People in Seattle are encouraged to create an estate plan early on in their adult lives. At the same time, they are also told to revisit that plan as their circumstances change. Often, you may find yourself party to an estate whose terms (at least those stipulated in what is perceived to be your family member or friend's will) run contrary to what the decedent told you directly. In such a case, there may be an updated will indicating those wishes. When faced with this scenario, many have come to us here at Riach Gese Jacobs PLLC asking whether or not their loved one's initial will was sufficiently revoked.
People in Washington State who have ever encountered a challenging neighbor know that it can be tough to know exactly how to deal with a problem that involves the person living next door to them. While most people make efforts to be civil, at least initially, tensions can flare and situations can become very unpleasant or even dangerous. That is what ended up happening in one dispute between two neighbors in Puyallup in Pierce County recently.
One of the biggest questions that heirs often find themselves asking when their parents pass away is just how much the family home is worth.
It is recommended that those working their way through the estate planning process in Seattle involve those who will be impacted by their decisions as much as possible. Yet that does not always happen, which is why many who are party to an estate may ultimately be surprised to learn of their interests in it (or lack thereof). It may be easy to assume that those who contest the terms of a will are simply being bitter at not receiving what they wanted. Yet there may indeed be circumstances where one might justifiably question their stake in an inheritance.
When you are party to an estate in Seattle, it may be easy to feel as though you have little control over your interests. At first glance, it may appear that you indeed do not given that it is the estate executor who handles its administration. Yet your interests must be managed exactly in the manner that the settlor specified in their will. This means that the executor essentially works for you and the estate's other beneficiaries. Many in your same position have come to us here at Riach Gese Jacobs PLLC in the past worried that the estates controlling their interests were being poorly managed. If you share the same concern, you may be happy to learn that you may be able to have an executor removed from their role.
People who live in Washington State and who experience challenges with their neighbors often wonder what type of recourse they may have or how they can protect themselves. In an ideal world, neighbors would be able to cooperate and resolve their differences amicably and in person. Unfortunately, that does not always happen and legal action is taken. The reasons that lead to this can vary dramatically.
One of the concerns weighing on those tasked with administering the estates of their family members or friends is the issue of taxes. Often it is assumed that an estate will automatically owe tax, yet that is not always the case. Indeed, according to information shared by the Internal Revenue Service, only 33,000 estate tax returns are projected to be filed in 2019. Given that the United Nations World Population Prospects reports shows that over 7,400 Americans die every day, one can see just how few estates actually have to deal with the estate tax.