For many families in Edmonds, WA and across Washington State, an Individual Retirement Account (IRA) represents more than just savings; it’s a cornerstone of long-term financial security. But when it comes to protecting those assets and passing them on wisely, many overlook the powerful advantages of placing an IRA into a trust.

At Washington Elder Law, we work with seniors and families in the Puget Sound and Greater Seattle Area to create estate plans that preserve assets, provide tax benefits, and prevent potential conflicts among heirs. One of the most effective tools we recommend is an IRA Trust.

What Is an IRA Trust?

An IRA Trust is a specialized legal tool that allows you to control how your IRA is distributed after your passing. Without a trust in place, your beneficiaries; whether children, grandchildren, or others may be able to cash out your IRA immediately. This can lead to:

A loss of the tax-deferred “stretch” strategy
Full taxation of the withdrawal in a single year
Rapid depletion of your legacy

With an IRA Trust, you can place restrictions on when, how much, and under what conditions a beneficiary can access your IRA. This approach is especially useful for families in Washington State who want to safeguard their retirement accounts from unnecessary tax exposure or premature spending.

Common Scenarios Where an IRA Trust Is Valuable

1. Minors as Beneficiaries

In Washington, if you name a minor grandchild as a direct IRA beneficiary, the court may require a guardianship or conservatorship to manage the funds. Once the child turns 18, they could withdraw the entire IRA.

With an IRA Trust, you avoid the need for court involvement and protect the inheritance until the child is mature enough to manage it responsibly.

2. Second Marriages and Blended Families

Many clients in Edmonds and the Greater Seattle Area are in second marriages and want to ensure their spouse is supported without disinheriting their children. An IRA Trust can provide income to the surviving spouse while ensuring that remaining funds go to your biological children, not a second family.

3. Concern About In-Laws or Spouses

If you’re worried about your son-in-law or daughter-in-law influencing your child’s financial decisions, a trust can prevent them from accessing or encouraging liquidation of the IRA.

4. Young or Financially Inexperienced Beneficiaries

An IRA Trust can protect beneficiaries from spending their inheritance too quickly. You can set limits or allow distributions only when certain life milestones are reached.

5. Protection Against Lawsuits and Divorce

Although IRAs are generally protected from creditors during your lifetime, that protection may vanish when the account passes directly to a beneficiary. A properly drafted IRA subtrust ensures that the assets remain shielded from divorce, lawsuits, or creditors.

A Lasting Legacy and Smart Tax Strategy

An IRA Trust can also help reduce or eliminate estate taxes, especially if your beneficiaries already have substantial taxable estates. In many cases, any unused IRA funds during your beneficiary’s lifetime can continue in trust for future generations, supporting a legacy that spans decades.

Complimentary Workshops for Washington Families

At Washington Elder Law, we proudly serve clients across Edmonds, Seattle, and the Puget Sound region. We offer complimentary online workshops to help you understand the role of IRA Trusts and other tools in estate planning and Medicaid eligibility.

Want to learn more?
Visit our workshops and register for an upcoming session conducted conveniently over Zoom.

Prefer personal assistance? Contact us or call 206-448-1011 and we’ll be happy to register you.

Protect your legacy, minimize taxes, and provide for your family, on your terms. Let us help you build a plan that reflects your wishes and secures your future.

Losing a loved one is never easy. For families in Edmonds, WA and throughout Washington State, the emotional toll is often compounded by the responsibilities that come with settling a loved one’s estate. Probate – the legal process for distributing assets after death – can be time-consuming, confusing, and stressful, especially if you’re trying to manage everything while grieving.

At Washington Elder Law, we work with clients across the Greater Seattle and Puget Sound region to simplify the probate process and help avoid common mistakes that can lead to unnecessary delays or legal trouble.

Here are some of the biggest missteps we see and how you can avoid them.

1. Mishandling Estate Assets

One of the first duties of an executor or personal representative is to locate and secure the decedent’s assets. This includes everything from bank accounts to real property. Each asset requires a different approach:

Bank and investment accounts may need to be frozen or closed
Real estate should be secured and maintained
Valuables and personal items should be inventoried and stored safely

Failing to act quickly or correctly can expose the estate to risks like theft, property damage, or legal claims.

