There are several misconceptions out there regarding estate planning. Many Americans see it as a painful and very costly process when in reality, it's only painful and costly for loved ones left behind if one doesn't have a simple and effective estate plan when one dies. A recent study shows that 44 percent of people between the ages of 45 and 64 do not have a will. Most Americans would rather not think of planning for their demise but for a Seattle woman, this prevalent attitude cost her dearly after her husband was killed prematurely in a biking accident.
Losing a loved one is something we must all face in life. Whether it's a friend, family member or an admired idol, death is inevitable and can be very painful, if not torturous to countless Seattle residents. When our loved ones die, their assets are often distributed among close family members and friends through wills or trusts. But what happens to the deceased's digital property, such as their Facebook accounts? Many people are finding themselves in a bit of a legal gray area when it comes to accessing the deceased's digital assets.
As readers in the Seattle area may know, the current gift tax exemption stands to expire at the end of the year, and so far, Congress has shown no particular interest in acting to maintain the current exemption level. Estate planning professionals have been urging people to consider their options for taking advantage of the exemption before the end of the year, but business owners need to act sooner than others to make sure not to miss out on potential inheritance tax advantages while they last.
Many readers in Kent may have thought about different estate planning options but have not yet taken the steps necessary to prepare their estates for inheritance.
Any Kent resident who has served as the guardian for a vulnerable child knows that the challenges of caring for a loved one do not end with the establishment of legal guardianship. As one father recently discovered, the difficult decisions that need to be made in the scope of everyday care can sometimes distract a guardian from big-picture issues that may arise long after legal intervention because of incapacity. Every guardian needs to remember that resources are available to help you through a trying time.
The Seattle area hosts a diverse population representing a wide variety of religious backgrounds. As upcoming generations face increasing exposure to a range of ideologies, parents may encounter concerns that their spiritual traditions will not be carried on by their children.
Readers in the Seattle area have undoubtedly heard a litany of disturbing tales involving identity theft. What readers may not realize is that estate planning provides a good opportunity to protect against identity theft after death.