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August 2019 Archives

Estate planning basics

Everyone in Washington State knows that mortality is real and someday they will die. Despite this fact, a great many people still have not taken the steps to create an estate plan. For some, this might be out of a fear of facing their humanity as people are often raised to fear death. For others, the avoidance of making an estate plan can be due to a lack of knowledge about where to start. This is understandable as there are many options when it comes to making a good estate plan.

Who handles an estate’s tax liabilities?

One of the potentially more contentious issues involved with the administration of an estate in Seattle is the potential for having to pay estate taxes. You (and other beneficiaries) may understand that if taxes are owed, they should be paid from the estate’s assets. Yet how are you to know if taxes are owed and how they might affect yours (and others’) interests in the estate? 

Options for keeping your will up-to-date

Residents in Washington State who have gone through the process of creating a thorough estate plan do not generally eagerly await the opportunity to do it again. This can be a very time-consuming experience and an emotional one as some very important decisions should be made and conversations should be had. However, the fact of the matter is that any estate plan should be kept updated as life changes often dictate this.

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Riach Gese Jacobs, PLLC
7331 196th Street, SW
P.O. Box 1067
Lynnwood, WA 98046

Phone: 425-329-7857
Phone: 425-776-3191
Fax: 425-775-0406
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