2. Misclassifying Assets

Not every asset needs to go through the formal probate process. In Washington State, some types of property are considered non-probate assets, including:

Property held in a revocable or irrevocable trust
Financial accounts with named beneficiaries (like retirement or life insurance accounts)
Real estate or other property held in joint tenancy with rights of survivorship

Correctly categorizing assets from the beginning can help streamline the process and reduce court involvement.

3. Not Establishing Date of Death Values

A critical part of estate administration is determining the fair market value of all estate assets as of the date of death. These values impact everything from tax filings to asset distribution.

You may need to bring in a professional appraiser for real estate, collectibles, or business interests. Delaying this step can cause confusion and make it harder to fairly divide assets among heirs.

Local Support for Probate in the Puget Sound Area

Navigating probate on your own can be overwhelming. At Washington Elder Law, we offer complimentary vision meetings to help residents of Edmonds and the Greater Seattle Area understand their probate responsibilities and take the next best steps.

Whether you’ve recently been named executor or just want to learn what probate involves, we’re here to help you approach the process with clarity and confidence.

Ready to simplify the probate process? Contact Washington Elder Law today or call 206-448-1011 to schedule your complimentary vision meeting. We’ll help ensure your loved one’s estate is handled with care and in full compliance with Washington law.

As we step into a new year, many families in Edmonds, WA and throughout the Greater Seattle area are taking stock of their goals and priorities. While some resolutions focus on health or finances, don’t overlook the importance of updating your estate plan, especially if you live in Washington State, where laws and personal circumstances can change quickly.

At Washington Elder Law, we help clients throughout the Puget Sound region take proactive legal steps to protect their legacy, preserve assets, and prepare for the future with confidence.

Here are some simple, impactful estate planning tips to get your 2026 started right.

Update Your Estate Plan

We say it often because it matters: an outdated estate plan can be worse than none at all.

Ask yourself:

Has your financial or medical situation changed?
Have your children gotten married, divorced, or had children of their own?
Do your beneficiary designations still reflect your wishes?
Are your trusts properly funded?

If you’ve experienced any life changes, or if it’s simply been a few years since your last review, this is the perfect time to revisit your plan. We regularly assist clients in Edmonds, Seattle, and across Washington State with timely updates to ensure their documents stay aligned with their long-term goals.

Explore our estate planning and elder law services to see how we can support your planning journey.

Make Sure Your Family Knows About Your Plan

Even the most thorough plan won’t be effective if no one knows it exists.

We recommend writing a simple letter to your loved ones that includes:

Contact info for your attorney, CPA, wealth advisor, insurance agent, etc.
The location of key documents (will, powers of attorney, healthcare directives)
A list of financial assets (bank accounts, retirement plans, life insurance)
Important medical information (doctors, medications, pharmacy details)

Clients in the Puget Sound area often thank us for helping them create this “one-stop reference” for their families; it’s a gift that goes far beyond paper.

Create a Master Password List

If you’re like most people, your digital life is a maze of usernames, passwords, and security questions. Imagine your loved ones trying to untangle that without guidance.

Now’s the time to:

Compile a master password list
Store it securely (consider a password manager or encrypted document)
Let your family know where to find it in case of emergency

This small step can save hours of confusion and stress when your loved ones need access the most.

Need Help Getting Started?

Washington Elder Law offers complimentary workshops for individuals and families who want to learn more about estate planning and how to access Medicaid benefits in Washington State.

Workshops are conducted online via Zoom and cover a variety of topics to help you plan with clarity and confidence. Visit our workshops and register for an upcoming session.

Or give us a call at 206-448-1011 and we’ll be happy to help you register.

Don’t wait to plan. Contact Washington Elder Law today to update your estate plan and start 2026 with peace of mind.

As seniors in Edmonds, WA, and across Washington State face increasing healthcare needs, the cost of in-home care and nursing facilities continues to climb. Fortunately, Medicaid provides a crucial safety net for many aging residents in the Puget Sound region, helping cover services like skilled nursing, hospital stays, and long-term care.

At Washington Elder Law, we specialize in helping seniors qualify for Medicaid without sacrificing their hard-earned assets. One key tool we often recommend is a Medicaid spend-down strategy—a way to meet Medicaid’s eligibility thresholds without simply losing your wealth to the cost of care.

What Is a Medicaid Spend-Down?

Many people mistakenly believe they must be completely impoverished to qualify for Medicaid. But the truth is, strategic spend-downs allow you to convert countable assets into exempt ones, preserving value for your future and your family.

