Recent Blog Posts
Power of Attorney can Help you Protect your Finances
Having a Power of Attorney can protect your finances, so they’ll be still be there when you need them the most. By this point in your life, it’s likely you’ve invested many hours figuring out how to protect your hard-earned money so it will be available to you or your family when that time… 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 »
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 who actually opened it or which person is making the majority of the deposits. These people could be related, such as with a parent… Read More »
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 as all of the benefits you might gain by doing so. When you pass away, the legal process of probate is a method for… 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 »
Lifetime Trusts: 3 Reasons to Consider Using One
This article will discuss lifetime trusts and provides several reasons to consider using one. Estate planning ensures that your hard-earned assets are distributed according to your wishes after your death. It involves determining who will receive which portions of your assets and how they will be distributed. One of the options to consider when… 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 »