In the realm of estate planning, there are two primary vehicles to ensure your assets get to your heirs: the Last Will and Testament and the Revocable Living Trust. While both serve a similar purpose of distributing assets upon your passing, they
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Most couples mistakenly believe that their family home, held jointly with their spouse, automatically transfers to the surviving spouse.They are wrong.Although the home is titled as “married couple” or designated “community property,” title doesn’t automatically transfer to the survivor at death. By law,
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At The Harbor Law Group, we are adamant about helping every single one of our clients (and, let’s be frank, everyone we know . . . or meet) get their estate properly prepared. Whether that is by drafting a full plan or
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Unless you’ve been living under a rock, you have probably heard about the “Great Pandemic of 2020.” Given the sudden risk of incapacity, serious illness, and death due to the COVID-19 virus, clients are quite literally flocking to our (virtual) doors for
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You’ve probably heard about a “living trust” or a “revocable trust” before but may not know what exactly it is. The concept is not one used in everyday life, but it is much simpler than you might think. A living trust is
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Let’s start with the basics – Washington State has an estate tax. As you splutter out that sip of coffee, prepare yourself for another truth – that tax floor starts at just $2.193 Million. After working a lifetime to build what you
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We’ve all heard the phrase “you can’t take it with you”. But that begs the question…what do you do with your stuff when you pass away!? Do you leave it all to your spouse? Your kids? Give some assets to a special
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If you are reading this article, you probably know that you need a power of attorney. But you also may be wondering – what the heck IS a power of attorney document? This super important document is simply an estate planning tool
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“Why can’t I just create my own estate plan?” Given the current COVID-19 situation which is keeping us all at home, I thought this was the perfect time to address this topic. I am asked this a lot. I mean, why can’t
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We’re “Virtually” Open! This is a unique moment in time. While I love this time home with my family, it has made me realize the butterfly effect we can have on others. This is why our office chose to close its
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