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Under a power of attorney, one individual, the Principal, grants to another individual or other appropriate agent the authority to take certain actions on behalf of the Principal. Often, a power of attorney is drafted broadly to give the agent authority to act on a variety of types of matters or with respect to the… Read More

One of the primary goals of estate planning is to establish protective mechanisms for beneficiaries with varying needs. For instance, a young couple with children may opt for a trust and appoint a reliable trustee to manage assets until the children reach an age where they can responsibly handle their own finances. Alternatively, some individuals… Read More

October 24th, 2024 Beresford Booth Attorney Emily Y. Tyson-Shu talks about Beneficiary Designation 101 Is Having a Will Only Sufficient for Estate Planning? Read More

I was standing in a light drizzle on the sidelines of my son’s soccer game, chatting with another parent, when she mentioned that she’d done an overwhelming amount of adulting in the past week, including signing her Will. That is great. Everyone should have a Will, but especially parents of young kids. However, she said… Read More

Sometimes a parent is needed to make health care decisions for one or more of their children or a guardian is needed to make health care decisions for one or more of the children for whom the guardian is the legal guardian, but the parent or guardian is unavailable. This could happen when the child… Read More

September 26th, 2024 Beresford Booth Attorney Sherry Bosse Lueders explains revocable living trusts. Read More

A revocable living trust is a legal document that allows you to place your assets—like your home, bank accounts, and investments—into a trust during your lifetime. As the creator of the trust, you can manage these assets and make changes as needed. “Revocable” means you can alter or dissolve the trust at any time while… Read More

If you are the primary breadwinner in your family and have purchased a life insurance policy to provide for your loved ones in the event of your untimely demise, you may be wondering whether the proceeds from that policy could expose your estate to estate taxes. Depending on the policy, these proceeds can range from… Read More

In the state of Washington, a Will must be “attested” by at least two competent witnesses. Those witnesses must sign their names to the Will or to an affidavit that complies with law and must do so while in the presence or the electronic presence of the testator (the person whose Will is involved) and… Read More