Some adult responsibilities come with specific deadlines. Young men who turn 18 have to take prompt action to register for the Selective Service System to comply with federal regulations, for example. Other adult responsibilities are not subject to a specific...
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Estate Planning
Mistakes people make when giving a house to their kids
Some Washington residents believe gifting a house to their adult children is an ideal way to avoid probate. While it may be so, putting the deed in their names can lead to other potential problems. More creative and safer ways are available to prevent your home from...
Should I seek a guardianship for my loved one’s healthcare?
Washington state guardianships aren't just for managing the care and affairs of minor children. They're also a valuable tool to help protect adults incapacitated because of physical or mental disease, such as an adult with a profound disability or an older person with...
The benefits of trust funds for children
Many Washington residents include irrevocable trusts in their estate plans, and the beneficiaries of these trusts are usually their children or grandchildren. When assets are placed into irrevocable trusts, they are no longer owned by the grantor. This means they are...
Learn from celebrity estate planning mistakes in Washington State
Celebrities often make the same mistakes that other people do when planning their estates in Washington. Because these individuals often have high net worths, the consequences can be much worse. Luckily, you can learn from some of them like Prince, Michael Jackson and...
Don’t make these 3 estate planning mistakes
People in Washington and around the country should know about the importance of estate planning. Failing to create or update an estate could create significant problems for your loved ones and for yourself. In addition, poor estate planning can also create issues....
Versatile ways for new parents to estate plan
Estate planning in Washington should be started by all new parents. You can wait until a child is born or plan beforehand. What brings unexpected difficulties is never attempting to plan for your child's future. An estate plan for your children doesn't require money...
The challenges of inheritance: The family business
One of the proudest accomplishments of many Washington residents is operating a successful family business. Many entrepreneurs have built businesses over the years that they wish to leave to the family in hopes the tradition will continue as a family legacy. However,...
I’m Worried My Heirs Will Contest The Will
Many parents draft their estate plans with a hopeful vision of the future after they are gone. Few parents imagine their children fighting among themselves over nuances in the will or beneficiary payouts. However, these painful arguments have caused more than a few...
The steps to take when choosing an executor
Your friends and relatives are becoming fewer and fewer. Aging and death does that. And these situations make you ponder about what to do with your estate. Maybe you have gotten a late start on estate planning, but it is a start, nonetheless. While making those first...
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