Community property agreements are a tool that you use to help manage your estate. When set up properly, and a probate attorney will help, they serve as powerful tools that spell out what happens to any community property within your estate. In Washington, all assets accumulated by a married couple during their marriage are presumed
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There are many things to know about setting up a healthcare directive. This blog focuses on four important things to know about a health care directive in Washington State. 1. Who Can Witness A Health Care Directive? First, the State of Washington requires that each health care directive be signed by two people, and there
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Medicaid Estate Recovery is an essential topic for anyone who receives Medicaid and their beneficiaries. What is Medicaid Estate Recovery? It is a series of laws penned by the Federal Government that allows the state where the person lives and pays for the long-term costs of caring for that person to collect the monies paid
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Estate Planning has been something we think of for older adults. But, unfortunately, it is a false thought. Estate planning is for anyone who focuses on building wealth. The goal is to control the taxation when your estate passes on to the next family member. In the face of COVID-19 – estate planning becomes essential
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4 Essential Pieces of Your Estate Plan Many people make the mistake of assuming that they can set up their estate plan with just a will. While a will is an important part of your estate plan, it should not be the only document you use to create your estate plan. Instead, you may need
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Importance of Having an Attorney to Help with Your Healthcare Directive If you search online for “health care directive” or “living will,” you will likely find many online form banks that will charge you a small amount of money to use their form to create one of these legal documents. While it is better to
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3 Estate Planning Mistakes to Avoid You want to give your loved ones an inheritance that represents the legacy you are leaving them. Unfortunately, making mistakes when creating your plan can undermine that goal. In some situations, a loved one’s inheritance can actually create more problems than benefits. You can avoid those situations with careful
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As COVID-19 sweeps the globe, it has many people thinking about their mortality and how their families will cope if the unthinkable happens. If those thoughts have been swirling through your mind, you can ease your worries by taking a close look at your estate plan — or creating one if you are not already
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At the trial court involving the validity of a will, a judge ruled that the decedent’s siblings were the rightful heirs. However, the appeals court (In re the Matter of the Estate Of Cecilia Brost) wants clarification on the evidence the court relied on to make that decision. Stepchildren Filed a TEDRA Petition The Trust
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On January 1st, 2020, the Setting Every Community Up for Retirement Enhancement (SECURE) Act officially went into effect. The legislation, which garnered significant bipartisan support in both the House of Representatives and the Senate, was signed into law by President Trump last month. The law puts sharp new limits on the use of so-called ‘Stretch
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