Why estate planning is like potty training. Cheers, Christopher Small Estate Planning Attorney PS – Click here to schedule a FREE strategy session with an estate planning attorney.
Revocable Living Trust Reason #2 – Divorce Protection We’re continuing our discussion of reasons you might want to have a revocable living trust and today we’re going to talk about the big D. Divorce. Before you get too uneasy, though, we’re not talking about YOUR divorce. A revocable living trust that you create gives you essentially no protection in the event you are divorced (remember, the revocable nature of the trust – i.e. you can change it at any time,…
Biggest estate planning mistake I see people making every day (probably even you!). Cheers, Christopher Small Estate Planning Attorney PS – Click here to schedule a FREE strategy session with an estate planning attorney.
What if You Find a Will After Probate Opened? When people pass away they don’t always do so with a high level of organization. Sometimes it’s not planned. Sometimes they are just disorganized. Whatever the reason, sometimes it is difficult to find the important information and documentation one needs when someone dies, including a will. If you can’t find a will and probate is necessary at some point you have to petition the court and open probate. But what happens…
Revocable Living Trust Reason #1 – You Love Your Kids I was doing a will signing with a client yesterday and they asked me why other people get revocable living trusts. I spouted off about 10 different reasons and while I was doing so I thought to myself “this would be a great series to run on Estate Planning TV.” So here we are. Here is the first, of many reasons, you may want to include a revocable living trust…
Will My Revocable Living Trust Protect My Assets for My Kids if I Die First? This is a question I get often and was specifically asked this week by a “faithful listener” of the Estate Planning TV Podcast (thank you for that!). The question is this, essentially: “I have a revocable living trust set up with my spouse. I want to make sure that our assets are protected from being completely exhausted from the surviving spouse after the first of…
Three Types of Death Taxes When someone dies they aren’t just facing the possibility of paying estate taxes. There are two other additional taxes to consider. Here is a rundown of the taxes, and when you will want to consider planning to have to pay them. 1. ESTATE TAXES The first type of death tax to be considered is the estate tax. The estate tax is the tax owed upon the assets of the deceased person. Washington State is unique…