Rather than giving everything to a nursing home, spend-downs help you redirect your assets in meaningful ways—while ensuring you remain eligible for care when you need it most.

Strategic Ways to Spend Down in the Puget Sound Region

Here are some of the most effective strategies we use with clients throughout Edmonds, Seattle, and the Greater Seattle Area:

1. Pay Off Debt

Paying off a mortgage, personal loan, or credit card can reduce your countable assets while improving your overall financial standing. This also eases the burden on your family later on.

2. Purchase or Upgrade a Vehicle

In Washington State, Medicaid allows one vehicle to be exempt. If you have an older car, upgrading to a newer, safer vehicle is a smart use of resources that converts cash into an exempt asset.

3. Pay Income Taxes

Yes, even paying your taxes can serve as a Medicaid strategy. Settling your tax obligations reduces your income and can help meet eligibility criteria.

4. Invest in Home Improvements

Your home is often considered an exempt asset under Medicaid rules, and enhancing it through updates—such as safety features, accessibility ramps, or energy-efficient upgrades—not only improves your quality of life but also lowers countable assets.

5. Prepay Funeral Expenses

Planning ahead for funeral expenses is both emotionally responsible and financially strategic. In Washington State, you can prepay for your own services and those of your spouse or immediate family members. These funds become exempt assets under Medicaid.

🧠 Planning Tip: These strategies must be implemented carefully to avoid violating Medicaid’s five-year look-back rule. That’s why working with a knowledgeable elder law attorney is essential.

Helping Washington Families Preserve Their Legacy

At Washington Elder Law, we help families in Edmonds and the Puget Sound area navigate Medicaid eligibility with customized planning strategies. Spend-downs aren’t about losing everything—they’re about smart planning, legal compliance, and preserving what matters most.

By paying off debt, upgrading assets, prepaying key expenses, or investing in your home, you can reduce your countable assets without compromising your financial future.📞 Ready to explore how Medicaid planning can work for your family?Contact Washington Elder Law today to schedule a consultation. We’re here to help you protect your legacy while securing the care you need.

For many seniors in Edmonds and across Washington State, retiring abroad sounds like a dream come true – whether it’s to chase warmer weather, reduce living costs, or embrace a new cultural experience. But before booking that one-way ticket, it’s essential to understand the legal and financial complexities of retiring overseas, especially when leaving from the Puget Sound region.

At Washington Elder Law, we guide clients through comprehensive planning strategies that include cross-border legal considerations. Our goal is to help Washington seniors navigate the path to international retirement with clarity, confidence, and legal security.

Residency Requirements: Know Before You Go

Each country has unique immigration rules, and many require retirees to secure specific visas or long-term residency permits. These often come with minimum income or asset thresholds, background checks, and renewal requirements.

Whether you’re considering permanent relocation or splitting your time between Washington State and another country, you must carefully research and comply with foreign residency laws. A missed visa deadline or incorrect filing can lead to unexpected legal trouble abroad.

International Taxes: Don’t Get Caught Off Guard

Moving abroad does not relieve you of U.S. tax obligations. In fact, U.S. citizens must still file federal taxes, even if they no longer live stateside. Additionally, you may face taxes in your new country of residence.

Fortunately, the U.S. has tax treaties with many nations to help prevent double taxation—but these treaties are complex and require proper interpretation. Consulting with a tax professional who understands international tax law is crucial to avoid costly mistakes.

💡 Looking for help on asset preservation while staying Medicaid-eligible? Learn more about our elder law and Medicaid planning services.

Healthcare Abroad: Can You Get the Care You Need?

Healthcare quality and access differ widely from country to country. Some nations offer excellent public healthcare systems, but these often come with eligibility rules for foreigners. In many cases, you may need to purchase private insurance or contribute to the public system to receive coverage.

Before relocating, evaluate:

Whether you’re eligible to join a national healthcare system
The availability and quality of medical care
Insurance costs and options for international retirees

Having the right coverage in place will help you avoid unexpected medical and legal issues while living abroad.

Estate Planning Across Borders

Retirement abroad adds a layer of complexity to estate planning. Differences in probate laws, tax codes, and property ownership rules mean that a U.S.-based estate plan may not function the way you expect in a foreign country.

