Author Archives: cms@site-mail.com
Trust vs a Will – What’s better when it comes to COVID-19?
It’s important to note that each approach listed below is going to have different benefits depending on the scenario. Below we’ll go over the various benefits why you may want to end up going with a Trust vs a Will. 1. A Will may be created more quickly (and may cost less). Many wills… Read More »
Estate Planning Costs – Plan Now or Pay Later
We’ve seen a bit of an uptick lately in the number of folks looking for information about estate planning costs – primarily due to the emergence of the Coronavirus and the concerns that come along with the risk of COVID-19. For those who do not have a will yet, you’re probably wondering how much… Read More »
How to Avoid Probate in Washington State
Many people are interested in learning how to avoid probate in Washington State , and for good reason, since the costs and outright hassle of the process can be overwhelming. While some estate planning professionals may choose to utilize a single approach, we’d advise you to select the method that best fits your own… Read More »
Estate Planning Attorneys in Spokane, WA
Moulton Law Offices is an established law firm serving individuals and families in Spokane, Tri-Cities, and even Idaho. We provide legal assistance with a number of elder law and estate planning services. Within our Estate Planning practice, Moulton Law provides many well-known estate planning services which include Wills, Trusts, and Durable Powers of Attorney…. Read More »
How to Utilize Life Insurance to Pay Long-Term Care Costs
We hate to have to tell you this – but there’s a good chance you may require long-term care as you get older. Worse, if you’re like most Americans – you haven’t exactly figured out how you’re going to pay for this type of help. Almost half of American adults who turn 65 this… Read More »
What Happens to a Joint Account When my Spouse Passes Away? (Part Two)
You May Face Potential Estate Tax Consequences At least some portion of your joint account is going to contribute to the decedent’s taxable estate value, even if the joint account itself won’t be subject to probate. Probate estates, and taxable estates are completely different, and we do want to make that part clear. A… Read More »
Supplemental Needs Trust for Medicaid Asset Protection
There are several approaches as to how estate planning professionals feel you should safeguard your assets if you receive essential Long-Term Care benefits from Medicaid, but utilizing a living trust should almost never be considered in this scenario. Instead, we might recommend you use a Supplemental Needs Trust which we’ve expanded on later in… Read More »
Kennewick Estate Planning & Long Term Care Planning Lawyer
Quality estate planning in the Kennewick, WA area should start with informed decisions. This process should be about more than simply “who gets what” when a person passes away. Estate planning includes thinking about the use and management of your wealth during your lifetime and the legacy you choose to leave for your family…. Read More »
Summary Administration for Surviving Spouses in Idaho
It’s quite nice living in the state of Idaho! It just so happens to have very favorable probate and estate planning laws if you prepare properly. We’ll touch on Summary Administration in this article, but perhaps the best part of living in Idaho is simply that the costs for this type of legal help… Read More »
One Major Pitfall of Special Needs Planning
Many families would likely benefit from some form of Special Needs Planning assistance. Public benefits can often be provided for those who are disabled and these often include healthcare, supplemental income, day programs and many other additional services. Many of these benefits are tied to a person’s disability status, while others may be “needs… Read More »