Monthly Archives: January 2024
Three Ways to Save on Washington Estate Taxes
The estate tax in Washington is among the highest in the country. The amount of estate taxes range from 10 to 20 percent and they increase depending on the value of the estate. Unlike other states, though, Washington does not have an inheritance tax. An inheritance tax is placed on the beneficiaries of the… Read More »
Tips for Avoiding Probate in Washington State
Going through the probate process in Washington State can be an expensive and time-consuming undertaking. The longer probate takes, the longer your beneficiaries will have to wait to receive the inheritance you left for them. However, not all estates in Washington have to go through the probate process and there are tips you can… Read More »
What is a Living Will in Washington?
Nobody wants to think about the end of life and it is easy to put it off, particularly for those who are young and healthy. However, careful planning can ensure that your final wishes are fulfilled and that you are treated with dignity. While living wills are an important part of any estate plan,… Read More »
Do All Estates Have to Go Through Probate in Washington?
Probate is a legal process overseen by the courts that is sometimes required after a person passes away. Probate gives the personal representative of a person’s estate the authority to pay the taxes and debts of the deceased, collect their assets, and ultimately transfer assets to beneficiaries. The personal representative of the estate is… Read More »
4 Things You Need to Know About Washington State Medicaid Planning for 2024
For many Washington residents aged 65 and older, the cost of receiving long-term nursing home or other institutional care is prohibitively expensive. Medicaid can provide benefits to cover these costs. But there are strict income limits and other eligibility requirements a senior must follow in order to qualify and remain eligible. So if you… Read More »