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…
Losing a loved one is never easy, and the process of settling their estate can be overwhelming. If you have been named as the personal representative of an estate, you may be wondering what steps you need to take to begin opening probate and the estate administration process. In this article, we will outline some…
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…
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…
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…