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 –...
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...
What Happens to a Joint Account When my Spouse Passes Away?
How Do Joint Accounts Work? This will usually consist of one or more people who will retain full access to the money contained in a joint bank account, irrespective of...
6 Examples of Assets that Skip Probate
What are Assets that skip Probate? When you sit down to plan your estate, we recommend you try to understand which kinds of assets can skip probate altogether, as well...
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...
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...
3 Reasons to Consider Using a Lifetime Trust
Thinking about setting up a Lifetime Trust? After you initially create your estate plan, and after you’ve determined who receives which portions of your assets, you should also consider the...
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...
Electronic Notary Services in WA State – Extended to Nov. 21, 2020
Governor Jay Inslee signed a proclamation in March that allowed for electronic notary services in Washington State to take place from March 27 to April 26, 2020 due to the...
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...
Caring for Loved Ones w/ Alzheimer’s
In 2020 a substantial portion of American baby boomers will reach age of 65 or older, which unfortunately means the risk for Alzheimer’s and other forms of mental illness will...
Consider Creating a Flexible Estate Plan
It you’re concerned with who may get your personal property when you pass away, you should consider creating a flexible estate plan. When you first sit down to begin your...