Trusts

Washington State Executor Requirements

Washington State Executor Requirements

November 30, 2023

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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documents with the words "revocable trust" and a pen

What is a Joint Revocable Trust

May 26, 2023

A joint revocable living trust is a powerful tool that married couples can use to simplify passing their assets from one spouse to the other (and eventually to their heirs). However, it is not the correct estate planning solution for every couple. Read on to see if a joint revocable trust is right for you. […]

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Picture of money and families in their homes

Revocable vs Irrevocable Trust: What is the Difference?

May 19, 2023

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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Couple estate planning with attorney in Washington State

What is a Spendthrift Trust, and Do You Need One?

May 15, 2023

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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