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Bringing Rural Communities Up to Speed: Port of CW Partners With NocTel

Washougal, WA — In alignment with its slogan “It is our nature to thrive” the Port of Camas Washougal has partnered with its tenant NocTel to bring the best, fastest local Internet service to its tenants within the Port District. The Port is well known for being committed to helping tenants thrive through support and advocacy locally and beyond.

Port Executive Director, David Ripp said “Partnering with Cory Schruth of NocTel on this project is a clear choice for us, their goals and values in the community completely align with ours. They have proven they are a tenant that is committed to bringing a true quality service to Port tenants and local residents, which is the best and most reliable service to this area. This is why the Port exists, to continue to support companies like NocTel.”

NocTel has been around since 2011 and during Covid the demand for rural areas in SW Washington to have the opportunity for high speed Internet service became glaringly apparent, so they jumped at the chance to provide a solution. NocTel Fiber provides fast broadband to neighborhoods that do not currently have options for fast Internet access. As a local resident, Cory understood how frustrating using slow Internet can be. Parents, those working remotely, and students alike now had access to Internet service they didn’t know was an option for them at the time.

Abysmal, hopeless and slow were some of the words used to describe rural SW Washington Internet services, they reached out to many well-known entities, but no help came. Cory realized it was time to take charge and build a network. This is how NocTel Fiber was born. He determined fiber optic cable was the fastest and most reliable solution for rural areas. Now, NocTel Fiber has miles of cable in rural areas in SW Washington, with many future plans to expand their network.

Cory Schruth, Founder of NocTel Fiber said “We bring Fiber to the Forgotten. We don’t think anyone should not have the same opportunity as anyone who lives in a city, metropolitan area to have the same connection to the world. We are thrilled to work with the Port of Camas/Washougal to provide their tenants with exactly what they deserve, reliable, fast Internet service through fiber.”

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Celebrity Estate Plans Series, Part 3 of 4: Jay Leno’s Case No Laughing Matter

For the last two weeks, we’ve discussed celebrities and how they planned (or didn’t!) for their deaths. In this third installment of our four-part celebrity series, we discuss a topic that no one wants to consider as it may seem to be a fate worse than death: incapacity. Unlike death, not everyone will become incapacitated. Yet, it’s an essential part of your future planning because if you do become incapacitated, you want to have made your choices well before that occurs. To illustrate the importance of planning for incapacity, we’ll examine the real-life court case involving Jay Leno and his wife, Mavis. I assure you, it is no laughing matter. A comprehensive Life & Legacy Plan can provide reassurance and peace of mind, and we’ll explore its benefits in this context. 

The Leno case highlights what happens when you or a loved one becomes incapacitated and what can happen if you have not planned in advance. From the Leno case, we can learn several lessons, including 1) What incapacity is and what it is not, 2) What a spouse can and can’t do with the other spouse’s financial affairs, and 3) How you can end up in court with all your affairs becoming public knowledge. We’ll address all three topics here, emphasizing why these matter, even for tf us who have never hosted “The Tonight Show.”

Let’s start with the basics: what do we mean by discussing “incapacity”?

What Incapacity Is and What It’s Not

If you become incapacitated, you’ve lost the ability to make sound financial, medical, or legal decisions for yourself. You may even make harmful decisions or be unable to communicate at all. Incapacity can result from several circumstances, including a tragic accident, a serious, end-of-life illness, or aging-related challenges, such as dementia or Alzheimers. Like death, incapacity can strike at any time and any age. Once it does, it’s too late to get your affairs in order, and your loved ones will be stuck in a mess. This is why planning for incapacity is not just a good idea, it’s a necessity. 

This may seem obvious, but stay with me: It’s important to note that incapacity occurs while you’re alive. I say this because estate planning, to some degree, has much to do with timing. You can have a plan and create documents that deal with your incapacity. However, that plan and documents become null and void once you die, and another document is needed.

This matters to you: If you’re like many people, you’ve heard of a document called a Power of Attorney. You may even have authority for an aging relative under a Power of Attorney. In my practice, however, I’ve found that most people don’t realize that the authority granted under that Power of Attorney ends as soon as the person granting the power dies. So, while you may be able to access your loved one’s checking account to pay bills while they’re alive, that ends immediately at death if your access was under a Power of Attorney. You must then get separate authority – from a court if assets are not held in a trust – to handle the remaining assets after death. In simpler terms, the legal documents you have in place for incapacity may not be enough, and you could end up in court if you’re not prepared.

