A growing trend in estate planning is to determine what to do with someone’s digital assets. In the past this was never a problem as no one actually had digital assets. Today we have all kinds of digital assets including Facebook accounts, Twitter accounts, blogs, websites and domain names, online games, iTunes and Kindle accounts. … Continue Reading
Category Archives: Estate Planning
Gifting LLC interests: Be safe rather than sorry?
A number of cases address when a gift of an LLC interest is really a gift of an underlying asset owned by the LLC. Two of these cases were decided right here in Federal District Court in Washington: Heckerman v. U.S., U.S. Dist. Ct., W.D. Washington, Cause No. C08-0211-JCC (July 27, 2009) and Linton v.… Continue Reading
Role of the Executor
The role of the executor is to administer a person’s estate according to the Will. In Washington State any person age eighteen or over may act as an executor. The executor, also called a personal representative, is generally named in a person’s Will and is often a surviving spouse or other family member. In certain… Continue Reading
What Happens if You Don’t Have a Will?
Contrary to many people’s belief, your assets will not necessarily pass to the state if you don’t have a Will. In all likelihood, Washington State’s laws of intestacy will apply to pass assets to your heirs. Only if you have no heirs to receive your estate would your assets go to the State of Washington. … Continue Reading
Estate Planning Seminar
Join John Hugg on Friday, September 6 at Peter Kirk Community Center in Kirkland starting at 12:45, for a seminar outlining advance directives including Powers of Attorney and Living Wills.