Depending on the nature of the trust, choosing a trustee may be a bit different from choosing a personal representative or selecting a healthcare agent. The personal representative’s role is short-term, and largely consists of wrapping up a specific list of tasks that must be completed in order to settle an estate. A healthcare agent …
Choosing a Washington Healthcare Agent One of the most important elements of a comprehensive estate plan is the appointment of a healthcare agent, also known as a healthcare representative. The person you choose will make medical decisions for you if you become incapacitated. For example, your healthcare agent will authorize treatment and make choices for …
Most People Don’t Have Wills–Here’s Why Depending on the headline you read or the survey you saw reported, you may have heard that nearly half of American adults don’t have wills…or that just 40% have made estate planning arrangements…or that almost half of people over 55 still haven’t made a will. While the specifics differ …
Choosing Your Representatives in Washington State When most people think about estate planning, the first thing that comes to mind is writing a will or creating a living trust. In other words, most people think in terms of passing property to loved ones. While that’s an important element of estate planning, it’s not the only …
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What Happens When You Die Without a Will? Wealthy, high profile people neglect estate planning more often than you might expect. Black Panther star Chadwick Boseman passed away without a will in 2020, though Boseman had been fighting cancer for four years. While estate planning failures aren’t the norm among celebrities, they’re neither new nor …