How many seniors in Spokane and the state as a whole are participating in estate planning?
There are several ways that your senior can go about planning their estate. Many opt to draw up their last will and testament, which allows them to share how they would like their property distributed after they’ve died. Another popular option is to create a trust that is also used to manage and distribute assets. Take a look at this IRS data, which outlines the number of people who have filed trust documents in Washington:
As of 2020, the number of seniors over the age of 65 who resided in Washington was just over 1.1 million. When compared to the number of people who filed trust documents in the state, it appears that a lower number of seniors than desired have taken part in this form of estate planning. If your loved one has yet to draw up their end-of-life documents, now’s the time to connect with a Spokane estate planning attorney who can draw up the right documents for their specific circumstance.
What should caregivers in Spokane know about the prevalence of advanced directives?
While wills and trusts focus on property and assets, an advanced directive is a legal document that allows patients to outline the medical decisions they would like to be made if they are in a position to no longer communicate them. Advanced directives are beneficial to adults at any age, but are especially important for aging adults. Here is an overview of the percentage of Americans with advanced directives:
Americans with advanced directives
For end-of-life care
For end-of-life care over age 65
For end-of-life care currently in a nursing home
The data shows that the majority of people who have advanced directives for end-of-life care are over the age of 65. This means that older adults want to take as big a role in their medical decisions as possible. If your aging loved one has not yet created an advanced directive, working with a reputable estate planning attorney in Spokane can get them on the right track.
How to choose the best estate planning attorney in Spokane
Hiring a specialist in estate planning can ensure your elderly loved one has the right documents created to manage their assets and medical decisions in a manner that aligns with their specific wishes. But how can you find a qualified Spokane estate planning attorney? You can start by asking around for recommendations from people you trust. Contact these attorneys and ask for references to check out.
Ask attorneys about their prices to see which ones charge fees your senior can afford. Ensure that the attorneys you’re considering offer estate planning services that align with your older adult’s needs. It’s also good to make sure that the attorney you choose has a good connection with your elderly loved one since they will have a long-term relationship.
If you would like more information about this topic, feel free to explore our comprehensive guide to choosing an estate planning attorney.
Estate planning solutions for Spokane seniors
As our senior loved ones continue to age, estate planning becomes increasingly important. While the thought of losing your senior can undoubtedly be overwhelming, both of you can have peace of mind in knowing that their affairs are in order. Let Seasons help you and your older adult find an estate planning attorney who understands the sensitivity of this subject and has the expertise to offer valuable end-of-life planning assistance. Get started with our listings for estate planning services in Spokane today.
