Washington State residents without a valid will may anticipate the probate court distributing their net assets under the Evergreen State’s intestate succession laws. Your “net” estate consists of the assets remaining after your estate pays off your debts, according to...
Month: May 2022
What can a trust accomplish that a will cannot?
When you work on your Washington estate plan, you may cross a will off your to-do list first, and this is wise. A will is an important part of any estate plan and gives you a chance to say where you want your assets to go once you die. However, there are limits to...
Getting to know the three types of special needs trusts
Perhaps you have a disabled teenage son who was the victim of a serious car accident. You are considering setting up a trust to hold the financial compensation he is due to receive. According to federal and state law, those who qualify for SSI and some Medicaid...
Ways to help aging parents deal with memory loss
Memory loss is something that often comes with growing older. Unfortunately, there is often not much that doctors can do to reverse this phenomenon. Therefore, the goal for most adult children should be to help their parents remain as comfortable as possible. Some...
What should be in my estate plan?
There are many things you can include in your estate plan. It all depends on the size and complexity of your estate. However, The New York Times explains there are four documents every estate plan should include at a minimum. So, if you are just beginning to think...