Estate Planning Essentials in Washington: Wills, Powers of Attorney, Trusts, Probate, and Choosing Fiduciaries
From The Voice of Aging · 01:24:56
Show by Brynne Malone
Host Brynne Malone of Aging Solutions interviews Washington elder law attorney and inactive CPA Julie Olds about core estate planning and fiduciary/advocate responsibilities. Olds outlines a basic plan: reciprocal wills, separate healthcare and financial durable powers of attorney, and a healthcare directive/living will, with added tools like community property agreements, special-needs trusts, charitable bequests, and, in some cases, revocable living trusts. She explains Washington’s non-intervention probate as straightforward and protective (including creditor notice and will-contest time limits), and warns that trusts must be properly funded. They discuss choosing appropriate agents/PRs, risks of springing POAs, guardianship costs if no POA exists, elder financial exploitation (often within families), and the value of family meetings, documenting assets and digital passwords, and planning for long-term care costs and insurance. For more information go to www.AgingSolutionsNW.com or find us on social media for more tips and guidance @AgingSolutions
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