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The misconception that only wealthy families need comprehensive estate planning is surprisingly common. Unfortunately, it can also leave many family members unprepared when the time comes. John A. Rorem, a Gig Harbor real estate attorney offering a broad range of legal services, urges everyone to visit a lawyer to ensure that your wishes are respected after you're gone—even if you don't think you own very much.

Having an estate plan offers a variety of worthwhile benefits, including:

  • Empowering Your Loved Ones: You might think that your spouse can sell your home if you're incapacitated, or that your partner will be able to manage the business. Unfortunately, this is not necessarily the case without durable powers of attorney that give your family members and associates the authority to act on your behalf.
  • real estate attorneyControl Over Your Assets: Without an estate plan, your children can inherit property with no stipulations, meaning that it could then go to their spouse when they die. Establishing a trust with an estate planning and real estate attorney allows you to set conditions on the inheritance of your assets and keep them within the family.
  • Providing For Your Family: In addition to writing a will and establishing trusts, buying life insurance is an often-overlooked aspect of estate planning. Your attorney will help ensure that you have a policy that will relieve the financial burden on your family after you're gone.

John A. Rorem understands how important these issues are to all of his clients, which is why he strives to develop an understanding of your needs before recommending the way forward. Whether you're looking to buy an investment property or want help ensuring that your loved ones will be taken care of after you're gone, you can depend on this experienced real estate attorney. Learn more about his services and experience online, or schedule a consultation by calling (253) 858-5358 today.

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