A trust operates as a legal relationship where a right is transferred from one to another who keeps it and uses it solely for the benefit of a third party. In this fiduciary relationship, a trustor grants a trustee the right to hold titles of assets or properties for...
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Trusts
What is a pet trust, and how does it work?
Washington residents consider their pets to be beloved family members. You can keep them safe with your estate planning efforts. One way to do that is to create a pet trust. Understanding pet trusts A pet trust is a legal tool used to protect your pet after you’re...
What assets can you put in a trust in Washington?
Trusts are a great way to pass on assets without the wealth transfers becoming public record. They may also help you save on taxes and speed up or avoid probate. The average probate in Washington takes six to 12 months. Complex estates or those with assets in more...
The merits of a revocable trust
Estate planning in Washington isn’t quite complete without considering creating a trust. Your living or testimonial will is an estate tool that manages your public assets. However, you get to decide what’s public and what remains private. Having both a public and...