This means your incapacity planning and post-death planning must work together so the transition is handled smoothly and with as much ease for your loved ones as possible. And that brings us to the Leno case.

So, What Happened In the Leno Family? (And What It Means for You)

Mavis Leno, Jay’s wife of more than 40 years, is battling dementia and has reached the point where she can no longer handle her financial affairs. So, Jay had to go to court (essentially filing a lawsuit against his wife) to be able to manage her finances. After a few months, the court ruled and gave Jay the requested authority.

That’s essentially the entire story. But we can’t stop there! Even from just three simple sentences above, several key takeaways exist. 

Here are the highlights:

Even though they were married, Jay did not have automatic authority to manage Mavis’s finances. And neither will you if you’re married and your spouse has separate assets. Any assets or accounts you own are your property and your property alone. Marital status is irrelevant. And, if you don’t have advance planning in place, your spouse could need to go to court and sue your “estate” to get appointed and be able to take control of your assets. 

Leno had to file a lawsuit (against his wife) to gain control of his wife’s finances. 

That’s the process, no matter what State you’re in. If you don’t have advance planning and you become incapacitated, someone will need to go to court to get authority, even if you have powers of attorney in place. And it will cost time (a few months in most cases) and money. While waiting for the court to rule, you won’t be able to pay your spouse’s bills using their money (or they may spend away, unaware of what they’re doing). That leaves you with two options: 

You can pay the bills with your money and then get reimbursed later. This may be fine, especially if you have the financial means. But if you don’t have immediate access to cash, say your spouse paid all the bills from their account, this could mean trouble and potential asset loss. Or, bills simply go unpaid. Maybe you can explain the situation to the financial institution, and they will be patient while the court process plays out, but this doesn’t always happen. 

The court process is set up for conflict, and the more conflict there is, the longer the process will take. In Leno’s case, he and Mavis have been married for over 40 years, and it’s their first and only marriage (relationship goals, right?). Given this fact, it’s reasonable to assume that no one challenged Jay’s request. But what if one of them had been married before and had children from the prior marriage? And what if one of those children wanted to ensure they got their inheritance and didn’t want the step-parent to have any control over the money? Sadly, this happens all the time. When it does, the case can go on and on, meaning court costs go up, and the assets in question could be at risk due to the time delay.

Leno’s personal and family information became public knowledge, but not because he’s famous. In most States, you must disclose your address, your family members and their addresses, and information about the financial assets. The Leno family’s story is available for all of us to read, not because he’s famous, but because they had to go to court. 

This can be problematic because scammers are paying attention. They tend to pay particular attention if you (or someone you love) are vulnerable, especially if you’re older. I could write books about how often older people fall prey to these scams. And they’re all disturbing.

So, what have you gleaned from these insights so far? If anything concerns you, know there is a much better way this could have been, and this better way lies within your reach. 

A Life & Legacy Plan Keeps Your Affairs Private and Your Family Out of Court and Conflict

A Life & Legacy Plan solves the problems that left Jay Leno having to sue his wife’s estate to get access to her accounts. With a Life & Legacy Plan in place, you would have a seamless transition from capacity to incapacity and then to death. There’s no time delay; assets can be immediately available if needed. A Life & Legacy Plan can also keep you and your loved ones out of court and conflict, saving time and money and keeping all your affairs private.

When you work with me to create your Life & Legacy Plan, we’ll ensure your plan stays updated throughout your lifetime. This is critically important because if your estate plan doesn’t reflect your current life circumstances, the time you need won’t work. That means you end up in court, just like the Leno family; for context, most attorneys ensure your plan stays current. But I’ve seen too many plans fail because of this; we’ll review your plan at least every three years and make updates as necessary. 

We’re Here for You Throughout All Of Life’s Changes

Incapacity planning is more crucial than ever, especially with cases of dementia on the rise. According to Alzheimer’s Disease International, over 55 million people worldwide currently have dementia, and that number is expected to increase to 78 million by 2030. Whether you’re diagnosed with dementia, another severe illness, or a terrible accident that results in your incapacity, a Life & Legacy Plan will help ensure you’re prepared, no matter what happens.

