It’s not uncommon for people to draft their wills and other estate plan documents without consulting family members and others about whether they want and/or can use the assets they’re leaving them. As a result, you may have recently come into possession of an asset...
estate planning
Are electronic or digital wills recognized in Washington state?
In Washington, digital wills are allowed and recognized. In 2022, the uniform electronic wills act took effect, allowing testators to create and execute wills essentially from the comfort of their homes. Since most people live busy lives, digital will execution sounds...
What role does an irrevocable trust have in an estate?
Estate plans are the most effective way to pass down assets to your loved ones when you die. These plans have several different components that work together to make your wishes known and enforceable. One of the tools that you might use when you’re setting up your...
How do pour-over wills work?
If you are planning on using trusts as part of your estate plan, you should also consider a pour-over will. These can help you ensure that you account for all of the assets you own when you die. It is essential if you base your estate plan on a trust rather than a...
Simple will options for married couples
If you’re a married couple who’s been together for many years and want a simple estate plan, you may be considering a joint will. You likely want whichever spouse outlives the other to inherit all your assets and then pass them on to your children or favorite...
Are there positive reasons to disinherit someone?
In many cases where a child is disinherited, the reason is the negative event that took place between the child and the parent. Maybe they simply don’t have a very good relationship and don’t communicate often. Perhaps they had a complete falling out and aren’t even...
How to avoid leaving your loved ones with “inheritor’s guilt”
You likely want the assets you’re able to leave your loved ones in your estate plan to make their lives easier. Maybe they can buy a larger home, worry less about how they’re going to pay for their kids’ college educations, put away some extra money for retirement and...
Is helping a parent with estate planning “undue influence?”
You finally talked your widowed father into putting his estate plan in place. You know that you’re going to have to give him some help or he’ll never get around to doing it. The problem is that you’ve got siblings on the other side of the country who will be expecting...
How advance planning helps those moving into nursing homes
For many people thinking about their golden years, avoiding a nursing home entirely is their top priority. They may go to great lengths to remain independent and in their own homes. However, all it takes is a single fall or a diagnosis with a genetic condition to...
How is life insurance distributed?
When you first bought your life insurance policy, you just hoped that it would support your spouse and your new child if anything happened to you. It gave you a sense of security. As time has gone by, you’ve had more children and even grandchildren. You still have...