The Washington Department of Revenue operates a fund where people can locate money they have forgotten about or that should have been accounted for in a relative’s estate. Creating a financial file can help stop this issue and relieve stress should a natural disaster occur or at the time of your death. The file should […]
Maybe you have big plans for your estate in Washington. You probably want to know that you’re doing what’s right. But before you get too deep into those grand aspirations, it’s important to make sure you have a full understanding of which estate taxes apply. When should you strategize your estate plan taxes? It’s never […]
Washington residents who wish to begin planning their estate can choose an irrevocable trust or a will. These tools have notable differences. Irrevocable trusts An irrevocable trust allows you to hold assets beneficiaries inherit in the future. Anything held in an irrevocable trust is no longer yours once you place it within. You cannot change […]
Estate planning is a smart way for someone to ensure their loved ones remain financially taken care of. While valuing their Washington estates, many people will think of certain items like homes, vehicles, and boats. However, there are other items of value that sometimes end up forgotten about in wills and trusts: guns. Here are […]
No one knows when their time will come, but it’s important to be prepared for the unexpected. That’s why estate planning is so important in Washington. However, creating an estate plan is not enough. You also need to keep it up to date as your life circumstances change. Marital changes If you’re getting married, you’ll […]
Estate planning in Washington has many moving parts and pieces that must be accounted for. Most detailed estate plans will name an executor of their will. The executor is usually a family member or friend who Is in charge of carrying out the wishes of your will after you die. It can be a huge […]
Devising an estate plan could ensure that someone’s preferences for asset distribution and other tasks occur upon passing away. Yes, crafting a last will and testament may be necessary to many Washington residents, and there could be additional steps worth taking. Estate planning may be more comprehensive than some realize. Putting together a comprehensive estate […]
When making an estate plan, you may think wills are the only tools. However, trusts are another option for estate planning, regardless of your income level. Revocable trusts in Vancouver, Washington, are something to consider and come with several benefits. Overview of revocable trusts A revocable trust is an estate planning tool that helps you […]
Probate court judges in Washington may perform a variety of duties for individual estates. However, the primary function of a probate court judge is to oversee the distribution of a person’s assets after they die. The judge’s degree of involvement in this process will depend on the estate plan or lack of estate plan that […]
Estate planning represents deliberate steps to deal with current health and financial responsibilities while also anticipating the impact passing away has on Washington family members and others. A decision to write a will often serves as the initial motivation to take part in estate planning. Other essential components might factor into the process as well. […]