We help you create a Life & Legacy Plan so that your loved ones stay out of court and conflict and have a plan that works when you (and they) need it. Once you’ve created your plan, you can rest easy knowing your wishes will be honored, your loved ones cared for, and your personal information kept private. 

Contact us today!

This article is a service of Res Nova Law, a Personal Family Lawyer® Firm. We don’t just draft documents; we ensure you make informed and empowered decisions about life and death, for yourself and the people you love. That’s why we offer a Life & Legacy Planning™ Session, during which you will get more financially organized than you’ve ever been before and make all the best choices for the people you love. You can begin by calling our office today to schedule a Life & Legacy Planning™ Session.

The content is sourced from Personal Family Lawyer® for use by Personal Family Lawyer® firms, a source believed to be providing accurate information. This material was created for educational and informational purposes only and is not intended as ERISA, tax, legal, or investment advice. If you are seeking legal advice specific to your needs, such advice services must be obtained on your own separate from this educational material.

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A Promising New Method Uses Light to Clean Up Forever Chemicals

The room-temperature defluorination method offers a promising solution for treating perfluoroalkyl substances.

A room-temperature method to decompose perfluoroalkyl substances (PFASs) using visible LED light offers a promising solution for sustainable fluorine recycling and PFAS treatment. Researchers at Ritsumeikan University achieved a 100% breakdown of perfluorooctanesulfonate (a type of PFAS) in just eight hours and an 81% breakdown of Nafion (a fluoropolymer) in 24 hours. This innovative approach can recover fluorine from waste PFAS, reducing the need for new fluorine production.  

Perfluoroalkyl substances (PFASs), nicknamed ‘forever chemicals,’ pose a growing environmental and health threat. Since the invention of Teflon in 1938, PFASs and perfluorinated polymers or PFs have been widely used for their exceptional stability and resistance to water and heat. These properties made them ideal for countless applications, from cookware and clothing to firefighting foam. However, this very stability has become a major problem. PFASs do not easily break down in the environment, leading to their accumulation in water, soil, and even the bodies of humans, where they are known to cause carcinogenic effects and hormonal disruptions. Today, these chemicals can be found in drinking water supplies, food, and even in the soil of Antarctica. Although there are plans to phase out PFAS production, treating them remains challenging as they decompose only at temperatures exceeding 400 °C. As a result, certain amounts of products containing PFASs and PFs end up in landfills, potentially creating future contamination risks. 

Now, a room-temperature defluorination method proposed by researchers at Ritsumeikan University could revolutionize PFAS treatment. Their study, published in the journal Angewandte Chemie International Editionon 19 June 2024, details a photocatalytic method that uses visible light to break down PFAS and other fluorinated polymers (FPs) at room temperature into fluorine ions. Using this method, the researchers achieved 100% defluorination of perfluorooctanesulfonate (PFOS) within just 8 hours of light exposure.

“The proposed methodology is promising for the effective decomposition of diverse perfluoroalkyl substances under gentle conditions, thereby significantly contributing towards the establishment of a sustainable fluorine-recycling society,” says Professor Yoichi Kobayashi, the lead author of the study.

The proposed method involves irradiating visible LED light onto cadmium sulfide (CdS) nanocrystals and copper-doped CdS (Cu-CdS) nanocrystals with surface ligands of mercaptopropionic acid (MPA) in a solution containing PFAS, FPs, and triethanolamine (TEOA). The researchers found that irradiating these semiconductor nanocrystals generates electrons with a high reduction potential that break down the strong carbon-fluorine bonds in PFAS molecules.

For the photocatalytic reaction, the researchers added 0.8 mg of CdS nanocrystals (NCs), 0.65 mg of PFOS, and 20 mg of TEOA to 1.0 ml of water. They then exposed the solution to 405-nanometer LED light to initiate the photocatalytic reaction. This light excites the nanoparticles, generating electron-hole pairs and promoting the removal of MPA ligands from the surface of the nanocrystals, creating space for PFOS molecules to adsorb onto the NC surface.

