In the state of Washington, married couples can use a technique known as a community property agreement to avoid probate. A community property agreement states that, once the first spouse dies, all of their property converts to community property and then immediately transfers to the living spouse. Washington Law allows all marital property to pass
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The American Arbitration Association (AAA) is a non-profit entity that deals with alternative dispute resolution. The AAA provides services dispute resolution services to individuals who are attempting to resolve conflicts outside of the courts. If you are selling real estate in Washington state arbitration, and therefore the AAA, may affect your sale. Arbitration Clauses Are
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Estate planning is a must for protecting the assets you intend to leave to your loved ones. This is because your estate is subject to taxation. A strong estate plan strategically utilizes all applicable tax exemptions, thereby limiting the tax burden on the assets left to your beneficiaries. Without a smart estate plan, the tax
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Smart tax planning is a critical component in protecting assets you intend to leave your loved ones. Assets left to beneficiaries by a decedent are subject to the Federal Estate Tax. Absent a properly crafted estate tax plan, your loved ones may receive less than you intended. Fortunately, with the help of a skilled and
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You can enter into a contract to buy or sell real estate by drafting the contract from scratch, or you can use a standardized form. Nearly every real estate agent in the country uses a standardized form. There’s a reason for that. They’re convenient. Agents need only fill in the blanks. Even if you’re the
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When a person dies, they either die with a will or without a will. A valid last will and testament is a legal declaration made by a person in anticipation of death. It provides for how their property will be distributed upon their death, and who will distribute it. If they die without a will,
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One of the greatest responsibilities of a parent or guardian is the proper care of those who depend on them. That responsibility is even greater for those who parent or care for a child, dependent or loved one who has special needs. You may consider creating a special needs trust to ensure that your loved
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