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Have you ever asked, “is estate planning the same as a will?” Well, a will is part of an estate plan, but an estate plan is more than just a will. The word “estate” often conjures thoughts of giant, sprawling manors surrounded by lush gardens, polo grounds, dressage arenas, and horse stables. However, the truth […]

You want your loved ones to be cared for after you pass away. However, many people don’t realize that beneficiaries must often deal with a lengthy legal hassle known as probate. Fortunately, estate planning can help ensure that your heirs avoid probate. All states—including Washington—have a legal process used to close residents’ estates after they […]

You’ve probably heard of a will, and most people have also heard of a trust. However, for many, that’s about where our knowledge ends. Let’s review the difference between a will and a trust and help you discover what’s right for you. The goal of creating either a will or trust is so you may […]

It’s an uncomfortable fact that no one really wants to face. We are all going to die. Another uncomfortable fact is that with very, very few exceptions (and many of those exceptions aren’t great), we don’t know when it will happen. On Dec. 5, 2022, actor Kirstie Alley died of colon cancer. According to a […]

  You’ve spent years building your wealth, and now you want to plan for your children’s future. The problem is that it’s impossible to predict what life holds in store, and there are a lot of mishaps that could reduce the wealth you plan to leave or eliminate it entirely. For example, what if your […]

  If you opt to use a will to transfer the assets of your estate, then probate proceedings will likely be required before those assets can be transferred to those you designated as the beneficiaries of your estate. Probate is the legal process of finalizing your estate and distributing your assets according to your will, […]

  Our pets are our loyal companions, and for those who want to protect their beloved friends, pet trusts are available to ensure that they’re taken care of for the rest of their lives. While a regular trust requires a human beneficiary (the person who benefits from or receives the assets placed into the trust) […]

  After remarrying, many spouses have family members from previous marriages or relationships in their new “blended” family.  Estate planning can provide plenty of benefits – and with the right estate plan, you can ensure that everyone in your blended family is accounted for. Creating an effective plan for blended families can be a little […]

  Revocable living trusts can be one of the most useful parts of an estate plan, but only if they’re properly funded. Many people establish a living trust for their estate, but most will also fail to properly fund it – often resulting in an unintended probate process that may distribute property to unintended beneficiaries. […]

Our lives can at times undergo significant changes, whether through our own means or by events we can’t control. When important events happen, it’s crucial to account for them in your estate plan by updating your will or trust to reflect the changes in your life. While the maintenance of keeping your estate plan up […]