Our team at Washington Elder Law can help you review or revise your estate documents to ensure they remain effective and legally valid, whether you’re living in Edmonds, traveling between homes, or planning a full international relocation.

Legal Guidance for a Smooth Retirement Abroad

Cross-border retirement is entirely achievable, but it demands careful legal and financial planning. From residency and taxation to healthcare and estate planning, each piece must be addressed before you leave Washington State.

🌍 Planning to retire abroad from the Greater Seattle Area?Contact Washington Elder Law today to schedule a consultation. We’ll help ensure your golden years abroad are secure, legally sound, and everything you dreamed they would be.

In today’s digital world, scams targeting seniors are becoming more advanced and harder to detect. In Washington State, particularly in communities like Edmonds and across the Puget Sound region, these schemes can pose serious financial and emotional risks to older adults and their families. That’s why it’s essential to take proactive steps to educate and protect our senior population.

At Washington Elder Law, we work with families throughout the Greater Seattle Area to safeguard not only their finances and estate plans, but also their overall well-being—starting with awareness.

Stay Informed and Vigilant

Knowledge is the first line of defense. Seniors and their caregivers should stay current on common scams affecting the local community, whether they’re coming in by phone, email, or social media. Fraudsters often pose as government agencies, tech support, or even family members to manipulate emotions and gain access to sensitive information.

If you or a loved one ever feel unsure about an interaction, we’re here to help. Contact us to speak with an attorney who understands both the legal and personal challenges seniors face today.

Best Practices for Seniors in Edmonds and the Puget Sound Area

Here are essential guidelines for families and caregivers to follow:

Be Skeptical of Unsolicited Contact
Legitimate businesses and government agencies will not pressure you for immediate action. Encourage seniors to pause, verify the source, and never provide information on the spot.
Protect Personal Data
Remind older adults not to share Social Security numbers, banking details, or Medicare information unless they’ve initiated the communication and verified the identity of the recipient.
Practice Safe Internet Habits
Scammers often use fake websites, pop-up ads, and phishing emails. Make sure seniors’ devices have updated antivirus protection, and teach them how to spot red flags online.
Foster Open Family Communication
Talk regularly with elderly family members about financial matters and any strange calls or emails they’ve received. Having an open line of communication can help prevent isolation and exploitation.
Create a Trusted Info-Sharing Channel
Whether it’s a group text, email chain, or regular family meeting, establish a way to share updates on scam activity in your area. Staying connected is key.

How to Report Scams in Washington State

If you suspect fraud, report it immediately. The Federal Trade Commission provides a user-friendly portal for submitting reports. You can also contact:

Your local law enforcement in Edmonds, WA
The Washington State Attorney General’s Office
(especially helpful for scams targeting seniors and vulnerable adults)

Planning Ahead for Long-Term Protection

Education and vigilance are essential—but legal preparation also plays a key role. Through tools like powers of attorney, guardianship plans, and asset protection strategies, our team can help protect seniors from exploitation before it happens.

Learn more about our elder law services and how we support families in Edmonds and throughout Washington State.

For many families in Edmonds, WA and throughout the Greater Seattle Area, protecting assets from the rising cost of long-term care is a top concern. One of the most powerful tools available for this purpose is the Irrevocable Living Trust.

At Washington Elder Law, we help seniors across Washington State use estate planning strategies that not only shield assets but also position them to qualify for Medicaid benefits. One such strategy? A carefully structured Irrevocable Living Trust.

What Is an Irrevocable Living Trust?

An Irrevocable Living Trust is a legal structure that allows you to transfer ownership of specific assets out of your personal estate while still preserving them for future generations. Unlike a Revocable Living Trust, once established, an Irrevocable Trust cannot be changed or revoked easily. But this very permanence is what makes it so effective for asset protection.

Like its revocable counterpart, it also helps your family avoid probate delays, court involvement, and unnecessary legal fees.

Why Puget Sound Families Are Using Irrevocable Trusts

In the Puget Sound region, the cost of long-term care continues to soar. Nursing homes and assisted living facilities in Edmonds and the Seattle metro area can easily exceed $10,000 per month. Families hoping to preserve their legacy and avoid financial ruin are turning to Irrevocable Living Trusts for benefits like:

Shielding assets from the high cost of nursing home care
Minimizing estate and income taxes
Avoiding the risks of directly transferring assets to children
Protecting wealth from lawsuits, creditors, and unforeseen legal claims

Assets placed in an Irrevocable Living Trust can include real estate, business interests, investment accounts, life insurance policies, and more.

