DAL Law Firm Estate Planning for Parents with Minor Children
DAL Law Firm emphasizes the need for estate planning among parents with minor children to prevent costly mistakes. Naming a minor child as a beneficiary on financial assets can lead to guardianship proceedings in Washington State, which are expensive and time-consuming. This legal process remains until the child turns 18, often leaving parents concerned about their child's financial management at that age. The firm suggests two solutions: a will with a trust for minors or a revocable living trust, allowing parents to dictate how and when their children receive their inheritance. Contacting the firm for a consultation can ensure that parents have a tailored estate plan that protects their children's interests.
Establishing a proper estate plan not only secures the inheritance but also provides peace of mind for parents. DAL Law Firm operates out of Normandy Park, serving various cities in King County. Their expertise in estate planning can help families avoid common pitfalls.