Tips to Creating Your Power of Attorney The Wall Street Journal recently ran an article about Durable Powers of Attorney and their potential for abuse. The article set out several recommendations to ensure your Power of Attorney will be honored and adhered to, as well as tips to minimize the potential for fraud. Among the… Continue Reading
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Hugg & Associates PLLC is a boutique law firm providing client-centered services to individuals and businesses. Our practice focuses on all aspects of elder law, estate planning, asset protection, business succession planning, probate and trust administration. If you are a business owner, in addition to the above services, we are experienced business, real estate, and contract law attorneys.
New Provisions for Revocable Living Trusts
Recent changes to Washington’s law on trusts and estates codify certain aspects of revocable living trusts. Here are a couple of the new additions to the statute: A person must be at least 18 years old and of sound mind to create a revocable living trust. The statute also sets out a 24… Continue Reading
You Can Keep Assets Even If You File Bankruptcy
One of the most common misperceptions about Bankruptcy is that you will lose all of your property. That is simply untrue. You are permitted to retain a certain amount of property. You will list all of your assets on your “petition” and the schedules related to the petition. You, often with the assistance of your… Continue Reading
Providing for your child after you are gone
Estate Planning 101 Aside from your love, probably the greatest gift you can give your children to provide for them. But how do you provide for your kids if you’re not alive? Basically, you need a plan. It doesn’t have to be complicated or unduly expensive. First, have a qualified attorney prepare your Wills. In… Continue Reading
Making your Will: A Parent’s Most Important Decision
One of the most important decisions you may ever make as a parent could be selecting a guardian in your Will to raise your children. First, a little background about naming a guardian for your minor children. In Washington, the only method where you can be certain your guardianship wishes are honored is through your… Continue Reading