Learn more about our elder law and Medicaid planning services.

Why This Trust Is Better Than a Revocable One—At Least for Medicaid

Under current Medicaid laws in Washington State, assets held in a Revocable Living Trust are still considered available to you, the grantor. That means they’re fair game when it comes to paying for your long-term care. Medicaid may count those assets and deny your eligibility for financial assistance.

However, when assets are placed in a properly designed Irrevocable Living Trust, they are no longer deemed available. This separation is what makes them exempt from Medicaid calculations—if the trust is crafted carefully and in compliance with Washington’s Medicaid rules.

💡 Important: Medicaid planning should begin years in advance due to the five-year look-back period that can penalize asset transfers made too close to an application.

Protecting Your Children’s Inheritance in Washington

When families in Edmonds and nearby communities transfer assets directly to children, they often don’t realize the risks. Those assets may be lost due to:

Divorce or remarriage
Lawsuits and creditor claims
Poor money management
Tax liabilities or reduced student aid eligibility for grandchildren

An Irrevocable Living Trust avoids these issues by keeping control and protection within the trust—ensuring your children and grandchildren can benefit from your legacy without unnecessary exposure or liability.

Get Personalized Legal Guidance in Edmonds, WA

Could an Irrevocable Living Trust be right for your family? Every case is different, which is why we recommend working with a local elder law attorney who understands the unique considerations of Washington State Medicaid law.

📞 Contact Washington Elder Law today to schedule a consultation. We proudly serve families in Edmonds, Seattle, and throughout the Puget Sound region—helping you protect what matters most.

Many people are surprised to learn that their Social Security benefits can be subject to federal taxation. Whether your benefits are taxed depends on what is known as your “provisional income.” This is your adjusted gross income (not counting Social Security benefits) plus nontaxable interest and half of your Social Security benefits.

For people filing as individuals or heads of households with provisional incomes of less than $25,000, Social Security benefits are not taxed. For couples filing joint returns, the figure is $32,000. Unfortunately, individuals with provisional income of between $25,000 and $34,000, or couples filing jointly with provisional income of between $32,000 and $44,000, up to 50% of Social Security benefits may be taxable. In the case of individual filers with provisional incomes above $34,000 or joint filers whose provisional incomes exceed $44,000, up to 85% of Social Security benefits may be subject to taxation.

The information above concerns federal taxes. 13 states levy their own taxes on Social Security income, although they do so in varying degrees. These states are Colorado, Connecticut, Kansas, Minnesota, Missouri, Montana, Nebraska, New Mexico, Rhode Island, North Dakota, Vermont, Utah, and West Virginia. (Taxation of Social Security benefits is being phased out in West Virginia. Most residents won’t be taxed on their benefits as of the 2021 tax year.)

An article on kiplinger.com offers some strategies to avoid, or at least mitigate, taxes on Social Security benefits.

Withdraw money from your tax-free Roth IRAs

Tax-free withdrawals from a Roth IRA or Roth 401(k) are not included in your adjusted gross income. Rolling over money from your traditional IRA or 401(k) to a Roth IRA years before you start receiving Social Security benefits is an excellent way to avoid taxes later in retirement. Of course, you will have to pay income taxes when you make the conversion, but you can tap the account tax-free after that.

Purchase a Qualified Longevity Annuity Contract

You can invest up to $130,000 from your IRA or 401(k) in a deferred-income annuity called a Qualified Longevity Annuity Contract (QLAC). The money in your QLAC is ignored when figuring your required minimum distribution, so you can reduce the size of your distribution, lower your income and cut your tax bill.

Give your required minimum distribution to charity

If you are 70½ or older, you can give up to $100,000 per year to charity from your IRAs tax-free.

Your gift counts as the required minimum distribution but is not included in your adjusted gross

income.

Be careful with income investments

You can structure your portfolio to minimize the income it generates. This approach makes particular sense if your portfolio’s income is being reinvested.

Save money, use financial strategies, and get help from Washington Elder Law.

Your best option is attending two helpful workshops provided by the Edmonds Elder Law team, at Washington Elder Law. The workshops are online, and they are free. Advice is offered for seniors and their families. We answer your questions about how to refrain from paying taxes on your income. Find out how you can avoid the Washington State long-term care tax.

