News & Analysis as of October 12, 2024

Living Trust

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Estate Planning is a process where individuals prepare or plan for the settlement of their personal affairs in the event of incapacitation or death. Estate plans typically include provisions relating to the disposition of assets, guardianship of minor children, and appointment of representatives to make medical and financial decisions. Effective estate planning can decrease tax liability and facilitate the probate process. less -

When Do I Need A Living Trust In Washington?

Dunlap Bennett & Ludwig PLLC on 3/22/2024

A living trust, also known as an “inter vivos” trust, is a trust that you create while you are still living. Trusts can be understood as a type of contract between the funder of the trust (“trust grantor”), the trustee, and...more

Do I Need A Will Or Living Trust In Washington State?

Dunlap Bennett & Ludwig PLLC on 3/6/2024

Choosing between a will and a living trust in Washington state can be confusing for various reasons. You may feel that you don’t know which estate planning tool will help you manage your financial portfolio or complex assets....more

Is it Time to Update Your Estate Plan?

Amundsen Davis LLC on 6/7/2023

Things change; a periodic review of your estate plan is an important part of plan maintenance. Your basic estate plan (will, trust, powers of attorney, etc.) can be amended whenever necessary. It’s important to consider your...more

Comparing Inter Vivos and Testamentary Trusts

Adler Pollock & Sheehan P.C. on 3/9/2023

Creating and adhering to an estate plan is no simple task. Generally, the end goal of estate planning is to divide up and transfer assets to loved ones at a minimum or zero tax cost. Of course, a will is a good starting...more

What Is A Living Trust?

Lewitt Hackman on 1/16/2023

A living trust is a way of holding title to your assets so they will not have to go through probate (a Court supervised estate administration) upon your death. The trust states what happens to your assets if you are...more

What Does “Probate” Mean?

Adler Pollock & Sheehan P.C. on 6/29/2021

The term “probate” is one you may have heard and might associate with negative connotations, but you don’t fully understand what it is. For some, the term conjures images of lengthy delays waiting for wealth to be transferred...more

It’s All About Trust

Smith Debnam Narron Drake Saintsing & Myers,... on 3/23/2018

Trusts are popular estate planning tools people use for a variety of reasons including providing for the long-term management of assets for minor beneficiaries, people with disabilities, or financially irresponsible adults....more

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