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When someone dies in Washington, their assets must be distributed in a specific order set forth by law. This process is known as "probate." While probate is necessary in some cases, there are many situations where it isn't ideal, so formulating your estate plans to...
Losing someone you care deeply about is always difficult. But when an unpaid debt or a mortgage is added into the mix, things only get harder. Fortunately, with enough information and planning, it's entirely possible to use probate in a Washington courtroom to put...
The process of probate ideally happens with a single, authoritative will that allocates assets in a way that cannot be easily challenged. But not every estate process is that simple. There is sometimes a lost or destroyed will. In those instances, Washington state law...
For those who live in Washington and are dealing with a loved one passing away, the estate tax can be a surprise expense as part of that process. It is important to be aware of the costs and rates for the estate tax. Estate Tax The estate tax is actually made up of...
Knowing the ins and outs of estate planning can be essential if you are planning for your future. If you have CDs, retirement accounts, or own real estate in Washington, it's a good idea to set up a plan for how your assets are going to be distributed after your...
When people in Washington consider their plans for the future, they may want to consider not only making out their will or developing a trust but also assigning proper beneficiaries for bank accounts and other funds. A transfer on death beneficiary named on an account...
Simplified probate makes it easier for a surviving spouse or beneficiary to collect the remaining estate. There are faster, more streamlined ways of transferring a deceased person's assets in Washington. Streamlining the process Most states have simplified versions of...
If you own funds in a bank in Washington state, it's essential to create a will and designate a beneficiary to receive them. Otherwise, distributing your money will be handled by another party, which may not be what you would like. Creating an estate plan allows you...
Coming into your inheritance in Washington may seem like the answer to your prayer. This is the event that you may have been looking forward to for years. It can be the time at which you can finally gain your financial independence. But it can also be the time during...
When someone dies in Washington, their estate administrator distributes their assets among their heirs according to the terms laid down in their will. However, if there are any issues regarding their last will and testament, the court will halt the asset division...