We tell you how to access the funds provided by the state of Washington. We prepare the documents you require to receive benefits. Then, we follow through with the documents to make sure your information is complete.

Benefits available in King County are over $9,000 a month if you know how to access them. We can access these benefits for most people. Find out how you can maximize your money and pass it down.

We teach families how to access Medicaid benefits to pay for medical and long-term care costs while preserving their wealth.

Washington Elder Law workshops include:

Medicaid – Medicaid planning helps pay for long-term care. It is a federally funded health insurance program based on income. Even if you make more than the exceeded amount, you still may qualify. We can help you understand possible exceptions and discover the aid you require.

Estate Planning – You want to protect the legacy that goes to your family. Without proper estate planning, money is often collected and distributed to the government. We teach you how to maximize the money you have. We make sure you have Power of Attorney to avoid losing control of guardianships. You’ll learn how to protect your assets from the government. We will even show you how to receive a higher quality of long-term care. All of these very important financial choices are available to you. Attend our free workshops to find out more.

Perhaps you have considered selling your current home, buying a smaller one, and using the difference to help fund your retirement. A recent article on Investopedia.com explores this approach and details the mistakes you must avoid. Here are some of the highlights.

Overestimating Your Current Home's Value

Many people overestimate how much their current home is actually worth because of what friends and neighbors say they received for the sale of their homes. To get a realistic sense of your home’s value, visit websites like Zillow.com and Realtor.com to learn the prices of recently sold properties in your area. Online “estimators” from banks like JP Morgan Chase and Bank of America will also provide useful information. Bear in mind that prices and estimates shown on these and other sites may not take into account the specific features sought by prospective buyers. Consulting local real estate agents or independent appraisers can address this problem. You should also ask these real estate professionals about inexpensive spruce-ups that will increase your home’s curb appeal and value. Most experts agree that the cost of major renovations will not be recouped unless your home is in extremely poor condition.

Underestimating the Cost of Your New Home

You can use the online tools and real estate professionals mentioned above to get a sense of what you’ll have to pay for the type of home you want to buy. If you plan to move to a new area, such as a place you’ve always enjoyed visiting, it’s important to spend a significant amount of time there. This will give you a feel for what it’s like to actually live in the area. Renting a property for a year or so before buying may be the wisest approach.

Ignoring the Tax Implications of Your Move

Most couples are currently able to exclude up to $500,000 in gains from the sale of their home, while singles can typically exclude up to $250,000. Your tax bracket and the length of time you’ve lived in your current home could impact whether taxes will be due upon its sale. You can find detailed information about this issue in IRS Publication 523.

You should also consider factors beyond income taxes on your home’s sale, particularly if you are moving to a different state. Lower property taxes in your desired destination could be offset by higher sales and income taxes. Similarly, pensions and withdrawals from retirement accounts could be taxed at a higher rate than where you live now. A particular state’s revenue or tax department website is a good source for this important information.

Ignoring Closing Costs

If you haven’t bought or sold a home in quite a while, you may have forgotten about all of the closing costs involved. Title insurance, recording fees, legal fees… the list of miscellaneous charges can seem endless. In addition, if you use a real estate agent, commissions can be as high as 6%, according to Realtor.com. In addition, don’t forget about the cost of moving your belongings to your new home.

The bottom line is this: Do your research and run the numbers carefully before downsizing. You may find ways to save a significant amount of money on your move, or perhaps you’ll realize that you should stay where you are for now.

What to do next…

Now that you or a loved one has chosen to retire, managing your/their finances is mandatory. We help you with retirement, Medicaid, and long-term care planning.

Washington Elder Law, PLLC, is dedicated to providing our clients peace of mind.

There are two easy steps that you need to plan your retirement finances. We will show you the way.

1.) An easy way to start is by downloading our complimentary guide—Understanding Medicaid.

Our FREE Report Reveals the Steps You Should be Taking Right Now to Protect Your Hard-Earned Savings and Provide the Best Possible Care for Your Loved Ones.

2.) Register for our free Medicaid online workshop. Our workshops teach you how to access your Medicaid benefits to pay for medical and long-term care costs.

Washington Elder Law provides the #1 Medicaid services in Snohomish and King Counties.

