Category Archives: General
Weighing the Pros and Cons of Aging in Place
For many Spokane Valley residents, the prospect of spending their golden years in a retirement home or similar long-term care facility is not an appealing one. Their goal is to stay in their own homes where they have already built a life and support system. While “aging in place” has many advantages over other… Read More »
The Corporate Transparency Act: What Spokane Business Owners Need to Know
The Corporate Transparency Act (CTA) is a new federal law aimed at combating money laundering, terrorism financing, and other illicit activities. Under the CTA, many Spokane businesses are now required to disclose detailed information about their “beneficial owners” – the individuals who own or control the company. This requirement adds a layer of transparency… Read More »
What Happens if a Washington Trust Beneficiary Refuses to Accept a Distribution?
People often create revocable trusts in an attempt to keep their estate planning private. Unlike a will, which is subject to court-administered probate in Washington, a trust is generally not a matter of public record. That said, lawsuits can and do arise over the administration of trusts, in which case their provisions can still… Read More »
Do All Estates Have to Go Through Probate in Washington?
Probate is a legal process overseen by the courts that is sometimes required after a person passes away. Probate gives the personal representative of a person’s estate the authority to pay the taxes and debts of the deceased, collect their assets, and ultimately transfer assets to beneficiaries. The personal representative of the estate is… Read More »