Blog
Family and friends must deal with many difficult decisions following the death of a loved one. One of the many benefits of estate planning is that you can help those closest to you by clarifying your wishes for many of these difficult decisions. This is especially true for an issue where many families struggle: someone’s […]
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One of the goals of a comprehensive estate plan is to define the beneficiaries of a person’s assets clearly. However, to execute the will, it is necessary that someone properly distributes the assets. That responsibility falls to the executor of the will. There’s an old expression, “You can’t take it with you.” However, another way […]
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After a divorce or the death of a spouse, a second marriage is an exhilarating new start. However, joining two active lives, especially when one or both spouses have children, may come with complications. One important consideration is how to combine your current financial lives. That’s why blended family wills, trusts, and thoughtful estate planning […]
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It’s said that a successful marriage or domestic partnership is based on compromise, where both parties are equal. Once that relationship ends, through death or divorce, that equality is legally represented through the Washington state community property law. When someone dies, the best way to ensure that a spouse, children, parents, siblings, and all other […]
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A Last Will and Testament is the foundational document for most estate plans. Yet, many Americans do not have a will. This article will delve into the definition of a will, clear up some will-related confusion, review reasons people avoid getting the document, and explain how they can overcome those barriers. In 1994, the suicide […]
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Typically, everyone wants to avoid a court proceeding (including most lawyers). Unfortunately, when someone dies without a will, the courtroom is impossible to escape for their heirs because they must go through a complex probate action known as intestate probate. However, while having a valid Last Will and Testament can simplify the probate process, a […]
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A traditional will is a paper document that outlines a person’s final wish to distribute their assets. However, in today’s digital age, electronic wills are a modern alternative to this paper-based approach. Currently, Washington state is one of the few states that recognize the legality of a digital will; and Harbor Law Firm is one […]
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A Last Will and Testament is the foundational document for many estate plans. It is extremely important, and where to keep your will is equally important. After all, when your family needs it, you won’t be able to tell them how to find it. A will, legally referred to as a Last Will and Testament, […]
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All types of estate planning trusts fall under one of two distinctions: revocable or irrevocable. Let’s examine their differences and nuances and discover how both types can be invaluable in a comprehensive estate plan. Trusts may be one of the better-known and least-understood estate planning tools. Sometimes, trusts are even unfairly besmirched, like with the […]
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You have worked hard to accumulate wealth to better your life and the life of your family. However, you may have noticed that the spending habits of some of your offspring or potential heirs are less than frugal. If you are concerned that someone may immediately deplete an inheritance meant to last a lifetime, a […]
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