As Americans age, and those over 50 are the fastest-growing age group, they are often recognizing the necessity of planning for retirement and their eventual passing. Estate planning enables people to control many aspects of their later years, including health care and financial matters as well as who inherits what. Once the estate documents are created in Washington, who should keep them and who should know there whereabouts?
In days past, safe deposit boxes were frequently used to store important documents. Due to the relatively high cost of that and the availability of other options, that is not as popular as it once was. In addition, getting access to a deceased loved one's box can be a complex and costly endeavor if a person does not have legal access to the box. Fireproof safes are readily available and provide excellent protection.
The professional who prepared the documents will frequently retain the original documents and provide the client with copies. It is advisable that a trusted family member be aware of where the copies are stored. Having a comprehensive estate plan in place includes knowing that someone is aware of the existence of the documents and knows how to retrieve them.
Facing one's own mortality is never easy. People in Washington who take the step of comprehensive estate planning can enter their later years with ease of mind knowing that they have prepared for many eventualities. Making sure that a trusted family member is also aware of the existence and location of the plan is also an important aspect of it.