At Washington Elder Law We’re Here to Help You.
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 […]
At Washington Elder Law We’re Here to Help You.
In Washington State, where protecting our aging population is a growing priority, conservatorships remain a vital—though sometimes controversial—legal mechanism. Especially relevant to families in Edmonds, WA and throughout King and Snohomish County, conservatorships empower a designated individual to make legal, financial, or medical decisions on behalf of someone who can no longer manage these affairs […]
At Washington Elder Law We’re Here to Help You.
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 […]
At Washington Elder Law We’re Here to Help You.
Thanks to improvements in medical science and healthier lifestyles, Americans are living longer than ever before. Unfortunately, many of us will require long-term care at some point in our lives, and one in five of us will require long-term care for at least five years. According to Genworth Financial, the median cost of long-term […]
At Washington Elder Law We’re Here to Help You.
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 […]
At Washington Elder Law We’re Here to Help You.
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 […]
At Washington Elder Law We Believe Your Legacy Is More Than Just the Money You Leave to Loved Ones.
At Washington Elder Law We’re Here to Help You.
Free online estate planning workshops are available now! Washington Elder Law makes it easier than ever to start estate planning for yourself or an elderly relative. Workshops are important and practical ways to receive free information. Our free workshops offer a great deal of advice for seniors and their families. Our online workshops […]
At Washington Elder Law We’re Here to Help You.
Why Online Do-It-Yourself (“DIY”) Estate Planning is Dangerous? Do-It-Yourself projects are typically acceptable such as repairing a minor item in your home. You just Google whatever needs repairs, and there is a video or blog to tell you how to do it. Sometimes the instructional video explains things right. Most often, important details are left […]
