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When a person dies in the state of Washington, the courts will refer to that person as the "decedent" during court probate proceedings. The decedent's property will be divided according to the terms of their estate plan or by the state's intestacy laws. For example,...
When it's time to choose the executor of your estate, you may not realize that you can't choose just anyone. Washington has certain restrictions in place on who can serve as executors. Adults of sound mind Minors can't serve as executors of estates. The person whom...
When someone dies in Washington, their assets must be distributed in a specific order set forth by law. This process is known as "probate." While probate is necessary in some cases, there are many situations where it isn't ideal, so formulating your estate plans to...
Losing someone you care deeply about is always difficult. But when an unpaid debt or a mortgage is added into the mix, things only get harder. Fortunately, with enough information and planning, it's entirely possible to use probate in a Washington courtroom to put...
The process of probate ideally happens with a single, authoritative will that allocates assets in a way that cannot be easily challenged. But not every estate process is that simple. There is sometimes a lost or destroyed will. In those instances, Washington state law...
For those who live in Washington and are dealing with a loved one passing away, the estate tax can be a surprise expense as part of that process. It is important to be aware of the costs and rates for the estate tax. Estate Tax The estate tax is actually made up of...
Knowing the ins and outs of estate planning can be essential if you are planning for your future. If you have CDs, retirement accounts, or own real estate in Washington, it's a good idea to set up a plan for how your assets are going to be distributed after your...
When people in Washington consider their plans for the future, they may want to consider not only making out their will or developing a trust but also assigning proper beneficiaries for bank accounts and other funds. A transfer on death beneficiary named on an account...
Simplified probate makes it easier for a surviving spouse or beneficiary to collect the remaining estate. There are faster, more streamlined ways of transferring a deceased person's assets in Washington. Streamlining the process Most states have simplified versions of...
If you own funds in a bank in Washington state, it's essential to create a will and designate a beneficiary to receive them. Otherwise, distributing your money will be handled by another party, which may not be what you would like. Creating an estate plan allows you...