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Commonly Asked Questions about Estate Planning in Washington

Even though organizations are often dissatisfied with the manner of its implementation, they cannot operate successfully without a well-developed succession plan. The key to a successful leadership management approach is to continuously engage and implement corporate succession planning and talent management.
Legacy planning is the process of preparing how you are going leave your assets and property to your loved ones following your passing. Its practically a synonym of estate planning, but the terminology has undergone popularity with financial advisors recently.
Career planning identifies skill gaps and learning needs and directly influences training strategies. Succession planning ensures the availability of trained successors by tailoring development programs to their needs.
Estate planning, in general, is the transfer of assets and wealth (think: things) at death. Sometimes estate planning transfers assets before death as part of a long-term plan. Succession planning is transferring decision-making and leadership (think: people, processes).
Succession planning is the process of identifying the critical positions within your organization and developing action plans for individuals to assume those positions.
Washington State does NOT always require a probate proceeding. Estates with less than $100,000 in assets can often avoid probate provided there are no liens on the property or unpaid debts.
Washington does not have a statutory will or specific form required by the state. You can create your own customized will or hire an estate planning attorney to make one for you. Many Washington residents use do-it-yourself legal resources to make their will ing to Washington laws.
Your spouse will inherit your half of the community property. If you have separate property (many spouses mix everything together and dont have any separate property) your spouse will inherit all or a portion of it.