HOW TO PROPERLY LEAVE YOUR ESTATE TO A MINOR// Naming A Minor As A Beneficiary// What Not To Do
One thing that we commonly see in our office is minors named either in a will or as a beneficiary of a life insurance policy. Did you know that in Washington State, a minor is not competent to inherit anything? If an inheritance is not left to a minor properly, depending on the amount, a guardianship will be required to receive and hold those funds for the minor until they reach the age of 18 (and attorney Darcel Lobo discusses why you may not want a minor to receive their inheritance at age 18).
If you're in Washington State and would like help in getting your estate plan off of your to-do list, give our office a text or call at (206) 408-8158.
Questions about pricing? See our exact pricing here: https://www.dallawfirm.com/what-it-co...
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How to Fund Your Revocable Living Trust: • HOW TO FUND YOUR REVOCABLE LIVING TRUST// ...
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When Is It Time To Update Your Will?: • When To Update Your Will
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