There are many things that can have significant financial impacts when a person passes away. One is what the value of the deceased person's estate is. One of the financial issues estate value can substantially impact here in Washington state is the issue of state...
In estate planning, having a backup plan can be vital
It is common for a person to have very specific ideas of where exactly they want all their various assets to go when they die. Thus, it is understandable that a person, when estate planning, often puts a great deal of energy into making sure that their first choices...
Estate planning can involve much more than just a will
Wills are probably the best-known estate planning device, and setting up a will can be a very important step when a person is making plans for what will happen with their estate when they pass away. However, it is important to remember that a well-developed estate...
What does it mean to ‘die intestate’?
Occasionally, a person may hear that someone died intestate. What does this mean? "Dying intestate" is legal terminology describing a situation in which a person died without having a will in place. What are the implications of dying intestate? If there is no will for...
The different types of parties to a trust
Today, we will talk about some basic trust terminology. Specifically, we will go over the terms for the three main types of parties to a trust. One type of party to a trust is the person who formed the trust and put their property into the trust. Among the terms...
