This is the time of year when many clients realize that they need to better plan for their absence from the area. Although the risk of catastrophe is probably greater during our regular lives, most of us focus more on our mortality before we embark on big vacation or adventure. Clients report feeling relief knowing […]
Why Young Adults Need an Estate Plan
An Estate Plan is an important milestone in becoming a responsible adult because it allows you to control what happens to your property and your person. Here are nine excellent reasons for young people to have an estate plan (and they have very little to do with money!): 1) You are entering the military. Anyone […]
New WA Law Brings Important Changes in Digital Information Access
An important new law went into effect in Washington State, which deals with increasing fiduciary access to “digital assets.” Who is a fiduciary and what are digital assets? In general, a fiduciary is any person or institution who has the power to act on your behalf in situations that require trust, honesty, and loyalty. These […]
Prince’s Estate Complicated by Lack of Will
According to the Associated Press, the superstar musician Prince died without having a Will in place. Although Prince’s net worth exceeded $300 million, his estate will be administered through needlessly complicated and expensive Minnesota statutes governing estates without a will, known as Intestate Succession. Unlike streamlined probates in Washington, intestate administration requires greater court oversight […]
Donald Sterling court case cements importance of planning for Incapacity
Sticking with the basketball theme of our last blog post, we now turn to the November 16, 2015 decision of the California appeals court that denied Donald Sterling’s bid to undo his wife’s actions as Trustee of his trust corporation in selling the Los Angeles Clippers to Mr. Ballmer. The court relied on the Trust […]
