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When someone writes a will in Washington, they must name an executor or, rather, someone who will manage and distribute their assets according to their terms. When the testator (the person who created the will) dies, the executor can only start the probate proceedings...
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...
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...
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...
Estate planning in Washington is as important for single people as for couples. An estate plan gives you peace of mind and makes things easier for the loved ones you leave behind. If you don’t know where to begin, the following estate planning tips can help. Create...
One thing many people may not have considered when making an estate plan is the existence of digital assets. Because digital assets are so new and so unprecedented, awareness about them and laws to deal with them have lagged behind. Like many states, Washington has...
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...
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....
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...
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...