The American Tax Payer Relief Act of 2012 (the “Act”), also known as the “fiscal cliff legislation,” was approved by Congress on January 1, 2013. Thankfully, this legislation eliminated much of the uncertainty regarding federal estate tax. In 2012, the federal estate tax threshold was $5,120,000 per person (or $10,240,000 for married couples). Specifically, estates falling below this asset level
As you are aware, Washington voters recently approved Referendum 74, legalizing gay marriage. The new law took effect on December 6, 2012. How might this change impact your estate planning? Changes to Washington Registered Domestic Partnerships. If you currently have a Washington State domestic partner, here are some key points you should know: If you decide to marry your partner,
Substitute House Bill 1051 (“SHB 1051″) became effective this year, significantly impacting the administration of trusts, the duties of trustees, and the rights of trust beneficiaries. If your estate plan contains a testamentary trust, you should be aware of these new requirements. We wanted to let you know about a few key changes, primarily involving notification and reporting rules for
Northwest Real Estate Forum with Patricia Wangsness Interview with Stacey Romberg on Real Estate in Estate Planning, Probate, Wills and Trusts - 8 minutes 50 seconds. Northwest Real Estate Forum, Real Estate Web Video Resource with Patricia Wangsness. www.northwestrealestateforum.com Bookmark on Delicious Digg this post Recommend on Facebook Share on Linkedin share via Reddit Share with Stumblers Tweet about it Subscribe
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Question: “What is the process of working with Stacey to complete your Will and other estate planning documents? Answer: It’s straightforward. Step 1: Complete the Estate Planning Form on this web site. This form asks a lot of questions about your assets, family members, etc. Although it can be lengthy and time consuming to complete, this information is needed in
Last Will and Testament Your Last Will and Testament enables you to make a legal disposition of your property upon your death. You select a person you trust, known as a “Personal Representative,” to administer your estate according to your stated instructions. General Durable Power of Attorney This document enables you to select a person, referred to as your “Attorney-in-Fact,”
