Washington residents like you who want an estate plan must start by picking an executor. This person will oversee your estate after you pass on. Because of this, they are one of the most important parts of your estate plan. Today we will look at some key points to...
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How will my debts affect my surviving family after my death?
In today’s economic climate, it is likely that you will still have some outstanding debt when you pass away. This is yet another reason why making an estate plan can be vital to your successors’ financial well-being, even if you do not have considerable assets. ...
Identifying issues with memory loss in older adults
Memory loss often is a natural part of aging, but sometimes it indicates a more serious issue. In any case, when an older loved one starts to exhibit signs that he or she cannot remember things, it is essential to get him or her help. The Mayo Clinic explains that...
How to help senior parents avoid scams
As your parents age, it may fall on you to look out for them. It is especially important that you help them avoid scams designed to take advantage of senior citizens and steal their money. Your parents may be sharp in other aspects, but scammers are very sophisticated...
3 key considerations for special needs planning
Estate planning in Seattle offers families the means to make provisions to preserve their wealth, provide for their relatives and secure their legacies. When you have loved ones with disabilities to consider, you need to include arrangements that go beyond the basic...
What to know about a guardian ad litem
Some families face the tough reality that a parent has lost the ability to handle their personal or financial affairs. They fear that their loved one is no longer fit to live alone or could lose all their money unless someone steps in and takes charge of the financial...
What are financial powers of attorney?
Financial powers of attorney are one element within your estate planning package. According to FindLaw, within your estate planning package, you will have a living trust, wills, financial durable powers of attorney and healthcare directives. Financial powers of...
How can you initiate the estate planning talk with your parents?
Estate planning may not be an interesting topic to bring up, but it is a necessary one. As your parents age, an estate plan becomes more necessary. According to MarketWatch, around 30 percent of parents do not have detailed talks with their adult children about their...
Estate planning during uncertain times
Even the strongest people worry about the future. Whether we like it or not, it is impossible to know precisely what will happen tomorrow – much less a week, month or year from now. Things change, sometimes in ways that challenge us. That’s life. Fortunately, there...
Estate plans and unmarried partners
When it comes to estate planning, many people recognize the critical role that a spouse plays in one's estate. For example, many people decide to name their spouse as the person to manage their estate in the event that they pass away, and people often hand over their...