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December 2023 Newsletter
Jensen Estate Law
December Newsletter
Smooth Transitions: Asset Transfers and Joint Tenancy at Death
In the grand theatre of life, death is an inevitable curtain call. When it arrives, it presents a complex interplay of laws and processes that determine how one’s assets are transferred to their rightful heirs or beneficiaries. This article delves into the nuances of asset transfers at death, including the intricacies of joint tenancy, with the aim of shedding light on the principles of estate administration and easing the process of wealth preservation for the bereaved.
Life Insurance: The Silent Guardian of Your Estate
Dive into the intricacies of Life Insurance and Estate Planning, as we explore its necessity, proper handling, its implications on estate tax exemptions, the role of Irrevocable Life Insurance Trusts (ILITs), Group Term Life Insurance, and the importance of beneficiary designations. An essential read for anyone seeking to understand the broad strokes of life insurance and how it interacts with estate planning for optimal wealth preservation.
Your Estate’s Future: Probate or Trust Administration?
Estate planning—what might be one of life’s more challenging tasks, serves as a testament to our instinct for order, foresight, and concern for our loved ones’ welfare. Delving into this topic invariably leads to two major options: Probate Process and Trust Administration. These two avenues have their unique characteristics and potential benefits, and understanding the differences can be vital to your long-term wealth preservation and tax planning goals. The critical takeaway is that a will typically leads to probate, while a well-funded trust facilitates trust administration.
May 2023 Newsletter
Jensen Law Office, PLLC 1833 N 105th St., Suite 301 Seattle, WA 98133 Jensen Law Office May Newsletter The ABCs of Estate Planning and Administration: A Simple DictionaryIf you are planning for your future or dealing with the death of a loved one, you may encounter some unfamiliar terms related to estate planning. Estate planning is the process of arranging how your assets will be...
April 2023 Newsletter
Jensen Law Office, PLLC 1833 N 105th St., Suite 301 Seattle, WA 98133 Jensen Law Office April Newsletter Estate Planning 101: Common Questions AnsweredEstate planning is the process of creating a plan for how your assets and affairs will be handled after your death or incapacity. It can help you protect your loved ones, avoid unnecessary taxes and fees, and ensure that your wishes...
March 2023 Newsletter
Jensen Law Office, PLLC 1833 N 105th St., Suite 301 Seattle, WA 98133 Jensen Law Office March Newsletter A Legacy Preserved: A Multigenerational Success Story with the Legacy Planning Model Discover How Our Comprehensive, Customized Approach Helped the Anderson Family Safeguard Their Wealth and Pass on a Lasting LegacyA Lasting Legacy for the Anderson Family: Explore the power of...
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