The Six Biggest Estate Planning Mistakes
What are the biggest estate planning mistakes? Putting together a long-term plan for your family can be overwhelming and challenging to navigate. There are a handful of common estate planning mistakes that you can avoid when making important decisions for your family. 1) Failing to Plan The biggest mistake is failing to create a plan…
Reasons Why You Should Set Up a Trust
Why should you set up a trust? Many estates include a trust, in which one party manages and possesses assets on another party’s behalf. It is common for parents to leave a trust for a child and have a responsible family member oversee this trust until the child is of legal age. What are the…
Estate Planning for Minimalists
What is estate planning for minimalists? Minimalism is a lifestyle that means living and thriving on the bare essentials. You can use minimalism principles throughout your life, from your home to future plans. An important way to prepare for your future with minimalism is to plan your estate. How should minimalists approach estate planning? Let’s dive…
How to Set Up a Trust for Your Child Right Now
Need to set up a trust for your child right now? As a parent, it is good for you to create a plan for distributing your assets in the case of your untimely passing. Part of that involves setting up a trust for your children. In a trust, you can choose a trustee who oversees such…
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…