When you create a will, there are several elements that must be included. Also, depending on your assets you may decide to have a simple will, or a complex will. Elements of a will The person who is creating the will is called the testator. This person must be at...
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Estate Planning
What do you do with estate plan documents when they are finished?
Most of our readers in Washington probably see reports from time to time that claim that the majority of people in America do not have an estate plan. In reality, this is probably true. Estate planning just isn’t something that most people think about, for a variety...
Your divorce can turn your estate plan upside-down
It is natural for people to want to take care of their loved ones. An integral part of that is having an estate plan that details how the person – known as the testator – doles out their property after death. In most instances, a spouse or domestic partner will be in...
Not having an estate plan carries risks
Despite the repeated entreaties for Washington State residents to take the initiative and create some type of estate plan, many either procrastinate or do not even take the matter seriously. This might be perceived as a problem with younger people, but it can be an...
Understanding the benefits of a special needs trusts
A special needs trust is an estate planning tool that can manage assets and provide for the financial needs of a person with disabilities, while ensuring that they still are eligible for government programs like Medicaid and Social Security benefits. The person who...
What is an irrevocable trust?
When it comes to planning your estate, there may be no wrong time to begin. Once you start considering the wide range of options, you may find the sheer number of choices confusing or unnecessary. But, like your life, your estate plan should be uniquely tailored to...
Choosing a trustee
If a person is creating a trust, one of the most important decisions they can make is who will act as trustee. There are several characteristics that are helpful to consider, as well as options to address situations where the trustee is not meeting their...
When a will leaves out a family member
A will can help avoid a lot of confusion and frustration after someone has died. However, simply having the document might not be enough to answer all questions. In some cases, a relative is left out of the will and they do not understand why. It might have been done...
How to help a parent with Alzheimer’s plan their estate
It’s hard to watch the decline of a loved one’s health. This can be especially true if you have a parent who has been diagnosed with Alzheimer’s. This condition can negatively impact your loved one’s cognitive functioning and reduce their memory, and they might also...
Four reasons young people need an estate plan
Estate planning isn’t just for individuals who have reached the later years of their life. In fact, if you wait that long, you put your estate and your loved ones at risk. After all, if you suddenly pass away without an estate plan, then your assets will be passed...
