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February 2025 Newsletter
Jensen Estate Law
February 2025 Newsletter
Estate planning decisions today can have a lasting impact on your loved ones. This month, we’re covering key topics to help you make informed choices, from avoiding common mistakes when naming beneficiaries to understanding potential changes to Washington’s estate tax.
If you’ve named a minor child as a direct beneficiary, it may be time to reconsider. Explore why a trust may be a better option to ensure their inheritance is protected. We’re also keeping an eye on proposed updates to Washington’s estate tax, which could affect exemption amounts and tax rates in the coming years.
With tax season approaching, now is a great time to review your estate plan. Our upcoming Tax Season 2025 Webinar will cover key updates, including tax law changes, trust taxation, and estate tax implications. Need a refresher before then? Check out our past videos on estate and tax planning to stay ahead.
Don’t Name a Minor Child as Direct Beneficiary – Here’s Why!
Naming a minor child as a direct beneficiary on life insurance policies, retirement accounts, or other assets can create unnecessary legal and financial complications. Because minors cannot legally manage inherited funds, the court must appoint a guardian to oversee the assets—a process that can be costly, time-consuming, and out of your control. Even worse, once the child turns 18, they typically receive the full inheritance outright, regardless of their financial readiness.
A trust offers a better solution, allowing you to designate how and when the funds are distributed while ensuring they are managed responsibly. With a trust, you can protect your child’s financial future, minimize court involvement, and ensure their inheritance is used as you intended.
News & Updates You Should Know
Proposed Changes to Washington’s Estate Tax Could Impact Your Plan
Webinar: Tax Season 2025 Key Updates
Be Ready for Our Next Webinar!
March 2024 Newsletter
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February 2024 Newsletter
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January 2024 Newsletter
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