To prevent photoexcited electrons from recombining with holes, TEOA is added to capture the holes and prolong the lifetime of the reactive electrons available for PFAS decomposition. These electrons undergo an Auger recombination process, where one exciton (an electron-hole pair) recombines non-radiatively, transferring its energy to another electron, and creating highly excited electrons. These highly excited electrons possess enough energy to participate in chemical reactions with the PFOS molecules adsorbed on the NC surface. The reactions lead to the breaking of carbon-fluorine (C-F) bonds in PFOS, resulting in the removal of fluorine ions from the PFAS molecules.

The presence of hydrated electrons, generated by Auger recombination, was confirmed by laser flash photolysis measurements, which identified transient species based on the absorption spectrum upon laser pulse excitation. The defluorination efficiency depended on the amount of NCs and TEOA used in the reaction and increased with the period of light exposure. For PFOS, the efficiency of defluorination was 55%, 70–80%, and 100% for 1-, 2-, and 8-hour light irradiation, respectively. Using this method, the researchers also successfully achieved 81% defluorination of Nafion, a fluoropolymer, after 24 hours of light irradiation. Nafion is widely used as an ion-exchange membrane in electrolysis and batteries. 

Fluorine is a critical component in many industries, from pharmaceuticals to clean energy technologies. By recovering fluorine from waste PFAS, we can reduce reliance on fluorine production and establish a more sustainable recycling process. “This technique will contribute to the development of recycling technologies for fluorine elements, which are used in various industries and support our prosperous society,” concludes Prof. Kobayashi.

Reference

Title of original paper: Multiphoton-driven Photocatalytic Defluorination of Persistent 

Perfluoroalkyl Substances and Polymers by Visible Light

Journal: Angewandte Chemie International Edition

DOI: https://doi.org/10.1002/anie.202408687 

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Gluesenkamp Perez, Bacon Introduce Amendment to Balance Budget

WASHINGTON, D.C. – Last week, Rep. Marie Gluesenkamp Perez (WA-03) and Rep. Don Bacon (NE-02) introduced a bipartisan Constitutional amendment that would require the President and Congress to deliver balanced budgets every year by preventing the federal government from spending more money than it receives in tax revenue. 

Earlier this month, the United States government’s debt surpassed $35 trillion for the first time in history. Under this amendment, any appropriations legislation that adds to the national debt must pass with a three-fifths majority vote from both the Senate and the House of Representatives. It also requires that the President’s proposed budgets be balanced.

The amendment includes provisions that protect essential safety nets such as Social Security and Medicare payments, as well as maintain existing debt payments to avoid default. 

“As our national debt surpasses $35 trillion and folks across Southwest Washington face the impacts of high costs, our federal government needs to reign in our deficit, balance our budgets, and be responsible stewards of taxpayer dollars. We haven’t had a balanced budget in more than 20 years, and it’s time for Congress to end this reckless cycle,” said Rep. Gluesenkamp Perez. “Our bipartisan balanced budget amendment will make it harder for the federal government to spend more than it brings in, while protecting vital programs our communities depend on. It’s how we get back on track to cut government waste, reduce our deficit, and avoid passing more debt onto our children.”

“Families across our nation spend within their means and keep a budget, especially during these challenging times. The federal government should also have to maintain a balanced budget,” said Rep. Bacon. “This legislation would require the President’s proposed budgets to be balanced while protecting Social Security and Medicare.”

In May, Rep. Gluesenkamp Perez was recognized as a 2024 Fiscal Hero for leading bipartisan efforts to take on the national debt, and she has repeatedly urged her colleagues to work toward fiscal stability. Earlier this year, she introduced the bipartisan Comprehensive Congressional Budget Act to create a more efficient and effective process for Congress to determine our nation’s spending and revenue.

Full text of the amendment is available here.

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Celebrity Estate Plans Series, Part 2 of 4: Vanilla Ice Has Thoughts

This week, we’re continuing to look at the lives of four celebrities and how they’re preparing for the inevitable (or didn’t!). Last week, we examined Michael Jackson’s planning and the holes in his plan that resulted in his family being embroiled in court and conflict for 15 years and counting (if you missed it, go back and check it out!) in this second article of our 4-part celebrity series, Vanilla Ice chimes in with his estate planning experience, advice, and lessons learned on a video he posted to his YouTube channel. He has a lot to say! 

Vanilla Ice (Really) Hates Estate Taxes

Vanilla Ice shares the story of his buddy Mark, whose parents owned a sprawling property in Palm Beach, Florida. When they passed, Mark and his siblings sold the estate, expecting to be set for life. However, estate taxes ended up taking over 80 percent of their profit. Ouch.

