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...
Year: 2022
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...
How should you approach a discussion about elder care?
Sensitive topics like aging, elder care and loss of independence can feel uncomfortable to discuss. Watching your parents get older and worrying about their well-being can also feel uncomfortable. Showing your concern for your parents and suggesting planning...
What can you prepare for your role as an executor?
It feels like an honor when asked to be the executor of a will, but it also comes with a lot of responsibility. If you are not ready for the responsibility to handle your loved one's estate, it can become more daunting than necessary. According to AARP, preparing to...
Some primary duties of a financial power of attorney
If you have just named someone as a financial power of attorney for your estate, or if you have just taken on the role for a loved one, you should understand the scope of this important designation. Not all POAs include the same tasks or responsibilities, but most...
Our new home
Brothers & Henderson, P.S. is on the move. The firm has relocated from its Eastlake location at 2722 Eastlake Avenue East to the Fremont neighborhood at 936 N. 34th Street, Suite 200 as of March 21st, 2022. Nicknamed "The Center of the Universe," Fremont was once...
Allowable Medicaid spend down items as of 2022
For many individuals, qualifying for long-term care Medicaid is difficult for the sole fact that they do not meet the program’s asset limit. More specifically, the value of their assets greatly exceeds the set limit which, as of 2022, is $2,000 for single applicants...
Here comes baby: Creating a will as a new parent
At a time when new life is the focus of everyone’s attention, death is probably an unwelcomed topic of thought. Despite the macabre association many people have of this process, new parents should be thinking about their wills and planning for the future of their...