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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