Elevated Estate Planning, P.S. | June 26, 2025 | Wills
Types of Trusts Available in Washington State
Many people are familiar with the three major types of trusts available in Washington State, but you should be aware that there are several more variants to choose from based on the circumstances. People understand the term “trust” from television portrayals of prosperity or have heard the phrase “trust fund children” in popular culture references….
Elevated Estate Planning, P.S. | June 18, 2025 | Estate Planning
The Complete Guide to Washington State Estate Planning
You may have heard the phrase, “Nothing is certain except death and taxes.” With that in mind, we should probably plan for both when it comes to Washington State Estate Planning. Estate planning doesn’t have to be a boring topic, and much of it can be pretty interesting once you start understanding the benefits. You…
Elevated Estate Planning, P.S. | May 2, 2025 | Trusts
What is a Memorandum of Trust Used For?
One of the primary benefits of having a Revocable Living Trust is the privacy offered by this estate planning method. Unlike a Will, which becomes a matter of public record when it’s offered for probate, your Trust Agreement does not become public. So, your business remains your business. What happens, then, when you are attempting…
Elevated Estate Planning, P.S. | April 10, 2025 | Estate Tax Planning
What Is the Difference Between Estate, Inheritance, and Gift Taxes in Washington?
The estate tax is often misunderstood. Many Washington residents assume they need to engage in complex estate planning just to avoid the possibility their heirs will owe the government money. But the current reality is that the vast majority of Washingtonians will not leave a sizable enough estate to trigger any estate tax obligations under…
Elevated Estate Planning, P.S. | February 2, 2024 | Estate Planning
4 Things You Need to Know About Washington State Medicaid Planning for 2024
For many Washington residents aged 65 and older, the cost of receiving long-term nursing home or other institutional care is prohibitively expensive. Medicaid can provide benefits to cover these costs. But there are strict income limits and other eligibility requirements a senior must follow in order to qualify and remain eligible. So if you are…