Stephen Waltar from Legacy Estate Planning in Bellvue, WA discusses the importance of estate planning. People think because we're a community property state that they don't need to plan, they own things, they think everything automatically goes to your spouse, but then they start adding their daughter to their bank account, or their son to their brokerage account, and all of a sudden there are these messes. People get caught up with title mistakes all the time. Let's say the son gets in a car accident and gets sued. Mom and dad can lose their account to their son's creditors. It's the trouble with joint tenancy. If you try to do estate planning thinking you don't need a will or trust or an attorney, deciding that you'll just add your son to this account, then you're adding his creditors or perhaps later his divorcing spouse, which could threaten these assets.

Stephen Waltar from Legacy Estate Planning in Bellvue, WA discusses the importance of estate planning. People think because we're a community property state that they don't need to plan, they own things, they think everything automatically goes to your spouse, but then they start adding their daughter to their bank account, or their son to their brokerage account, and all of a sudden there are these messes. People get caught up with title mistakes all the time. Let's say the son gets in a car accident and gets sued. Mom and dad can lose their account to their son's creditors. It's the trouble with joint tenancy. If you try to do estate planning thinking you don't need a will or trust or an attorney, deciding that you'll just add your son to this account, then you're adding his creditors or perhaps later his divorcing spouse, which could threaten these assets.

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Answers for Elders is the North Star in Navigating Senior Care.  Our content is designed to Empower Seniors and their Families through the Daunting Journey of Aging.
Featuring our host, Suzanne Newman and top industry providers across the USA, together, we support, coach and assist seniors, caregivers and their families in finding the best independent solutions in world of aging, with a comprehensive line-up of topics covering Health &amp; Wellness, Life Changes, Living Options, and Money &amp; Law.

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Featuring our host, Suzanne Newman and top industry providers across the USA, together, we support, coach and assist families in finding the best independent solutions in world of aging, with a comprehensive line-up of topics covering Health & Wellness, Life Changes, Living Options, and Money & Law.

Empowering Seniors and their Families through the Daunting Journey of Aging
For Caregivers: If you're caring for a senior loved one, or navigating later life care, we help make the journey so much easier for you and your family.
For Seniors: We help you be proactive to prepare for your aging years ahead, honoring your wishes.
Featuring our host, Suzanne Newman and top industry providers across the USA, together, we support, coach and assist families in finding the best independent solutions in world of aging, with a comprehensive line-up of topics covering Health &amp; Wellness, Life Changes, Living Options, and Money &amp; Law.

Answers for Elders

People think because we’re a community property state that they don’t need to plan, they own things, they think everything automatically goes to your spouse, but then they start adding...

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