Write Your Will: 8 Things You Need to Get Ready
What things do you need to get ready before you write your will? The estate planning process allows you to decide what will happen to your assets once you are gone. You may also plan for how to manage your debts and other obligations. If you have children, you can designate someone to serve as…
Does All Property Have to Go Through Probate When Someone Dies?
Does all property have to go through probate when someone dies? During the estate planning process, you must decide how you would like your assets to be distributed after you die. Your last will and testament will name someone to act as your personal representative. The will may contain all of your instructions on what…
What Is A Holographic Will And Does It Stand Up To Legal Scrutiny?
What is a holographic will? A holographic will is a handwritten will signed exclusively by the individual making the will. State laws vary regarding the legality of holographic wills. Some states recognize holographic wills only from active members of the military. Other state probate courts require two witness signatures on a holographic will to confirm…
The Substantial Risk of Writing a Will Without a Lawyer
What is the risk of writing a will without a lawyer? Each state has strict laws that govern the probate of estates—whether with or without a will. Unfortunately, this means that if a will is challenged as invalid and thrown out, the testator will no longer have control over what happens to their estate. Trying…
What You Need to Know about the Death Tax in Washington State
What do you need to know about the death tax in Washington state? Nobody wants to pay more taxes than they must. If you die without properly preparing for Washington estate tax you will be paying more in taxes and leaving less to your heirs. The Difference between an Inheritance Tax and an Estate Tax…