Mar 1, 2022 | Did you know?, estate planning
Originally posted 1/16/2018 and updated 3/1/2022 Did you know that Washington state has its own estate tax, and that it starts at a much lower dollar threshold than the federal tax? Your “estate” is essentially the property you own when you die, and an estate tax is...
Feb 15, 2022 | Did you know?, estate planning
Originally posted 12/12/2017 and revised 2/15/2022 Did you know what makes a durable power of attorney “durable”? Powers of attorney fall into two general categories: powers of attorney and durable powers of attorney. If you execute a non-durable power of attorney,...
Jan 11, 2022 | Did you know?, estate planning, retirement
Did you know that your Will usually doesn’t control who receives your retirement accounts (IRAs, 401(k)s, etc.) when you die? Distributions from those accounts are controlled by a beneficiary designation form that you file with the company holding that account, not by...
Aug 9, 2020 | Did you know?, estate planning, probate
Did you know that if you die without a will, a revocable trust, or some other means to pass your assets upon death, they will be distributed to your relatives under the Washington State laws of intestacy? Under those laws, if you are married your spouse gets all of...
Jul 3, 2018 | Did you know?, estate planning
Do you know who makes health care decisions for your children if you aren’t available? Now that summer is here, families are headed out for a number of activities, such as vacation trips and summer camps. These activities often mean that you and your children are...
Jun 27, 2018 | Did you know?, estate planning
Do you know what happens to your estate plan when you get divorced? While the law does a good job of removing your ex-spouse from your estate plan (other than your ERISA-regulated retirement accounts), you should consider redoing your estate plan when you get...