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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...
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....
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...
An executor is an individual chosen to manage someone's estate affairs after death. This person, selected by the individual who wrote the will or a court, is responsible for managing the estate's assets, paying debts and distributing assets to beneficiaries. In some...
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...