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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...
In all the excitement of becoming a parent, it can be easy to forget about planning your Washington estate. This is crucial, however, so that your baby is taken care of if something happens to you. It might seem like a complex subject, but preparing these documents is...
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...
The probate period after the death of a loved one is often fraught with lots of red tape. One of the most common and most expensive parts of probate is the handling of real estate, including the sale of a house. Steps of probate with real estate Ideally, the person...
All Washington adults should have an estate plan. However, if they own property in another state, it can complicate matters as that property must go through ancillary probate after their death. This is what that means and how it works. Understanding ancillary probate...
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...
There are many estate planning tools you can use in Washington State to prevent your loved ones from going through the costly, exhausting and time-consuming probate process when receiving their assets. The most popular way to achieve this is, of course, establishing a...