The death of a loved one in Washington is a stressful event. Many financial questions may complicate the matter. This will be all the more if you have been placed in charge of a trust left by the deceased person. There are many rules and regulations that must be...
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Estate Administration & Probate
Navigating probate for small estates in Washington
Washington residents who have gone through the probate process know how tiring it can be. This process is necessary for most estates, as it allows the court to determine whether the estate plan is authentic. How rough the general probate process is depends entirely on...
How to retitle a vehicle after a person’s death
In Washington, there are three choices for transferring the title of a vehicle after someone passes. Which option works best for you will depend on many circumstances. Co-names on title If there is more than one name on the title, others named on the title can usually...
How a mortgage affects your estate
Bequeathing property in the state of Washington can be a kind gift for a loved one after you are gone. However, inheriting a home or another parcel can come with complications. If the property has a mortgage, your benefactors must take responsibility for the payments....
A closer look at the probate sale process in Washington
Many things can happen to someone's assets after they pass away in Washington. Sometimes, a person has a will or trust in place that takes care of what happens to these properties. But that's not always the case. If someone passes away and has no estate plan, their...
Can you reinvest money from inherited certificates of deposit?
Some people in Washington use certificates of deposit to set aside money for a short or medium period. The benefit of these certificates is that they allow owners to earn a return on their initial investments. If you inherit one or more of these certificates, it's...
Do you need an Employer Identification Number to settle an estate?
It often surprises executors completing their duties on a Washington estate after a person’s death that they need an Employer Identification Number. According to the Internal Revenue Service, as soon as a person dies, their Social Security number ceases to exist....
Paying estate expenses during the probate process
When a Washington resident passes away, their estate will in most cases go through the probate process. During probate, the validity of the decedent’s last will and testament is established, and then various estate-related expenses are paid. Assets are distributed to...
All about probate
Probate is the process in which the court monitors payments of estate debt and distribution of its assets according to the decedent's wishes. If there is no will, the state divides the estate among the qualifying relatives. You can avoid a lengthy probate procedure in...
Guidelines for choosing an executor for your Washington estate
Executors of estates play a vital role in fulfilling your final wishes. They also manage your investments and assets during the probate and distribution process. To fully protect your estate and your heirs, you need to choose your estate executor wisely. Washington...