When you pass away, probate is the legal method of transferring your assets to your beneficiaries. Assets do not always have to go through probate, however. Most people prefer not to go through probate, however, because it is a lengthy and costly process. ...
Month: September 2020
What are mistakes to avoid while making estate plans?
Making estate plans can be a complicated affair. You could forget to include an asset in your will. You might fail to take advantage of an estate planning move that could better benefit your heirs. Fortunately, if you know about some estate planning pitfalls in...
Essential documents: What you need to plan your estate
Estate planning in Washington is essential, whether you have recently started a family or have just celebrated your retirement. It is important that your estate plan reflects the life you currently live, and you can update your plan periodically in the future if...
The importance of advance directives
People who want to create or update their estate plan as their lives change, they may need to review a variety of instructions, wishes or types of documents. An estate plan may include far more than a will or a trust alone. One element of estate planning that may be...
When is probate unnecessary?
In the state of Washington, it is common that you distribute assets after a time of probate. However, in various circumstances, this legal process is not necessary. Amount of money When a person passes away and leaves an estate behind, those items and...