Does Tenancy By the Entirety Matter Where I Live? (Spokane, WA)
When purchasing a home or property, most people do not know that there are several forms of ownership. Regarding inheritance and passing on property, each form has its own way of affecting your property when you die. It’s a bit complicated, but if you are planning on leaving your children property, you should have a…
Celebrate Your Military Family, Improve Your Military Will
There’s an old military adage that says, “No good plan survives engagement.” While this quote’s timelessness must lend credit to its applicability in battle, it transcends its martial roots and applies equally as well to law. Especially Estate Law. Take for instance the idea of a Last Will and Testament. A Will is probably the…
What is a Meretricious Relationship?
When working through estate planning, estate transference, or family planning issues, things are not always as clear-cut as we tend to write about here. For instance, what if you and your unmarried partner (in a meretricious relationship) c0-parent a child from one of your earlier relationships and there’s an untimely death, who will be…
How Becoming Incapacitated Can Affect Your Family
If you should become incapacitated at some point in your life, you can bet it will be both very scary and stressful for you and your family. Becoming incapacitated and unable to take care of your affairs, does not mean that you do not have a plan or say in your care and finances though….
Pay For a Loved One’s Education With an Education Trust Fund
Today’s parents are all too familiar with the budget-busting cost of funding a child’s college education. It can be challenging enough to put aside sufficient savings for a single child’s education, but for multiple kids, the price tag can make donating a kidney for extra cash seem downright reasonable! In fact, a survey by…
Think Your Salary Can Bring You Safely to Retirement? Think Again!
In the sea of financial planning wisdom, there are too few messages about the importance of mindset. Gone are the days when simply saving money was enough to get you to retirement. With pensions practically a thing of the past, it takes more than just a big piggy bank to afford retirement. Saving strategies aside,…
What You Need to Know About a Durable Power of Attorney in 2018
There are several different types of Powers of Attorney (POA). Regardless of the kind of Power of Attorney we are talking about, you are essentially enabling someone else to act on your behalf. Often, you will sign a POA for legal representation, or for other situations in which you might want someone to be able…
Wills & Living Trusts – Which is Better?
Most people won’t be able to describe the difference between a Will and a Trust. Both are potentially beneficial planning devices and serve distinctly helpful purposes for an estate. And both Wills and Trusts are common approaches to end of life planning. So what is the difference? Which is better for you when thinking about…
5 Reasons to Create a Will Today
One of the best things you can do to protect those you love and the assets you will leave behind in the event you pass away is to create a will today. Most people tend to avoid discussing what will happen to their wealth and estate should the worst occur, and we agree, it’s…
Is a Military Will Enough Protection for my Family?
One of the benefits of serving in the United States Military is that you have access to free legal help for things like: Powers of Attorney, Wills & Living Wills, Family care & Family Estate Plan, Survivor benefits, Estate taxes, Probate. However, there are some very important limitations to these supports that you should be…