Vanilla Ice calls this tax a “generational wealth killer,” he’s not wrong. Estate taxes can sneak up and bite a massive chunk of your wealth. And the thing is, with a proper estate plan, this doesn’t have to happen! The key is to educate yourself. Knowing what you’re up against helps you plan smarter so that more of your hard-earned assets reach your heirs. 

Education is the most important part of estate planning. That’s why my planning process begins with a Life & Legacy Planning Session, where you’ll get the plain and straightforward education you need to make wise decisions about your planning, including how to keep your family out of court and out of conflict, minimize taxes, and ultimately create a plan that works for you and the people you love, when they need it. 

So, first lesson: if you suspect your family could pay estate taxes at your death, don’t wait to plan. There’s way too much at stake. Call us, and let’s get you to know about the kind of planning you want and need for yourself and the people you love. 

Vanilla Ice Thinks Life Insurance is Cool

(“Ice” and “cool” – get it? Sorry, I couldn’t resist.) 

Life insurance isn’t just for covering funeral costs – it’s a secret weapon in estate planning. Vanilla Ice suggests “maxing out your life insurance” to give your kids as much money as possible. What makes life insurance “cool” is that death benefits aren’t subject to income tax, meaning your heirs can get more bang for your buck than if you were investing the money you’d put into life insurance premiums into just about any other asset class. 

It’s worth considering what Vanilla Ice suggests here. When you take out a life insurance policy, the payout can cover any necessary taxes, probate fees, and debts, ensuring your heirs receive the lion’s share of your assets. Life insurance can help with short-term needs, like paying off a mortgage, or it can serve your family’s long-term needs, like maintaining the lifestyle to which they’re accustomed.

When you get educated via our Life & Legacy Planning process, we’ll look at your life insurance, whether you have the right amount and the right type, and ensure you are 100% clear on what it might mean to “max out your life insurance” and if you really should do that. We’ll consider whether you need more insurance, less insurance, or a different kind of insurance based on your family dynamics, assets, and what you want for the people you love after you leave.

Second lesson: If you want to be cool, plan to buy the right type and kind of life insurance.

Ice Says Trusts Are Not Just for the Rich and Famous (and He’s Right!)

Trusts might sound like something only the super-wealthy need, but they’re an intelligent tool for anyone looking to protect their assets. 

Ice mentions irrevocable trusts specifically. These types of trusts let you transfer assets to a beneficiary while removing the assets from your taxable estate, ensuring your assets aren’t subject to estate taxes. Any assets in an irrevocable trust are protected from legal judgments and creditors IF you do it correctly and in the right jurisdiction. If it’s something you are interested in, contact us, and we can talk. In the video, Ice jokes about putting his classic car collection into a trust and setting rules, such as his kids can lease but not sell the cars. This protection ensures your heirs benefit from it, but don’t squander the assets. In other words, even after death, you can determine how your assets will be used. And if you want to protect them for future generations, you can. This is one way to create generational wealth. 

So now we’re up to our third and final lesson: If you want to protect and preserve your assets for generations, take Vanilla Ice’s advice and utilize trusts in your planning. 

Put Vanilla Ice’s Advice Into Action Today

Vanilla Ice’s video brings forward lessons everyone can benefit from. By understanding your options, including how taxes and life insurance impact your family and assets specifically, and considering using well-counseled trusts, you can safeguard your assets and ensure they benefit your loved ones the way you want. To quote his classic hit, “Ice Ice Baby,” ‘Anything less than the best is a felony.’ Take these lessons from Vanilla Ice to heart, and start building a solid estate plan today. Your future generations will thank you for it. 

We help you create a Life & Legacy Plan rooted in education and clarity so your loved ones stay out of court and conflict and your assets are protected. Once we’ve created your plan, you can rest easy knowing you’ve done the right things for the people you love most.

Contact us today!

This article is a service of Res Nova Law, a Personal Family Lawyer® Firm. We don’t just draft documents; we ensure you make informed and empowered decisions about life and death, for yourself and the people you love. That’s why we offer a Life & Legacy Planning™ Session, during which you will get more financially organized than you’ve ever been before and make all the best choices for the people you love. You can begin by calling our office today to schedule a Life & Legacy Planning™ Session.

