Insight on Estate Planning - Year-End 2018

Dec 4, 2018

Related Practices: Estate Planning & Administration, Gift & Estate Taxation and Probate & Trust Administration

Here’s a brief glance at what you’ll find in the Year End issue…

Don’t be afraid of probate

Probate. The word itself is enough to strike fear into the hearts of elderly individuals and their loved ones. It conjures images of lengthy delays waiting for wealth to be transferred and bitter disputes among family members. Plus, probate is open to the public. This article explains why, with proper planning, probate can be avoided. A brief sidebar examines which assets don’t go through the probate process. Read more...

Smart estate planning begins with protecting your assets

It’s one thing to earn enough to live a comfortable lifestyle. It’s yet another to develop a plan for protecting one’s assets so that there’s more for heirs after death. If one has been fortunate enough to achieve the former, there are estate planning tips to help with the latter. This article details asset protection strategies. Read more...

Thinking long term: Don’t overlook long-term care planning 

An illness that requires long-term care (LTC) can quickly deplete one’s savings and derail an estate plan. Thus, LTC planning is a critical part of estate planning. This article explains why LTC insurance is an important part of the planning process. Read more...

Estate Planning Pitfall: You’re not making direct payments of tuition and medical expenses

When it comes to gifting strategies, there are many to choose from. One such option is to make direct payments of tuition and medical expenses. This brief article provides the specifics of how this strategy works. Read more...

Do you need a revocable living trust?

Revocable living trusts are often touted as a way to avoid probate, making them one of the most popular estate planning devices nationwide. Because Washington has a more streamlined probate process, avoiding probate should not be the primary reason Washington residents use these trusts. This article discusses revocable living trusts and important considerations for estate planning for Washington residents. Read more...

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This post provides general information and is not legal or other professional advice. To discuss issues specific to your circumstances, contact one of our Estate Planning attorneys.