When someone close to you dies and you’ve been named the executor or administrator of their will, you may have to go through the legal process of probate. However, many people aren’t familiar with the basics of probate and need to learn some important terms before they get started. Additionally, many executors find it helpful […]
The Importance of Having an Estate Plan
The headline read “Battle Over Anne Heche’s Estate Settled” when it should have read “Yet Another Celebrity Dies Without an Estate Plan.” Anne Heche was a well-known actress who died unexpectedly following a fiery car crash in August 2022. Anne left behind two sons, one of whom is 20, the other of whom is 13, […]
Tax Planning for 2023
As 2022 draws to a close and the New Year dawns, we need to think of…tax planning! Some years Congress tweaks the laws more than in other years. While 2022 held plenty of events: the war in Ukraine, an improved “bivalent” coronavirus vaccine addressing new coronavirus variants, the U.S. midterms elections, etc., it was a […]
What You Need to Know About SECURE Act 2.0
It might be appropriate to say that Christmas came early for retirement advisors and consumers in 2022 when Congress passed, and President Biden signed into law, the $1.7 trillion omnibus spending bill that included Setting Every Community Up for Retirement Enhancement (“SECURE”) Act 2.0 (the “Act”). President Trump enacted the original SECURE Act in December […]
Why Choose an Attorney Instead of Using Online Forms?
Creating an estate plan is a critical step in securing your financial future and protecting your loved ones. But when it comes to estate planning, you should avoid using online template forms and seek legal advice from an experienced attorney instead. Terry Law Firm, P.S. provides a highly-personalized level of service to individuals throughout the […]
What’s the Role of the Estate Executor?
Naming the estate executor – also known as the personal representative in Washington – is one of the primary reasons to write a will (the last will and testament). But what’s the role of the estate executor after the testator’s death? The personal representative plays a critical role in the probate process, but their primary […]