The content is sourced from Personal Family Lawyer® for use by Personal Family Lawyer® firms, a source believed to be providing accurate information. This material was created for educational and informational purposes only and is not intended as ERISA, tax, legal, or investment advice. If you are seeking legal advice specific to your needs, such advice services must be obtained on your own separate from this educational material.

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Camas Plans New Roundabout at Lake Road/Sierra Street Intersection

Camas, WA — The City of Camas announced today that after reviewing public input and an engineering analysis, city leaders are moving forward with plans to construct a roundabout at the Lake Road/Sierra Street intersection.

City leaders say a new roundabout will do the following:

  • Improve safety and mobility by reducing the likelihood of high-speed collisions.
  • Reduce traffic backups, mainly for northbound motorists on NW Sierra Street trying to enter onto Lake Road.
  • Upgrade sidewalks and bicycle lanes.

The project is funded for design but not for construction. The City is currently moving forward with designing the roundabout and pursuing construction funding. 

The City will continue to share information during the design process. More information is available at https://engagecamas.com/nw-lake-rd-and-nw-sierra-st-intersection-improvements

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Election 2024: Primary Preliminary Results in; Gluesenkamp Perez, Kent Win

Vancouver, WA — The Clark County Elections Office released the preliminary results of the August 6, 2024 primary election, and here are the results:

U.S. Representative, District 3

Leslie Lewallen (R): 8,984 12.00%

Joe Kent (R): 25,587 34.18%

John Saulie-Rohman (I): 1,813 2.42%

Marie Gluesenkamp Perez (D): 38,482 51.40%

Legislative Candidates, District 17

State Senator:

Paul Harris (R): 10,508 49.36%

Marla Keethler (D): 10,782 50.64%

State Representative, Position 1

Kevin Waters (R): 12,890 100.00%

State Representative, Position 2

Hannah Joy (R): 5,080 23.94%

David Stuebe (R): 5,593 26.36%

Terri Niles:(D): 10,548 49.71%

Legislative Candidates, District 18

State Senator:

Greg Cheney (R): 5,505 22.40%

Brad Benton (R): 7,554 30.74%

Adrian Cortes (D): 11,517 46.86%

State Representative, Position 1

Stephanie McClintock (R): 13,317 54.74%

Deken Letinich (D): 11,009 45.26%

State Representative, Position 2

John Ley (R): 9,362 38.28%

Phillip L. Johnson (R): 3,269 13.37%

John Zingale (D): 11,824 48.35%

City of Camas, Prop 4: 

Approved: 3,020 67.71%

Rejected: 1,440 32.29%

This proposition would authorize the City to acquire land and construct and equip a new fire station, renovate an existing fire station and acquire a new fire engine to improve fire safety throughout the City.

Elections Office Audit

The Clark County Elections Office said “Beginning at 10 am Wednesday, Aug. 7, elections officials will perform a hand count of approximately 600 ballots randomly selected as part of a manual comparison against machine results.”

For this comparison, approximately 600 ballots from the 3rd Congressional District race will be counted by hand, to check the accuracy of the ballot tabulation equipment. The selected ballots will be counted in the total returns on Election Day. 

All active registered voters are eligible to vote in this election. If a voter has not received their ballot, they should contact the Elections Office at 564.397.2345 or [email protected]. 

A voter may download a replacement ballot at VoteWA.gov. Sign in using your name and date of birth. Click “Your Ballot and Voting Materials” and then click “Get a Replacement Ballot.” The voter must print the declaration sheet and ballot and return it by following the instructions.

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Celebrity Estate Plans Series, Part 1 of 4: Michael Jackson

What is it about celebrities that always draws us in? For whatever reason, we just can’t resist a good, juicy celebrity story. So, for the next few weeks, we will look at the lives of 4 celebrities and see what we can learn from their stories. 

This week, we’re turning the spotlight on Michael Jackson. Even if you aren’t old enough to “Remember the Time” when Michael Jackson was dominating the charts, by the end of this article, you’ll see that he left holes in his estate plan that we can learn from.

Now, let’s dive in and learn how to avoid the same fate for your loved ones. 

