Author Archives: Michael Gunning
Washington State Estate Tax Exemption for 2023
Remind me, does Washington have an inheritance or estate tax? Washington does not have an inheritance tax, but there is a Washington State Estate Tax . Estate tax rates in Washington state are progressive, ranging from 10% to 20%. The estate tax in Washington applies to estates with a value of $2.193 million and… Read More »
Avoid Probate Using a Living Trust
Living trusts are a great way to avoid probate. Here’s what you need to know about how to avoid probate with a living trust. Living trusts are a way to make sure that your money goes where you want it to. Most individuals wish to leave as much of their wealth to their children… Read More »
3 Tips for Siblings Caring for a Senior Parent
Sharing care among siblings is a reality for millions of Americans. By encouraging good communication and assisting one another as much as possible, the demanding job of caring for senior parents may be a pleasant, rewarding experience that draws siblings closer together. According to the old adage, many hands make light work, which is… Read More »
Baby Boomers are Making These 5 Common Estate Planning Mistakes
The baby boomer generation reaches from the early 1950s to mid-1964 and is sometimes known as the “greatest generation.” Approximately 76 million people born during this period are referred to as boomers. Boomers are typically diligent, take vacations, are fiscally conservative, and avoid taking chances. Unless it’s an age 65 Medicare-eligible birthday party, they… Read More »
Electronic Wills in Washington Legal Since January 1st, 2022
Governor Jay Inslee signed Senate Bill 5132 in 2021, which adopts the Uniform Electronic Wills Act (the “Act”). This means that electronic will become legal in Washington beginning on January 1st, 2022 . A “wet” ink signature was formerly required to execute a lawful Washington Will. The testator (the person creating the Will) was… Read More »
Benefits of Attending an Estate Planning Seminar
You may have heard friends talking about the estate planning seminar they went to or seen a flyer in the mail or newspaper and thought to yourself: “That sounds like a good idea, but is it worth it? Well, the answer is YES! At Moulton Law Offices, we think that educating yourself and obtaining… Read More »
Coeur D’ Alene Estate Planning Seminar
By attending our Coeur d’Alene estate planning seminar , you’ll learn how to make the estate planning process as quick and painless as humanly possible. At Moulton Law, our Coeur d’Alene estate planning lawyers are committed to providing expert legal advice based on each client’s unique circumstances. Our primary objective is asset security. When… Read More »
Trust Planning for Minors – 4 Mistakes to Avoid
Trusts are complicated legal instruments that require an attorney with a keen eye and foresight. If an estate planner fails to make specific considerations, they may endanger their reputation and the financial security of a beneficiary. To avoid being caught in this trap, here are some typical blunders to avoid when creating trusts for… Read More »
What You Should Know About Idaho Estate Planning
Death is something that most individuals would rather avoid thinking about, which unfortunately leads to many people avoiding the creation of an Idaho estate planning strategy altogether. However, ignoring the facts of life and death does not make them go away; it merely adds to the difficulty. An estate plan is a good idea… Read More »
Types of Trusts Available in Washington State
Many people are familiar with the three major types of trusts available in Washington State, but you should be aware that there are several more variants to choose from based on the circumstances. People understand the term “trust” from television portrayals of prosperity or have heard the phrase “trust fund children” in popular culture… Read More »