Caring for an aging family member is exhausting work, even more so if that family member is suffering from dementia or other conditions. Primary caretakers may rarely or never get a break from this work, which often leads to caregiver burnout. Burnout has dangerous...
Reviewing other benefits of an effective estate plan
Many people are well aware of the financial perks of setting up a solid estate plan, such as ensuring that assets are divided in accordance with one's wishes and even helping disabled loved ones retain their eligibility for government benefits through a special needs...
What should you look for in a long-term care facility?
Whether attempting to choose a long-term care facility for a close friend or loved one, or selecting a new home for yourself, there are some important factors to consider. Long-term care facilities offer medical supervision and assistance to those who are unable to...
Planning for estate taxes
Those engaged in the estate planning process in Washington may have learned that there are a number of strategies one can employ to avoid liabilities against their estates (thus preserving more assets to pass on to their beneficiaries). Yet many may believe that there...
What is a revocable trust?
If you are planning your estate, you probably have some options for transferring property into a trust. Of course, you may not feel comfortable completely surrendering ownership of your assets. Creating a revocable trust may be the solution. You can likely form a...
What assets skip probate?
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. ...
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...