It’s As Easy as “ABC” (and 1, 2, 3)

Before we look at the specifics of Michael Jackson’s story, let’s dispel a myth about estate planning: You need not be rich, philanthropic, or famous to need estate planning. You need estate planning if you own anything – even a bank account – and have people in your life you love. It’s as simple as that (dare I say it’s as simple as “ABC” and 1,2,3?). So, as you think about your estate planning, it’s time to “Beat It” past the misconceptions so your loved ones can empower you to do the right thing. 

Creating a Will Alone is a “Bad” Choice

So what happened in Michael Jackson’s case? His estate plan included a Will, which established trusts for his mother, Katherine, and his three children, Paris, Prince, and Bigi. 

Let’s stop because this setup already has an increased potential for conflict.

When your assets pass via “Will” (instead of via Trust), your assets must go through a court process called probate. Subjecting your assets and your family to probate can result in a long, time-consuming, public, and messy court process that can be unnecessarily expensive to resolve. 

A trust, on the other hand, bypasses the court process altogether as long as your assets are owned in the name of the trust when you become incapacitated or when you die. If your assets are appropriately transferred and retitled into the trust (called “funding” the trust), your estate can be administered privately and often takes less time than the court process. A trust can be set up and funded while you’re alive, thereby avoiding probate, or it can be a part of your Will. When it’s part of your Will, like in MJ’s case, it isn’t established or funded until after the court process. So, if you’re trying to keep your family from going through the court process, putting a trust in your Will completely defeats the purpose.

Since Michael Jackson’s assets passed via a Will, there have been ongoing legal matters in court, which still haven’t been resolved in the 15 years after his death. MJ’s family is embroiled in a dispute with the IRS, so the trusts he intended to create for his mother and children remain unfunded. Therefore, some of his assets cannot be transferred to them as he planned. It’s also highly probable that the legal disputes continue to cost the estate a lot of money. That’s money that otherwise would have gone to his mother and children. 

Taxes – A Potentially “Dangerous” Situation! 

The Jackson estate’s ongoing battle with the IRS is a stark reminder of the tax implications that can affect your plan and your loved ones. When it comes to taxes, you can’t think in terms of “Black or White.” If you intend to avoid as many taxes as possible, you don’t want to cut corners by doing your estate planning cheaply or independently. That could be “Dangerous!” 

Taxes can significantly reduce the value you pass on to your heirs, directly impacting your loved ones. So, our next lesson from Michael Jackson’s story is that the stakes are too high to attempt alone when it comes to saving money on taxes. Work with a professional who can advise you properly. We aren’t clear why Michael Jackson didn’t get the support necessary to minimize taxes and protect his estate from a long, drawn-out court process, but we know we can help you and your loved ones.

Avoiding the “Thriller” of Legal Disputes

The Jackson case also highlights the importance of choosing the right representatives for your estate. These are the people who handle your affairs after you’re gone (they’re called “executors” if there’s a Will or “trustees” if there’s a Trust). MJ’s family members have criticized the representatives for the way they’ve managed the estate. In particular, Katherine Jackson has alleged that the executors have been too frugal and are holding onto assets to maintain control. 

Conflict between your representatives and your loved ones is always possible. To help minimize the potential, we recommend you communicate your intentions to your representatives and loved ones during your lifetime. Consider holding a meeting so everyone knows your wishes and understands the intent behind your decisions. You may not be able to “Heal the World” on your own, but you can promote healing within your own family and prevent future conflict by opening the lines of communication now. 

Also, know that you don’t have to choose family members to be your representatives – even if you feel pressured. If you aren’t sure who the “right people” are, think about people you know who are trustworthy and capable of handling complex financial and legal matters. There’s also the option of choosing a professional representative, as Michael Jackson did, who might be more appropriate for your situation. 

Our two final lessons from Michael Jackson’s story are: 1) Communicate your wishes openly to your representatives and your family, and 2) Choose the right people to act for you when you no longer can. 

“You Are Not Alone” – We’re Here for You

By learning from the challenges faced by Michael Jackson’s family, you can ward off the possibility of a similar outcome for your loved ones. Your careful planning today can pave the way for a smoother transition of your assets in the future, ensuring that you can support your family after you’re gone rather than creating a mess for them to handle without you. 

It’s “Human Nature ” to want to avoid thinking about your death, much less plan for it. We get it. But we can live a more fulfilling life when we face our mortality. The good news is that you don’t have to deal with it alone. We’re here to support you every step of the way. 

