Many families watch a loved one suffer with the inability to make safe choices or manage finances as he or she ages. In some instances, self-directed revocable living trust with a professional trustee may be valuable in helping someone you love make choices in his or her best interest.
Kent area residents who are thinking about estate planning may want to spend some time investigating separate trusts. There are often many benefits for married couples who create separate trusts in their estate plan.
Most Kent area residents know how important education is to a person's success in life. When a person is blessed with the means to contribute to a family member's higher education it can mean a world of difference to the recipient. Many grandparents are interested in ways of helping their heirs attend college.
When many people think about an estate plan they often think of the taxes involved. The federal estate tax is often first on their list of things they think they or their heirs are going to have to pay for. There are a few things about the federal estate tax that may be interesting for Kent area residents.
Kent area residents enjoy beautiful surroundings and gorgeous areas to enjoy nature. There are many parks and other protected natural areas in the Seattle area and the State of Washington. Residents value these natural resources and are grateful to have them. For residents who own land a conservation easement may be a valuable part of a will and estate plan.
The thrill of a wedding is something that gets brides and grooms excited for months in advance of the actual event. A person's wedding is one of the happiest days of their lives and is an event that is anticipated by everyone in the family. But after the wedding there are certain important things that newlyweds should think about and one of those is estate planning.
When people think about what will happen after they die they typically hope that other people remember them for a long time. No one wants to be forgotten. Establishing an estate plan that includes a legacy of giving, along with passing assets to an heir, can be a wonderful way to ensure a person's name lives on long after the person gone.
Most Kent area residents know the importance of having an estate plan. Although most people know that estate plans are valuable some may think that they can be expensive. Do-it-yourself estate plans are available but can often lead to confusion.
As the Baby Boomers grow older and older, it is important for their children to help them with their financial matters. As a person grows older, seemingly everyday activities can be harder and harder to navigate. This includes financial matters. Because of that, it is particularly important to make sure that an elderly parent's finances are well-managed. Estate administration is critical for older parents.
When Robin Williams took his own life this past August everyone was in shock. The unexpected death of a beloved movie star and comedian affected many people. But since he died there has been a battle among his heirs over his estate. There are a few things that non-celebrities can learn from this conflict in order to make sure their estate plan doesn't have the same pitfalls.