Parents of children with disabilities often utilize a special needs trust to plan for the financial future of their child. These SNTs are able to manage the beneficiary’s assets while still allowing them to remain eligible for public benefits. Medicaid and Supplement...
Gig Harbor Estate Planning And Probate Law Blog
When to start the estate planning process?
Estate planning is a crucial step to ensure that your assets and property get distributed according to your wishes after your death. Many people wonder when they should begin the estate planning process, and the simple answer is that it is never too early to start....
Is hiding your estate planning from your kids a good idea?
Parents often hesitate when sharing the details of their estate planning with their adult children. Historically, parents have done this to avoid hurting their children’s feelings, avoiding requests for money now and, naturally, the difficulty of thinking of...
Who is behind those mailings about buying properties?
If you own real estate, ads from curious buyers might frequently arrive in your mail. You are likely wondering about the nature of these potential purchasers. The answer is that these are untrustworthy actors looking to dupe unsuspecting sellers. Several revelations...
Things to keep in mind when choosing a business entity
Launching a business can be exciting and intimidating, especially for new entrepreneurs. A crucial decision involves what entity to form for the new company. An intelligent choice of ownership structure can lay the foundation for success or struggle in a business....
How to address a tax controversy with the IRS
Finding yourself in a tax controversy with the IRS can be a daunting and complex experience. Although tax controversies are stressful, there are ways you can approach your dispute with IRS and pursue a favorable outcome to your case. It can be helpful to understand...
Why hire a management company for family-owned properties?
Inheriting property is exciting, especially if you have the opportunity to make some extra income. However, it can get complicated when you are a co-beneficiary. Not everyone who has an interest in real estate has the same ideas about leasing it out. These are reasons...
Common pitfalls of handling a property dispute yourself
Property disputes can arise for a number of reasons, from a fence crossing over established boundaries to your neighbor's septic tank contaminating your land. While it only seems cordial to exchange words with your neighbor before escalating the matter, you should...
The unexpected costs of inheriting real estate
Inheriting a family property brings more than just the memories of time spent in the home. This transaction brings along the expenses associated with the property, and in some cases, these amounts can surpass your ability to retain the property. Although it is a...
Avoiding probate for the vacation home using a living trust
Planning your estate involves considering what will happen to your assets after your death. The most commonly known aspect of estate planning is preparing a will. However, you have other options that could make it easier for your family once you are gone. What is a...