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February 2013 Archives

Lakers' owner left team to kids, lesson for Washington families

Washington's basketball fans were no doubt familiar with Jerry Buss, the much-loved owner of the Los Angeles Lakers, who died recently at age 80. Many athletes and sports professionals have recently eulogized Buss as an innovator and a great businessman who grew his empire from a $1,000 investment into a $1 billion sports franchise.

Beneficiary designation tips for Kent IRA owners

For many Kent residents, an individual retirement account may be their most significant personal asset. A person's IRA often represents both a source of retirement benefits and the source of an individual's legacy to heirs. Because IRA assets pass directly to designated beneficiaries, they can provide a convenient way to avoid the complexities of estate administration. Unfortunately, people commonly make simple mistakes when it comes to naming the beneficiary of an IRA that can lead to unintended consequences.

Choosing an executor for Kent estates

Effective comprehensive estate planning generally requires the advice and services of a licensed attorney with the experience to recognize the benefits or problems that may arise around individual circumstances. Fortunately, addressing the legal aspects of estate planning need not be overly stressful or expensive. The more difficult challenges in formulating an estate plan tend to be choices that need to be made on a purely personal basis. One of those difficult choices can be the selection of who to nominate as the executor of your estate.

Long term care planning not just for Kent seniors

Facing up to our own mortality presents a challenge at any stage of life and, unfortunately, many of us cling to the idea that we can put off making plans for incapacity until we reach our elder years. Fortunately, most Kent residents will have the good fortune of aging into their golden years before it falls upon loved ones to carry out their end-of-life wishes. Unfortunately, as the story of one paralegal illustrates, some of us may need to rely others to make difficult decisions long before anyone expects.

Make Your Consultation Appointment

To speak with an attorney at Gellner Law Group about estate planning, probate, trusts, wills or tax controversy, contact our law office in Kent, Washington, today. You can call 425-336-2908 or send us an email. We provide representation across the entire Seattle-Tacoma metropolitan area.

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Kent Office
8407 S. 259th Street
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Kent, WA 98030

Phone: 425-336-2908
Fax: 253-852-0400
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