Many people choose to include at least one trust agreement in their estate plan. The beneficiaries of a trust have a current or future legal ownership interest in the assets held by the trust. The trust terms will dictate when the beneficiaries receive distributions from the trust and how much they receive. Sometimes, however, a […]
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The Lessons from Lisa Marie
Regular readers of this blog often see articles regarding the latest celebrity whose death created a mess because their Estate Plan failed to properly protect the celebrity’s family and loved ones. It seems that an individual with fame and money could easily avoid that result; however, that’s not always the case. The fallout caused by inadequate Estate Plans of celebrities provides great lessons for Estate Planning practitioners and their clients because the drama unfolds on a public stage. Tragically, Lisa Marie Presley died on January 12, 2023 and her death marks yet another celebrity Estate Plan gone wrong.
Tips for Choosing a Caregiver for a Parent
For an adult child, watching a parent age can be very difficult. We seem to expect that our parents will forever stay middle aged. It can become even more difficult if a parent starts to show signs of physical and/or mental deterioration that often goes along with the natural aging process. If that is where […]
How to Use a Trust to Include Philanthropy in Your Estate Plan
One reason for the popularity of trusts is the numerous and diverse estate planning goals that can be accomplished using a trust. If philanthropy is part of your everyday life, for example, you may wish to consider using a trust to continue that charitable gifting in your estate plan. A Bellevue trust attorney at Legacy […]
Best in the PNW: Vote for Legacy Estate Planning!
We have some exciting news to share! Legacy Estate Planning has been nominated for the “Best in the PNW.” We would greatly appreciate your support by taking a moment to cast your vote. Your participation can make a significant impact. Here’s how you can help: How to Vote: Why Your Vote Matters: Your votes are […]
