This blog is written by Michael D. Whipple, managing partner at the Whipple Law Group. While its content is not intended as legal advice and should never be considered a replacement for actual, legal counsel, the information presented here is intended to provide helpful insight into the terms and procedures related to estate planning.
Please feel free to contact Mr. Whipple or any of the Whipple Law Group dedicated attorneys, at 509-869-3223, for further help or information.
If you reside in Washington, you might be curious about the estate tax; what it means, and its potential impact on your assets and loved ones upon your passing. In this article, we will dive into the details of the Washington estate tax, including the current exemption, how it is calculated, and ways to minimize…
RCWs and WACs and Bears “OH MY!” In Washington, we are governed by a system of laws. These include federal, state, and local (municipal) statutes, regulations, rules, and ordinances. In addition, there is a whole body of case law, that serves to interpret the application of these underlying laws. For example, there are many laws…
Dealing with the distribution of physical items in an estate can be a daunting task, and the question of “Who gets what?” often poses a significant challenge. Below, we’ll explore common issues people face and some creative potential solutions to make the estate inventory process smoother and more equitable. The Problem: Cut the Car in…
The Whipple Law Group is proud to announce its selection to Expertise.com’s Top 9 List of Best Estate Planning Attorneys in Spokane for the year 2024. This prestigious recognition is a testament to our firm’s unwavering commitment to providing exceptional legal representation in estate planning. Expertise.com, a trusted source for connecting individuals with top-rated professionals,…
What Does it Mean to Be a Personal Representative? Being appointed as the personal representative, commonly known as the executor or administrator, of an estate is a position of significant responsibility and trust. Ultimately, the role demands integrity, clear communication, and a commitment to honoring the deceased’s legacy while ensuring the estate’s proper administration, which…
Starting an Estate Plan Creating a plan for your estate is an essential task. It creates a road map for your family and beneficiaries to follow, in the event of your passing, that is clear and legally binding. The scope of your estate plan should consider all assets, as well as your medical care and…
Business succession planning (i.e., an estate plan for your business) is a crucial component of personal estate planning that ensures a smooth transition of ownership and management of a business from one generation to the next. Succession planning involves the development of a comprehensive strategy to identify potential successors within the organization, as well as…
Estate planning goes hand-in-hand with probate. Probate serves to legally transfer your assets to your heirs. Estate planning ensures that your assets are transferred in the manner you decide. You maintain control as to who receives your property and in what shares. Working with an experienced attorney can enable you, in some cases, to reduce…
What happens to my pet after I die? Our estate planning attorneys help you answer that question, and give you the peace knowing that your pet will be well taken care of after you are gone. For many pet owners, their furry friends are not just animals but beloved family members. The thought of leaving…
If you own a home, business, or investments, there is a good chance that you will need a trust to protect your wealth. Because individual needs vary, it is almost impossible to approach trust creation from a one-size-fits-all perspective. Instead, your individual needs, personal goals, familial circumstances, and finances must be considered as a whole…