We create the documents that enable you to receive maximum benefits.
We show you how to decrease your income tax on inherited retirement accounts and other assets.
Provide families with peace of mind.
Design plans that protect you.
We follow through on all items required for families to receive benefits.

One of the first questions many clients ask is whether they need a Revocable Living Trust? It’s a great question, but it leads to another: What do you want your plan to accomplish? Let’s begin with a brief discussion of what trusts are and how they work. Then we’ll explore their benefits, which should give you a better idea of whether a trust is right for you and your family.

What is a Revocable Living Trust?

There are many different types of trusts and they can accomplish a wide range of goals. However, when most people think about trusts, the one they have in mind is a Revocable Living Trust.

A Revocable Living Trust is a legal document that allows the grantor (the person who creates the trust) to take personal assets and transfer them to the ownership of the trust. While the trust technically owns the assets, the grantor can continue to use them as he or she normally would.

When a Revocable Living Trust is established, the grantor names a trustee to manage the assets in the trust during the grantor’s lifetime. Most grantor’s name themselves as trustee, giving them complete control over the trust’s assets. Typically, a successor trustee is also named to take over management of the trust and distribute trust assets after the grantor passes away.

What are the benefits of a Revocable Living Trust?

One of the primary benefits of a Revocable Living Trust is that it enables assets held in the trust to avoid probate after the grantor’s death. This allows trust assets to be distributed to heirs quickly. The costs associated with probating the estate are also avoided. In addition, a Revocable Living Trust protects the privacy of the grantor (and beneficiaries) because the trust’s provisions are confidential. A Last Will and Testament, on the other hand, is a matter of public record. Anyone can access information about the decedent’s assets, creditors, debts, and more.

Another benefit of Revocable Living Trusts is they not only allow the grantor to control trust assets during life but also after he or she passes away. The grantor can stipulate when, how, and under what circumstances the successor trustee is authorized to distribute trust assets to beneficiaries. This is particularly important if the beneficiaries are not yet mature enough to manage an inheritance on their own, or in situations involving blended families. For example, the grantor could stipulate that children from a first marriage receive assets from the trust, not just the children from a more recent marriage.

Revocable Living Trusts can also be used to protect the grantor and the grantor’s family from a stressful and expensive guardianship proceeding if the grantor becomes incapacitated.

As we mentioned earlier, there are many different types of trusts. If one of your primary goals is to protect assets from long-term care costs, creditors, lawsuits, and other threats, an Irrevocable Trust or an Asset Protection Trust may be a much better option then a Revocable Living Trust. If you have a loved one with special needs, a Special Needs Trust can allow you to create a fund for goods and services not provided by Medicaid or Supplemental Security Income while protecting eligibility for these vital programs. A Charitable Trust allows the grantor to set aside money for both a charity and beneficiaries, realize certain tax advantages, and generate an income stream.

These are but a few examples of various trusts and what they can accomplish. If you’re still not sure whether you need a trust, we welcome the opportunity to explain your options in detail and, if appropriate in your particular circumstances, design and implement the trust that’s right for you and your family.

Washington Elder Law provides information about securing your legacy and providing your family with peace of mind.

Washington Elder Law is a caring and trustworthy team of Lynnwood/Edmonds Elder Law professionals who offer the tools to easily and understandably guide you through estate planning. The team is motivated to educate and give clients the tools needed to make the best choices to positively impact their future finances.

We teach you how to build a positive legacy for your loved ones in our Free Estate Planning Workshops. We also include Medicaid workshops to help you claim the benefits that you can use to plan your future financial goals. Registration information is available below.

After a completed workshop, vision meetings are available to you. Ask how you can prepare for your vision meeting.

Workshop Benefits

It is important to us that your current plan meets your goals. We can help you understand what it takes to protect you and your family. Our workshops allow you to maximize your plan and get the most out of your finances.

Included Estate Planning information

Add significant value to financial benefits by talking about it early
Avoid losing control of guardianships by creating a Power of Attorney
Understand how trusts simplify the administration of your estate
Access higher quality long term care
Maximize money for yourself and your family
Avoid probate
Protect your assets from the government

Strong solutions to financial issues.
A structured family committee that keeps members informed
Access to benefits
We prepare and provide the proper documentation to secure your benefits.

We always follow through with your application for your benefits.

For more information see:

Join an Estate Planning Online Workshop scheduled every Tuesday at noon.

Join a MEDICAID Online Workshop every Wednesday at noon.