Relevant and Concise Estate Planning Blogs

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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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family planning their estate

Estate Planning vs. Will: What’s the Difference?

February 23, 2023

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 […]

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Washington Probate Court

How To Avoid Probate Court

February 13, 2023

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 […]

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young man reviewing living trust and will

Living Trust vs. Will

February 10, 2023

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 […]

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Estate planning - Washington State

Unexpected Death: Are you prepared?

December 23, 2022

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 […]

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Asset Protection for Your Children

October 15, 2022

  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 […]

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duties of executor

What Are the Duties of an Executor?

August 15, 2022

  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, […]

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Don’t Leave Your Pet Out of Your Estate Plan!

July 15, 2022

  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) […]

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family playing on bridge in park

How Estate Planning Can Help Your Blended Family

June 14, 2022

  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 […]

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