We help you create a comprehensive Life & Legacy Plan from a place of education and intention so that your loved ones stay out of court and conflict and you can minimize taxes. Once you’ve created your plan, you can rest easy knowing your wishes will be honored, your loved ones cared for, and your legacy preserved. 

Schedule a complimentary 15-minute consultation at Res Nova Law Firm to learn more. Contact us today!

This article is a service of Res Nova Law, a Personal Family Lawyer® Firm. We don’t just draft documents; we ensure you make informed and empowered decisions about life and death, for yourself and the people you love. That’s why we offer a Life & Legacy Planning™ Session, during which you will get more financially organized than you’ve ever been before and make all the best choices for the people you love. You can begin by calling our office today to schedule a Life & Legacy Planning™ Session.

The content is sourced from Personal Family Lawyer® for use by Personal Family Lawyer® firms, a source believed to be providing accurate information. This material was created for educational and informational purposes only and is not intended as ERISA, tax, legal, or investment advice. If you are seeking legal advice specific to your needs, such advice services must be obtained on your own separate from this educational material.

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August 6 is Primary Election Day: Here Are The Ballot Drop Off Box Locations

Vancouver, WA — According to the Clark County Elections Office, if you wish to return your voted ballot in person on or before Election Day take it to:

Clark County Elections Office (1408 Franklin Street, Vancouver), available from 8 am to 5 pm Monday through Friday and 7 am to 8 pm on Election Day.

Or return your voted ballot to one of the 22 red permanent ballot drop boxes, available 24 hours a day starting 18 days before an election until 8 pm on Election Day.

Clark County Locations: 

Vancouver Locations:

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Washougal High School Earns 2024 Jostens Gold Tier School of Distinction Award

Earlier this month, Washougal High School (WHS) student leaders were recognized with the 2024 Jostens Gold Tier School of Distinction Award for their work to improve school climate and culture. Riley Vaughan, Jude Maddox, Gavin Johnson, Mackenzie Olkowski, and WHS teachers Kyla Ritchey and Tami Grant accepted the award at the Jostens Renaissance Global Conference in Orlando, Florida on July 18, 2024.

The Jostens Renaissance School of Distinction Award celebrates schools excelling in fostering a supportive and engaging school environment. Schools can apply for one of three levels of distinction: silver, gold, or platinum. Schools must meet specific criteria to qualify for the Gold Tier level, including implementing the Renaissance Program framework for building a positive school culture.

“Positive school culture brings better attendance, higher test scores, and overall makes school a place where you want to be rather than where you have to be,” said Maddox, 12th grade student leader at Washougal High School. “We’re a school that recognizes you for doing the things you should do and rewards you for going above and beyond. I think that encourages people to do what they’re supposed to do.”

For the first time this year, student leaders at the high school organized a Renaissance Rally to recognize students for academic and extracurricular achievements. Student leaders measured the success of their efforts to improve school culture by using data from the Washington Office of Superintendent of Public Instruction (OSPI) report card and interviewing students and staff. 

“We worked on planning the Renaissance Rally for a good two months,” said Vaughan, 12th grade WHS student. “We plan on doing that a lot more this next school year and I think kids are ready for it.” 

The leadership class also organizes the annual Stuff the Bus community fundraiser and a handful of other initiatives to promote a sense of belonging at school. “Stuff the Bus is when everyone comes together as a family to help out our community and brings us all closer,” said Olkowski, 11th grade student at Washougal High School.

Student leaders also have a voice in making decisions that impact school culture by participating in monthly Student Voice Council meetings with Washougal High School Principal Mark Castle. Student leaders also serve as representatives to the Washougal School Board to weigh in on districtwide decisions.

“Since 2020, our student leadership group has been implementing Renaissance program ideas to improve climate and culture at our school. This was our first year to apply for the award, and we’re all very excited that we’re being recognized as a Gold Tier school,” said Ritchey, Associated Student Body teacher at WHS.

In winter 2023, Washougal High School was also one of three schools to win the nationwide Jostens Culture Challenge for leading an initiative to express appreciation for Washougal school bus drivers. The group of students gave cups of hot chocolate, with motivational messages written on them, to bus drivers at the school.

Learn more about Washougal School District at www.washougal.k12.wa.us

Washougal
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