Estate planning is a beneficial tool for protecting assets that you intend to leave to your loved ones in the event of death or incapacitation. Family businesses are a valuable part of those assets that concern you as well as your family and if not handled properly while constructing an estate plan, can be a
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We now live in the age where DIY projects are extremely popular. These DIY projects range from building your own headboards to planning your own estate; and though some DIY projects end fantastically, is planning your own estate, DIY style, the best choice? We all are aware that attorneys can be costly, however, it is
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According to the 2010 United States Census the number of American choosing to remain single is on the rise. There is a common misconception that estate planning is less important for single people.While the focus of estate planning is often on married couples, estate planning is just as important for single people. However, single people
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In the state of Washington, married couples can use a technique known as a community property agreement to avoid probate. A community property agreement states that, once the first spouse dies, all of their property converts to community property and then immediately transfers to the living spouse. Washington Law allows all marital property to pass
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The American Arbitration Association (AAA) is a non-profit entity that deals with alternative dispute resolution. The AAA provides services dispute resolution services to individuals who are attempting to resolve conflicts outside of the courts. If you are selling real estate in Washington state arbitration, and therefore the AAA, may affect your sale. Arbitration Clauses Are
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Estate planning is a must for protecting the assets you intend to leave to your loved ones. This is because your estate is subject to taxation. A strong estate plan strategically utilizes all applicable tax exemptions, thereby limiting the tax burden on the assets left to your beneficiaries. Without a smart estate plan, the tax
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Smart tax planning is a critical component in protecting assets you intend to leave your loved ones. Assets left to beneficiaries by a decedent are subject to the Federal Estate Tax. Absent a properly crafted estate tax plan, your loved ones may receive less than you intended. Fortunately, with the help of a skilled and
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You can enter into a contract to buy or sell real estate by drafting the contract from scratch, or you can use a standardized form. Nearly every real estate agent in the country uses a standardized form. There’s a reason for that. They’re convenient. Agents need only fill in the blanks. Even if you’re the
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When a person dies, they either die with a will or without a will. A valid last will and testament is a legal declaration made by a person in anticipation of death. It provides for how their property will be distributed upon their death, and who will distribute it. If they die without a will,
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One of the greatest responsibilities of a parent or guardian is the proper care of those who depend on them. That responsibility is even greater for those who parent or care for a child, dependent or loved one who has special needs. You may consider creating a special needs trust to ensure that your loved
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