Transfer on Death Deed in Washington State: What It Is and How It Works

Introduction  As a real estate owner in Washington state, you have various estate planning options available to you. One such option is the transfer on death deed (TODD), which serves as a convenient tool for managing the distribution of your real estate assets. This article explains what a TODD is and provides an overview of […]

Danger Ahead: Transferring Real Estate into a Trust

document signing

Danger Ahead: Transferring Real Estate into a Trust Introduction Creating a revocable living trust that holds real estate is often an integral part of estate planning. The primary reason behind transferring property into a trust, specifically a revocable living trust, is to bypass the potential complication of probate proceedings upon the death of the property’s […]

Famous People and Incomplete Estate Planning

Man and woman in disagreement

A recent New York Times article highlights the problems that can occur when a person (whether famous or not-so-famous) dies without a properly completed estate plan. Even Famous People Fail to Properly Prepare their Estate Plans A recent New York Times article highlights the problems that can occur when a person fails to properly complete their estate […]

Community Property Agreements and Estate Planning

Couple Holding Hands

Questions about community property often arise during the estate planning process. In order for lawyers to help you meet your estate planning goals, we need to understand what type of community property you own as compared to the property you own separately. Depending on your circumstances, the lawyer may recommend the use of a Community Property Agreement. […]

Answers to 3 Common Questions About Digital Assets

Millennial Sitting on Park Bench Looking At Tablet

As more people transact more business online each year, concerns are growing around how digital assets are managed after death. Here are some answers to three common questions about digital assets. Please keep in mind, though, that this is a developing area of law, so things are relatively unsettled and much of what is suggested […]

What is a Durable Power of Attorney?

Lawyers, doctors, and other advisors uniformly recommend that their clients have a “Durable Power of Attorney,” either for healthcare or financial matters or both. Lucent Law offers both through its EssentialLaw services, and the Durable Power of Attorney for Healthcare is included in all of our will packages. But what is a Durable Power of […]

Estate Planning – Who is it Really For?

Multi-generational picture of mom, daughter and grandaughter hugging on a sofa.

Estate planning can take many forms: from the simplest of wills and powers of attorney, to the most complex networks of wills, trusts, business entities, and foundations. Getting a plan in place has clear benefits for the person whose life and assets are involved, such as: ensuring your wishes are known to those making your […]

What Happens If I Die Without a Will in Washington?

The flowchart below illustrates the consequences for dying without an enforceable Will in Washington state. In short, without a Will, Washington law will determine what happens to your assets, which may not align with your wishes. Wills that have appropriate guardianship and trust provisions for your minor children provide clear direction and peace of mind in […]

Estate Planning – Do I Need It If I’m Not Wealthy?

Famil running on the beach with a kite.

A lot of people assume that “estate planning” is only for the wealthy—if you aren’t a multi-millionaire, there is no reason to have an estate plan.  For a variety of reasons, this could not be further from the truth.  Let’s take a look at several reasons why people of average, or even modest means can […]