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Estate Planning Archives

Understanding the uses of living wills in Washington

Most Washingtonians understand the need for a will that will dispose of their assets at their death. Less well understood is the living will. Many people are aware of the term but do not understand it. In this post, the uses of living wills will be explained.

You may not realize it but you likely have an estate

During the course of a Vancouver resident's life a person may acquire and divest themselves of different parcels of real property, items of personal property, or intangible assets such as bank accounts and investments. They may have periods of life in which they own many things and they may experience moments when their property and assets are minimal. However, at any given point in a person's life they likely own something and that with everything else they own is considered their estate.

What is a power of attorney in Washington estate planning?

Residents of Vancouver may have heard of a power of attorney, perhaps due to dealing with a relative's difficult medical or financial situation, or perhaps just in a general way. However, many people may not be clear on exactly how these documents are used, why they may be important, or what they need to contain. In estate planning circles, powers of attorney are a crucial tool in executing the intent of an individual.

What should a parenting plan cover?

Growing old is inevitable, and so is the fact that over time circumstances change. Some Washington residents may find themselves facing physical health issues and others might face cognitive health issues. Regardless of what they are going through, planning for the future, to tackle whatever issues one might face, is essential. There is a lot of uncertainty in the future, but it may be possible to shape it to achieve the goals you want, if you engage in timely estate planning.

Why choose an irrevocable trust?

Even when Washington residents finally accept the importance of timely estate planning to protect their loved one's future, they may become daunted by the complicated estate planning tools available for them to utilize. Between the different types of wills and trusts, drafting estate planning documents can become complicated and overwhelming. But, with a little clarity on what one hopes to achieve through estate planning, it may be possible to choose a correct tool.

Preventing will challenges an important part of estate planning

This Vancouver legal blog has previously discussed some of the benefits of establishing a solid estate plan during one's lifetime to protect the passage of the planner's assets and wealth at the time of their death. Although many problems can be anticipated during the estate planning process it is sometimes very challenging to avoid having one's will challenged once it is to take effect. This post will touch on a few of the strategies an estate planner may employ to reduce the chances of seeing their will challenged, though individuals are asked to speak with their own attorneys to ensure that they have done what they can to solidify their own wishes for their estate planning documents.

A Client's Thanks to New Associate

We want to thank William Gellatly for his kind words to our Associate Attorney, Crystal Lewis, and for allowing us to share them with others. It's always nice to hear when we've done a good job! 

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Marsh, Higgins, Beaty & Hatch, P.C.
1112 Daniels Street, Suite 200
Vancouver, WA 98660

Toll Free: 866-678-1372
Phone: 360-450-0993
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