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Community Property & Estate Planning
What is Community Property?Community property is any property owned by a married couple, or two people in a committed intimate relationship (we will refer to these as ‘spouses’ for purposes of this article), where each spouse has a “present, undivided, one-half interest in the property.” This means that each spouse has equal access to the…
Read MoreSo I’m a Personal Representative…Now What?
If you are like the majority of people, you’re probably not even sure what it means to be an executor, known as a Personal Representative in the state of Washington. If you look to Merriam Webster for an answer, you’ll find something like the following: “(T)he person appointed by a testator to execute a will.” But what…
Read MoreUsing a Testamentary Trust to Provide for Grandchildren’s’ Education
When grandparents begin the estate planning process, often they want to leave money to their grandchildren in a will. However, what are the best options to leave money to grandchildren when the grandparent wants to make sure that those funds are used for the child’s college expenses and not blown on unnecessary or frivolous extravagances?…
Read MorePet Trusts
Did you know that you can leave money to be used for the care of your dog, cat or other pet after you die? Using your will, you can also put someone in charge of managing and spending the funds, following a written set of instructions that you provide. Recently, Washington law changed to allow…
Read MoreSpecial Needs Trusts
If your spouse is disabled and has qualified to receive, or may in the future qualify to receive, Supplemental Security Income (SSI) and/or Medicaid benefits, you and your lawyer will need to carefully consider how to provide your spouse with an inheritance, or else his or her qualification for those benefits will be at risk.…
Read MoreDigital Legacy
Your internet passwords, combinations, and other secure information is important information that becomes part of your legacy when you die. Your legacy is whatever assets and property you leave behind after you die. In today’s digital age that includes email accounts, online bank accounts, user names, passwords, automatic payments, and the list goes on. Even…
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