Jennifer C. Rydberg, Attorney at Law
Schedule A Consultation By Calling 425-235-5535

Posts tagged "Estate Administration & Probate"

Business succession planning is critical for Washington residents

Business owners in the Kent area have worked hard to grow and maintain their business. Business owners are proud of what they have accomplished, but if they haven't planned for what will happen in the future, everything can unravel after they die.

What does the probate process look like in Washington?

The word "probate: usually invokes horror stories from Washington residents. But, the truth is probate is not as bad as some would lead you to believe. For this reason, knowing the probate process may be helpful to ease the fears in families.

Living trusts

Most Kent area residents have heard the term living trusts but may have questions regarding what they are and who can benefit from them. Estate planning encompasses many different types of documents and solutions for every family. Estate planning is there to help protect a family's assets, their families and their futures.

What is estate administration?

After a person dies, a probate court in Washington appoints a legal representative for the person who died and their estate. The representative, or estate administrator, has numerous duties including the collection of all the decedent's assets, the payment of the deceased's creditors and the distribution of the deceased's remaining property and assets to their heirs and other beneficiaries.

What happens to personal property when a tenant lives alone?

While it may seem like those who rent their homes, rather than own their home, do not have much of a reason to consider estate planning, this is not the case. It is important for tenants to make sure their affairs will be handled appropriately after their death. Two years ago, Washington enacted a law that allows a tenant who lives alone in a rented dwelling unit to designate a person to act on their behalf after they die, and to avoid the time and expense associated with probate.

What happens to an IRA after its owner dies?

Many people in the Kent area have an IRA that they are using for retirement. These funds accumulate over the years and provide money for a person when they enter retirement. Many times, a person does not use all of their IRA money before they die. So, what happens to the rest of the IRA retirement benefits after its owner dies?

There may be consequences for not having an estate plan

Most Kent area residents know how important estate planning is to preserving their wealth for future generations and ensuring their desires are met. But, it is also important to know what the consequences may be if an estate plan is not created, including needing to go through probate.

Main Office
8407 S. 259th Street Suite 203
Kent, WA 98030

Contact Us
Phone: 425-235-5535
Fax: 253-852-0400