Representing Our Community Since 1959
Some people prefer to transfer real estate (even if in name only) to loved ones while they’re alive rather than leave it to them in their will or living trust. This can make things simpler for the intended heir. It can also reduce the value of their estate, which can...
Adult guardianship can be beneficial for vulnerable people. Those with major health challenges, cognitive decline associated with age or mental health disorders may need the support of another adult. Otherwise, they may fail to make choices that are in their own best...
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...
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...
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...
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...
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...
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....
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...
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,...