Are you worried about your parents' debt? It may not just be the fact that these debts are concerning now, while your parents are still alive. But if they have an excessive amount of credit card debt or something of this nature, you may be worried as one of their...
When we’re young, we subconsciously believe nothing bad can happen to us. Death is far from our minds, and we have all the time in the world. Most young people also haven’t had the opportunity to accumulate many assets and aren’t particularly worried about who will...
Having an estate plan in place is definitely important, but so is keeping documents up to date. Many testators who have wills and other estate planning documents may take for granted the idea that they have adequate protection and the ability to access support if they...
Some people face an unexpected and sometimes painful dilemma after the death of a relative. They learn that their loved one left them an inheritance, but they listed them by a name they no longer use and have legally changed. Sometimes, this isn’t an issue. A person...
A will should reflect a person’s final wishes. The terms are not for anyone other than the testator to dictate. Unfortunately, disputes over a will can arise. In Washington state, a will can be challenged in court under specific circumstances. Here are some of the...
An estate plan allows people to manage their legacy and help ensure their assets are distributed to loved ones after a person passes away. However, an estate plan is not only used for the distribution of assets. People can also use an estate plan to manage their...
Family is everything. When a loved one's decisions when creating a will are compromised, it can fracture the bonds that hold families together. Undue influence can sneak in when someone leverages their position to sway another's choices in their final will, typically...
Many people try to keep their estate plans as simple as possible. They focus on protecting their loved ones and allocating their property. They might fail to address foreseeable issues that could arise during estate administration. Perhaps a testator has two children...
Estate planning is an activity that is often associated with older adults or those with significant assets, but young adults also need to create estate plans for a variety of pressing reasons. For example, most young people in the U.S. have extensive online...
When drafting an estate plan, some assets may be given to single beneficiaries, while others may be divided during estate administration. For example, family heirlooms might be distributed to multiple adult children, with each receiving specific items according to the...
