Recent Blog Posts
Washington State Estate Tax Exemption for 2023
Remind me, does Washington have an inheritance or estate tax? Washington does not have an inheritance tax, but there is a Washington State Estate Tax . Estate tax rates in Washington state are progressive, ranging from 10% to 20%. The estate tax in Washington applies to estates with a value of $2.193 million and… Read More »
Avoid Probate Using a Living Trust
Living trusts are a great way to avoid probate. Here’s what you need to know about how to avoid probate with a living trust. Living trusts are a way to make sure that your money goes where you want it to. Most individuals wish to leave as much of their wealth to their children… Read More »
Hire an Experienced Spokane Veterans Attorney
If you served your country and are now disabled, you may be eligible for federal disability compensation. Unfortunately, many Spokane veterans confront difficulty proving that their qualifying condition was caused by an in-service accident, sickness, or occurrence during the application procedure. Allow the Moulton Law Offices in Spokane, WA, and Kennewick, WA staff to… Read More »
3 Tips for Siblings Caring for a Senior Parent
Sharing care among siblings is a reality for millions of Americans. By encouraging good communication and assisting one another as much as possible, the demanding job of caring for senior parents may be a pleasant, rewarding experience that draws siblings closer together. According to the old adage, many hands make light work, which is… Read More »
What is a Health Care Proxy? Do I Need One?
Who would you select to make medical decisions for you if you could not do so yourself? A health care proxy (also called a health care agent or Power of Attorney for Health Care) is the individual you pick to handle your health care if you’re too ill to manage it yourself. Your proxy… Read More »
Living Trusts – Beware of these 4 Myths
A living trust is one of the most frequently used types of trust. A trust is essentially a contract between the trustee, managing and distributing the assets outlined in the trust document, and the creator. There are several types of trusts available to individuals and couples alike. Living trusts can be divided into revocable… Read More »
Baby Boomers are Making These 5 Common Estate Planning Mistakes
The baby boomer generation reaches from the early 1950s to mid-1964 and is sometimes known as the “greatest generation.” Approximately 76 million people born during this period are referred to as boomers. Boomers are typically diligent, take vacations, are fiscally conservative, and avoid taking chances. Unless it’s an age 65 Medicare-eligible birthday party, they… Read More »
Beware of These 6 Risks with DIY Probate
First off, what is the definition of probate? Dealing with a deceased person’s estate (property, money, and personal effects) is known as probate. Many individuals believe that DIY probate, or naming a friend/family member to act as their executor after they die is more convenient or inexpensive. So, is this something you should do?… Read More »
Electronic Wills in Washington Legal Since January 1st, 2022
Governor Jay Inslee signed Senate Bill 5132 in 2021, which adopts the Uniform Electronic Wills Act (the “Act”). This means that electronic will become legal in Washington beginning on January 1st, 2022 . A “wet” ink signature was formerly required to execute a lawful Washington Will. The testator (the person creating the Will) was… Read More »
Benefits of Attending an Estate Planning Seminar
You may have heard friends talking about the estate planning seminar they went to or seen a flyer in the mail or newspaper and thought to yourself: “That sounds like a good idea, but is it worth it? Well, the answer is YES! At Moulton Law Offices, we think that educating yourself and obtaining… Read More »