Monday, July 18, 2016

What is a Living Trust?

A trust is one way to hold and manage one’s estate. There are two ways to create a trust:  Either in a will (a testamentary trust) or by means of a written trust agreement (a living trust) that takes effect when you transfer property into the trust.  A living trust is a legal document that can act as a substitute for a will.  The function of this document is to put your assets into the trust so that they may be administered according to your wishes during your lifetime.  When you pass away these assets transfer to your beneficiaries without the necessity of probate.
Here are some questions to ask yourself before deciding if a living trust is right for you…

1.  What does a living trust do for ME?
2.  Is it helpful if I become incapacitated?
3.  Who should I appoint as the trustee?
4.  How will my assets transfer to the living trust?
5.  What are the negatives concerning this type of trust?

If you are considering drafting a living trust, contact the law office of Lyle M. Clark Jr.  Sit down for a free consultation with Attorney Clark and he will help you decide the right course of action.

For 35+ years he has been the choice of many as a Bellevue, WA area estate planning attorney.  Pick up the phone and dial Lyle at (425) 452-3092 for any and all questions about wills and trusts in Washington.

Friday, July 1, 2016

Choosing the Right Divorce Attorney.

You are emotionally distressed.  Never in your life have you faced this before.  You have decided to get a divorce in the state of Washington.  Please understand the semantics first and foremost.  In the Evergreen State it is known as a “dissolution of marriage”.  Please take a deep breath and make the correct decision in hiring the right representation to suit your needs and personality.

At a time like this, too many people just go to the internet and look up a list of family lawyers who serve the Seattle and Bellevue area.  This could be a financial and emotional mistake.  Take a minute.  Do you want someone who has handled divorce cases in the area for well over three decades?  Do you want someone who will give you his full attention and not just hand your case off to a junior partner?

Consider the law office of Lyle M. Clark Jr.  When you sit down for a free consultation with Mr. Clark he will listen to your situation with compassion and understanding.  There is not much that he has not encountered in his 35+ years of handling Bellevue area dissolution of marriage cases.  After you have considered all of the variables pick up the phone and dial Lyle at (425) 452-3092.