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Estate Planning for Young Adults

Estate planning may not be the first thing on a young adult’s mind, but there are several reasons people who turn 18 or are in their 20s need to consider it.

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Why Estate Planning Is Important

According to an annual study done by the website Caring.com, the pandemic increased awareness among young people of taking the proper steps to plan for the future.

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Second Marriage and Estate Planning

Estate planning should be a top priority for anyone, regardless of their assets, age, or marital status. But what if you’re entering into a second marriage and need to make revisions to an existing plan? Although this will complicate your planning, it doesn’t mean you have to start over from scratch.

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Estate Planning Checklist: What to Consider Before You Start

According to a survey by the website Policygenius.com, the COVID-19 pandemic increased people’s awareness of the need for estate planning, with 40% of those surveyed expressing an increased urgency to create at least a will.

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Wills vs Trusts

At some point in life, everyone needs an estate plan to ensure their assets are distributed according to their wishes after their death. This often happens as people get older, when they have children, or when they’ve seen a change in their wealth and want to see it protected. Unfortunately, less than half of Americans say they currently have a will that lays out their wishes for their money and assets.

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Is It Possible to Relocate with Children After the Divorce?

More than 24,000 couples divorce in Washington every year. Approximately half of them involve custody disputes over minor children. Thousands of parents make major decisions that impact their children — who suddenly find themselves with more than one home.

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How Are Assets Divided in a Divorce?

Divorce is not only about the separation of a couple, it is also about the dividing of assets and debts that they have accumulated over the course of the marriage. Approximately 25,000 couples go through the painful and often contentious process of inventorying and dividing assets every year in a Washington divorce.

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Understanding The Divorce Process in Washington

Washington has one of the nation’s top ten divorce rates, coming in at 9.6 percent according to a recent study from the American Community Survey. That rate placed the state tied for the ninth highest rate with Nevada, and 1.9 percent higher than the national average. Data was calculated based on divorces per 1,000 women aged 15 or above in the state.

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