It’s All in the Family: Understanding Common Legal Terms That Describe Loved Ones While watching a movie or reading a book about wealthy individuals and their families, you may have come across terms such as “heir,” “descendant,” and “next of kin.” Though...
Proposed Changes to Washington State Estate Tax: What You Need to Know Washington State is considering significant updates to its estate tax structure, with House Bill 2019 (HB 2019) and House Bill 1375 (HB 1375) currently under review. These proposed changes could...
Rethinking Inheritance – Alternative Distribution Strategies For many families, leaving an inheritance is not just about passing on wealth—it’s about ensuring financial security, promoting responsible management, and preserving family values. While it may seem...
Don’t Name a Minor Child as Direct Beneficiary! Naming a minor child as a direct beneficiary of an account or a Will can lead to several complications and challenges that may affect the child’s financial future. Here are some key reasons why this practice is...
Introducing the Washington Gift Trust for Your First Advanced Planning Strategy For Washington residents, estate planning involves unique tax considerations. Unlike federal guidelines, Washington State sets a much lower threshold for estate taxes, which can apply to...
A Beacon in the Dark: How Care Management Trusts Guide Your Healthcare Decisions As you age, you may face the challenge of maintaining your independence and dignity while receiving adequate care. You may also want to stay at home and avoid going to a nursing home...
