Jennifer C. Rydberg, Attorney at Law
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Posts tagged "wills"

What are some immediate estate planning tasks one can take?

Estate planning can help avoid litigation and other headaches for heirs in Washington. A well-drafted will helps prevent confusion and the expense and inconvenience of fights over probate or inheritance issues. Other documents should also be drafted for effective planning.

Estate planning for couples without children

Families have changed and more couples in Kent have decided not to have children. This presents new issues for estate planning because, among other things, these couples tend to have more education and higher incomes. Childless couples will save the estimated $233,000 cost of raising, without college tuition, a child who was born in 2015.

Wills of the digital age

There are many reasons why Washington residents may have put off executing a will. Facing one's death is not always easy, and making decisions on the distribution of property to specific heirs can also be difficult. In addition, in many jurisdictions drafting a will has not kept up with technology. In fact, a high number of American who do not have wills. According to a Princeton Survey Research Associates survey in January 2017, 58 percent of adults in this country do not have a will.

Reasons why people have not completed a will

Although many residents of Kent know the importance of having a will, many still have not created one. Only 58 percent of baby boomers have estate planning documents and the numbers get worse as people get younger. Sixty-four percent of those aged 37 to 52 do not have a will, and 78 percent of those 18 to 36 do not have a will.

Significant portion of Prince's estate will be lost to taxes

Many Kent area residents are concerned about what will happen to their estate after they pass away. A person amasses their wealth over decades, and it is important for them to make sure it passes to their heirs with a minimum of issues. But, for those who do not plan ahead by creating a will and other estate planning documents, a significant portion of an estate can be lost to taxes.

Helping you draft a will that meets your goals and needs

Thinking about the future is not always easy for residents in Washington. It can even be more challenging to think about what will happen after your death. However, estate planning is often an essential step, and a will is a vital tool when it comes to directing the distribution of your property and assets after your death.

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