Once upon a time, it was unheard of for a family member to decline a piece of property bequeathed to them by a deceased loved one, but today, it is becoming more and more common for individuals to do just that. With the housing marketing on perpetually shaky ground, and property taxes at an all
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The area of elder law is a complex and often unrecognized one, yet it is an area of law that is extremely important to the future health care and financial stability of Washington’s aging residents. Elder law covers topics such as long-term care assistance, Medicare and Medicaid, medical and mental health issues, estate planning, wills,
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One of the smartest documents that an individual can create to protect themselves and their assets in the event of sudden incapacity is a durable power of attorney. A durable power of attorney is a document that grants a specified individual the power to make medical decisions on your behalf should you ever be in
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The average monthly cost of a room in a nursing home in Washington is $8,078—nearly eight times more than the average monthly mortgage payment of $1,193. The average yearly total for a private room in a Washington nursing home is $95,995—$12,000 more than the national average. For many individuals, this yearly cost is the same
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Oftentimes, when an individual is unable to manage their finances on their own, they will create a power of attorney and hire a financial agent to take on the responsibility for them. A financial agent has complete access to an individual’s finances and has the power to do most everything financially related on the individual’s behalf,
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For parents with a child with special needs, one of their biggest concerns is how they are going to continue to support their child after their death. While it is a parent’s first instinct to leave them a large amount of money in a private bank account, doing so could actually have negative implications on
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Making post-life arrangements is not something that many people want to do, but it is something that needs to be done despite the discomfort it may cause. Most people opt to create a will, as it is most conventional and requires very little maintenance once drafted and finalized. However, there are several estate planning tools
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This year, Washington lawmakers passed a new bill, known as the Uniform Power of Attorney Act, which goes into effect January 1, 2017. The new law will make substantive changes to how powers of attorney are established and terminated in the state. Signing Formalities Under the terms of the new law, a power of attorney
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In Washington, individuals who sell residential homes are required to disclose certain details to the buyers about the property. Failing to disclose may result in a sale falling through, so if you are interested in selling your home, it is important to speak to a real estate attorney who can explain a seller’s legal obligations.
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When an individual passes away and leaves his or her remaining assets to friends and loved ones, a probate court must oversee the distribution of the estate. Probate proceedings can be expensive and time-consuming.Fortunately, Washington offers a variety of probate shortcuts. Claiming Property With an Affidavit In Washington, certain individuals can skip the probate process
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