Tacoma Estate Planning Law Blog
Tips for reducing inheritance conflict
You worked tremendously hard to create a legacy over the years. After that, determining who you want to have your assets after your passing is not always as easy as naming a few people and then splitting the value of your estate among them. You may, for example, have...
Determining if more than one trust is needed
Thoughtful estate planning means that a person's family will be taken care of when they are no longer able to do so. One of the most important documents that Washington residents would want to have to protect their family and their assets is a will. Trusts are also...
Preparing for long-term care and Medicaid eligibility
Are you a resident in Washington curious to learn more about Medicaid? Are you in need of long-term care, or do you believe you may have long-term care needs in the future? If so, then it is important to understand everything you can about the way the state handles...
Protecting the elderly from financial scams
Regrettably, millions of older Americans fall victim to financial scams every year, and in some cases, they end up losing a good portion of the wealth they worked their entire lives to amass to scams. In many cases, the people scamming older adults are actually their...
How do powers of attorney end?
Older people living in Washington are often concerned about ensuring that they are cared for as they age. While many seniors are perfectly capable of making decisions about their finances and day-to-day lives, others suffer from cognitive symptoms and conditions, such...
The importance of keeping an estate plan updated
Some people in Washington may think their estate is in good shape because they created a will years ago, but it is important to keep estate plans updated. This is illustrated in the case of film director John Singleton, who died suddenly in April of a stroke at the...
A legacy plan ensures a person’s wishes are carried out
It is common for high net worth individuals to think about their assets when it comes to estate planning. While these assets are important, there are other things that need to be looked at as well. Individual needs to consider the legacy they wish to leave behind. It...
4 Things to remember when drafting your will
As your life changes, the contents of your will should change with it. After all, you want to ensure your assets are secure and your heirs are taken care of. But, there are some things that might be easy to forget about as you create and draft your will. Here are four...
Why a nontraditional estate planning approach may be right
As laws change, traditional estate planning advice might not always be appropriate for some Washington residents. For example, they might want to consider whether family members would benefit from an inherited Roth, which may pay out distributions for years. Changes...
Defining interested parties in a will contest
All interested parties to a will that was executed in Washington must be notified in the event of a will contest.Those who are listed in the document itself are considered to be actual parties to the will and must be included in the list of interested parties....
