Your Washington Wills, Trusts, and Estates Explained Simply : Important Information You Need to Know for Washington Residents

by Ashar, Linda C.

• ISBN13: 9781601384225
• ISBN10: 160138422X
• Format: Paperback
• Copyright: 2010-11-30
• Publisher: Atlantic Pub Co

Summary

Few people want to think about what would happen to their family if they become disabled or die; however, planning for these occurrences in advance will reduce potential stress on your family later in life. This new book will take the guesswork out of planning your estate and help you finally understand the complex processes.

Table of Contents

Estate Planning: What Is It?	p. 9
Getting Started	p. 11
Estate Planning Simplified	p. 12
Everyone Dies: A Simple Statement, Complicated Implications	p. 13
Money Talk	p. 15
I Do What with All This?	p. 16
Here and Now	p. 19
What This Work Can Do	p. 24
What Exactly is Involved	p. 25
Estate Planning Basics	p. 29
Debunking Myths	p. 31
Your Estate	p. 33
People	p. 34
Who Will Carry Out Your Wishes in Your Place?	p. 44
People of Influence	p. 51
Components of an Effective Estate Plan	p. 55
Legally Speaking	p. 56
Defining Your Estate	p. 60
Pass the Parchment	p. 60
Taxes	p. 77
Federal First	p. 78
Now for the State	p. 83
When, Not If, You Pay	p. 85
Wills	p. 95
Will Basics	p. 96
Wills Defined	p. 97
The ôOtherö Will	p. 105
People Speaking for You	p. 108
Change and Your Will	p. 110
Trusts	p. 113
What is a Trust?	p. 114
Types of Trusts	p. 118
Insurance	p. 127
Insurance for Here and Now	p. 129
Insurance for After You Are Gone	p. 137
Varying Beneficiaries
Retirement Accounts	p. 145
Your Nest Egg	p. 146
IRAs and Then Some	p. 150
Your Government Nest Egg	p. 152
Protecting Your Eggs	p. 154
Retirement/Estate Planning Strategy	p. 156
Setting Priorities	p. 161
Your Own Who's Who	p. 162
Memory Lane	p. 167
Your ôPeopleö	p. 170
Must-Do	p. 171
Choosing Who, What, How, When, and Why	p. 175
Who and When: The Matching Game	p. 176
When: Today, Tomorrow, or Later?	p. 179
How: The Professionals	p. 181
Planning Your Estates Last Will and Testament in Washington	p. 189
Elements of a Valid Washington Will	p. 190
Changing Your Will - Codicils	p. 191
Oral or Nuncupative Will	p. 192
Where to Keep Your Will	p. 192
Beneficiaries, Debts, and Entitlements	p. 193
Gifts by List	p. 196
Passing Property Outside of Probate	p. 197
Intestate in Washington	p. 197
Death Taxes	p. 198
How Your Will Might be Challenged	p. 198
A Different Type of Will - Your Living Will in Washington	p. 200
Keeping it Current	p. 201
What Changes?	p. 202
What Does ôMaintenanceö Look Like?	p. 204
What to Go Over	p. 208
Your Desk	p. 209
One Last Motivator: Probate and You	p. 211
Your Estate in Black and White	p. 221
Prioritization	p. 224
Who, What, How, and When	p. 225
Essential Documents and Accounts Inventory	p. 226
Party Planning with an Unusual Twist	p. 245
Estate Plan Summary Sheet	p. 247
Annual To-Do List	p. 249
Conclusion	p. 219
Estate-Planning Worksheets	p. 221
Washington Death With Dignity Act	p. 251
Washington Probate Form	p. 255
Washington State Health Care Directive, Statutory Form	p. 257
Glossary of Terms	p. 261
Bibliography	p. 283
Biography	p. 284
Index	p. 285
Table of Contents provided by Ingram. All Rights Reserved.