Having an interest in a person's estate is a great honor, and one that you no doubt feel humbled by. Some might say that no matter what that interest may be, you should accept it (or the interest allotted to others) without question. Yet what if the terms of your...
Month: March 2021
How should you plan for long-term care?
If you are 65 or older, odds are you will need to consider long-term care. According to Morningstar, in the United States, about half of people turning 65 will need long-term care at some point in their lifetime. On average, women require about two and a half years of...
What if my loved one does not like the nursing home?
Often, finding an appropriate nursing home for a loved one is only half of the battle. Once you have found an assisted care facility or nursing home that fits your needs and price point, more interpersonal problems start to appear. For example, it is not unusual for a...
Reducing inheritance conflict among siblings
Fights over inheritance have the potential to tear families apart. However, having a solid Washington estate plan in place may help you prevent these conflicts before they arise. Often, inheritance fights arise because adult children feel shortchanged or as if someone...
Is it time to review your estate plan?
After creating your estate plan, you may let it sit for a few years untouched. But you should not leave it as-is indefinitely. Your estate plan must accurately reflect your life at the time of your death. As such, it is important to keep it updated. But how do you...
Will you require long-term care?
Everyone ages. It is a fact of life that you cannot prevent. However, every person does not age the same. It is difficult to know if you will need long-term care when you get older. According to the U.S. Department of Health, the needs of each person will vary...
Is it time to review your estate plan?
Your estate plan consists of a large part of end-of-life planning. But you are not done with it after you finish writing it. In fact, you should frequently revisit your estate plan to ensure that it still matches your current life situations and desires. But when...
What are some responsibilities of a personal representative?
Upon your death, your personal representative files your will with the probate court so that your assets transfer to your intended beneficiaries. If you create a valid will, Washington State law requires it to go through the probate process within 40 days after your...