LayRoots

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Estate Planning

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Estate Planning Strategies: Life Support Decisions

Healthcare Directives

As part of any estate planning package we offer at LayRoots, we work with our clients on advanced healthcare directives. Part of that planning process involves deciding whether a person wants to remain on life support after doctors decide there is no hope of recovery (i.e. when brain dead). I recently had a client who wanted to remain on life support for an extended period of time, unless it was a financial burden for her loved ones. Having never investigated the costs of long-term life support care, I was curious. [Read more…] about Estate Planning Strategies: Life Support Decisions

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Naming Guardians as a Single Parent

Naming Guardians For Your Children as a Single Parent

At LayRoots we like to host a number of Guardian Nomination Workshops. We help parents choose and document legal guardians for their children…just in case something happens to them. One of the most common questions we get is what should a parent do if he or she has separated from his/her co-parent. Put another way, what do you do if each parent wants different guardians for the children? [Read more…] about Naming Guardians as a Single Parent

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Does a living trust protect assets?

Does a living trust protect assets from creditors?

All trusts are not created equal. A living trust, or revocable living trust, is one of the most common trusts utilized by estate planning attorneys. It’s a great way to avoid the hassles of probate, but will the assets inside of the living trust be protected from creditors? Check out the video to learn more! [Read more…] about Does a living trust protect assets?

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Protecting Home Equity

One of the most common questions I receive is about protecting home equity. It makes sense as for many people, a home is one of the most valuable assets they own. Also, living in the Seattle area, the real estate market has been growing at an incredible rate! Home owners are seeing their equity sky rocket and in turn get a bit nervous about how to protect that equity from lawsuits and creditors. Check out the video to learn about how much equity is protected by state law and hear what common mistakes home owners often make. [Read more…] about Protecting Home Equity

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Asset Protection Planning

Asset protection planning involves the application of many different areas of law. The development of a comprehensive asset protection plan may involve family law, tax law, trust laws, business planning laws, state and federal bankruptcy laws, and on and on. The areas of law intersect in different ways depending on each individual’s situation and planning goals. In addition, to develop an effective plan to protect your wealth and assets from lawsuits, divorces, and creditors, you’ll benefit from working with an attorney who is versed in the practice of asset protection. [Read more…] about Asset Protection Planning