Julia Rice - Estate Planning and Administration

05/18/2022

https://www.theatlantic.com/family/archive/2022/05/last-will-testament-inheritance-laws-nontraditional-families/629882/?utm_source=facebook&utm_content=edit-promo&utm_campaign=the-atlantic&utm_medium=social&utm_term=2022-05-17T11%3A00%3A57&fbclid=IwAR0dlZYtVGMkOmpBc7Hzebdy8gtsKOIkWu6xd5mhXh_fChtZV7In7o3YSVc

A striking proportion of Americans doesn’t have one. Nontraditional families are left uniquely vulnerable.

04/20/2020

https://www.wsj.com/articles/make-sure-to-include-digital-assets-in-your-estate-plans-11587161327?emailToken=b89e78a1342a2417440e2a732420db06pt6RtbIPZBEh+p9uBoZg8olLuO0ALaAxAcKwzRxnUz5z/8X3Bph9aZfPnyBc65MQYu2zMx1ALq9KgHTa6NAQxE+1+FI0JVBSb+qCmAet5Hxq9IfI14lE4OxeVX2IbFaK&reflink=article_copyURL_share

Among other things, beneficiaries can be blocked from accessing accounts and credit-card points and frequent-flier miles may be lost

12/30/2018

This is another fascinating alternative to burial and cremation. I’m interested to see whether recomposition will become legal in Washington. The novel approach, known as “recomposition,” involves placing bodies in a vessel and hastening their decomposition into a nutrient-dense soil that can then be returned to families. The aim is a less expensive way of dealing with human remains that is better for the environment than burial, which can leach chemicals into the ground, or cremation, which releases earth-warming carbon dioxide.

Washington residents "are very excited about the prospect of becoming a tree or having a different alternative,” state Sen. Jamie Pedersen said.

11/27/2018

This is a nice summary outlining common estate planning mistakes.

Estate planners see a high percentage of clients with the same mistakes in their plans. The odds are your plan has one or more of these mistakes, especially if it hasn't been revised in the last three years.

10/30/2018

I often hear parents claim they don't need a will because they don't have a lot of assets. A will is so much more than a method of distributing property! In my mind, creating a will is the single most important thing you can do to make sure your children are cared for by the people you would choose if anything should happen to you.

As a parent, I completely understand the chaos that ensues once you have children! It is easy to put off drafting a will, advance directive, power of attorney, etc. That's why I offer free initial consultations. Come chat with me about your situation, and we can find a cost-effective yet personalized plan for your family. I promise to make it worth your time!

06/28/2018

This is an excellent article regarding the hybrid long-term care policies.

Insurance policies that combine long-term-care coverage with a potential life-insurance benefit are called “hybrids,” and they are reshaping the long-term-care niche of the U.S. insurance industry just as it had appeared headed for obsolescence.

10/12/2017

09/14/2017

This is a nice summary regarding potential tax traps with respect to inherited IRAs.

This article helps CPAs familiarize themselves with the rules surrounding inherited IRAs and the best ways to deal with these accounts.

07/12/2017

Oregon friends - The Oregon State Bar Board of Governors is considering the recent report of the Futures Task Force, which makes recommendations such as creating a new limited legal paraprofessional license to assist self-represented litigants in family law and landlord tenant disputes. Please review the recommendations carefully and let us know your feedback! www.osbar.org

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05/22/2017

This is a fascinating article. Alkaline hydrolysis is said to be much more environmentally friendly than conventional cremation. www.bbc.co.uk/news/resources/idt-sh/dissolving_the_dead

05/10/2017

I am hiring! If you know anyone with office and legal experience (it doesn't have to be specific to estate planning), please send them my way. I'm looking for someone who is upbeat, positive, reliable and hard-working. If you know anyone who fits that description, please have them email their resume and a cover letter to [email protected]. Thank you!