How do you find a decent elder law attorney in Tacoma, WA, Kirkland, WA or elsewhere? What is an elder law attorney anyway? In Tacoma, WA, a elder law attorney might answer this question, what is an elder law attorney, differently than an attorney in Kirkland, WA let alone a different state. Some elder law attorneys focus only on guardianships. I myself am a probate attorney but my definition of elder law attorney in one that helps families pay for long term care. [Read more…]
While federal estate tax exemptions have allowed a vast majority of wealthy individuals to avoid hefty estate taxes after the death of a loved one, families in some parts of the country are still subject to state taxation. 21 states, including Washington, have put separate levies on personal estates and inheritance. While the federal exemption allows for $5.25 million untaxed dollars, in most of these states, only $1 million is exempt. Any amount over the exempt limit is subject to taxation percentages. Therefore, in a state like [Read more…]
When choosing an Assisted Living Facility (ALF), my clients often make decisions based solely upon amenities, location or the pet policy. Too rarely, attention is paid to the lease agreement. In most cases, residents sign a contract to rent an apartment with additional features such as prepared meals, activities and transportation. Care services are added to the base rent.
Unfortunately, [Read more…]
What is “Estate Planning?” Ever wonder? Attorneys and financial advisors use the term frequently. When you hear the words, you likely think first of an attorney drawing up legal documents, documents such as a Last Will and Testament, Powers of Attorney or a Trust. When speaking with your financial advisor, he or she might discuss with you issues such as probate and estate tax. It is completely understandable if you are still not entirely clear about the meaning of the term “estate planning.” It is understandable because estate planning is not paperwork and it is not a tax return. Estate planning is the sometimes complicated process of passing your assets to your loved ones after you die. [Read more…]