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What are the estate rules in Washington with regards to spouses with children from previous marriages?
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Answered on June 05, 2013
The information you received appears to be a reference to Washington's intestacy statutes. RCW 11.04.015 is basically the estate plan you get when...
Do designated beneficiaries on accounts (i.e. bank, IRA, etc.) take inheritance precedence over individuals named in a will?
Douglas's answer
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Answered on May 31, 2013
It is actually possible to direct disposition of non-probate assets under a will. RCW 11.11 provides for the testamentary disposition of...
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My mother named my sister as executor,but she also left all the property to my sister,brother and myself. the will states that w
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Answered on October 11, 2012
If the will says that you have the option to sell, then it appears to put control of the decision with you. However, it is also common for wills...
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If I have no unsecured debts and surrender my car to the lender during a Chapter 13 bankruptcy, will I have no repayment plan?
Douglas's answer
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Answered on October 08, 2012
You should just contact an attorney. Nearly every bankruptcy attorney out there handles chapter 7 and 13 cases on a flat fee basis and they...
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Post Chapter 7 asset case - what to do with primary residence that was re-claimed?
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Answered on October 05, 2012
There is some merit to the idea of doing a short sale. While there may be other factors to consider, you may qualify for new mortgage financing...
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I just found out that my wife had some credit card debt that had went to judgement, and now there' a lien against our property,
Douglas's answer
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Answered on September 24, 2012
Was your wife properly served with a summons and complaint? If not you could always seek to have the judgment set aside on that basis. If she was...
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Family Limited Partnership and Value Discount
Douglas's answer
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Answered on September 24, 2012
There are far too many variables that go into the valuation question than can adequately be addressed on a message board like this. Personally...
Archived
I discharged my home in a ch7 bk 3years ago, I didn't reaffirm. Will it show as foreclosure on my credit?
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Answered on September 24, 2012
It will probably show up in the public records section of your credit report. The lender shouldn't continue to negatively report it since the debt...
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I understand any withdrawls from my inherited IRA are taxable. If I gift any of those funds can I reduce my income by that sum
Douglas's answer
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Answered on September 23, 2012
If you are trying to give the funds to an individual, then no. There is no such thing as an income tax deduction for making a gift to an...
Washington State: Steps to set up a trust fund for my children to have my whole life insurance pay into if both parents die.
Douglas's answer
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Answered on September 22, 2012
A trust often used as a receptacle for life insurance benefits is the Irrevocable Life Insurance Trust, or "ILIT". An ILIT has several advantages...
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