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Here, our estate planning attorneys lay out the 5 main components of estate planning: Wills and Trusts. Durable Power of Attorney. Medical or Healthcare Power of Attorney. Living Wills and Advance Directives for Medical Decisions. Beneficiary Designations.
An estate plan is a collection of documents and includes a will, guardianship designations, healthcare power of attorney, beneficiary designations, durable power of attorney, and a personal letter of intent, outlining your wishes, should you die or become incapacitated.
Estate planning ensures that all your assets physical, financial and online are inherited by the people to whom you want them to be transferred after your demise. The law might not take into account your personal relationships or preferences while distributing your assets if you die intestate.
Small Estates: Claiming Assets With an Affidavit If the total value of the probate estate (the assets that cant be transferred to inheritors in another way) is small enough, probate wont be necessary. Currently, Washington allows estates worth up to $100,000 to avoid probate.
If you die intestate in Washington leaving a spouse but no children, parents or siblings, your spouse will inherit everything. However, if you die leaving a spouse and children, the spouse will inherit all your community property and one-half of your separate property.
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If you are named in someones will as an executor, you may have to apply for probate. This is a legal document which gives you the authority to share out the estate of the person who has died ing to the instructions in the will. You do not always need probate to be able to deal with the estate.
The order is: the surviving spouse, children, parents, siblings, grandchildren and nieces and nephews. RCW 11.28. 120.
Washington State law DOES NOT REQUIRE Probate. Probate is discretionary. Practically speaking only a small percent of deaths in Washington result in a Probate being filed.
Estate Planning Checklist: The 5 Essential Documents Last Will and Testament. This legal document is the foundation for a successful estate plan. Living Trust. Durable Power of Attorney (POA) Healthcare Power of Attorney (POA) Living Will.
Probate: Washington law does NOT require a probate proceeding to be filed following death, regardless of whether the Decedent died with or without a Will (ie, testate or intestate, respectively).

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