4 Things To Know About A Power of Attorney October 1, 2023 | Ashley Boustany Creating a Power of Attorney (POA) is a significant event in your life – after all, you are choosing the best person to make vital decisions on your behalf. The person you choose, known as an “agent,” can make important decisions about critical areas of your life if you should ever become incapacitated and unable More
What Is The Difference Between A Revocable And Irrevocable Trust? May 22, 2023 | Ashley Boustany There are a few ways that trusts differ. One of the differences between a revocable trust and an irrevocable trust is the ability to make changes to them. If you are reading this then you may be looking into the process of deciding about a will or a trust. A good piece of advice is More
4 Key Things to Know About WA Estate Tax March 20, 2023 | Ashley Boustany Most people dread thinking about taxes, whether they are estate tax, property taxes or income taxes. However, careful planning now can help avoid or decrease tax obligations passed on to beneficiaries of an estate. This is especially true when you consider Washington estate taxes. The estate tax is a tax imposed on someone’s estate after More
What Is A Special Needs Trust? December 27, 2022 | lmsXpect3 There are many types of trusts and each is a different tool used to manage and protect the assets of a trust as laid out by a Grantor so that there is a benefit to beneficiaries. This blog covers the design and uses of a Special Needs Trust What is a Special Needs Trust? A More
5 Things To Know About Community Property Agreements in WA September 1, 2022 | lmsXpect3 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 More
3 Important Things To Know About A Health Care Directive June 15, 2022 | lmsXpect3 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 More
What is Medicaid Estate Recovery? April 20, 2022 | lmsXpect3 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 More
Estate Planning in The Face of COVID-19 January 24, 2022 | lmsXpect3 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 More
4 Essential Pieces of Your Estate Plan June 10, 2021 | lmsXpect3 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 More
Importance of Having an Attorney to Help with Your Healthcare Directive May 17, 2021 | lmsXpect3 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 More