Understanding Medicaid Planning: How to Qualify Without Losing Everything
For many families, the rising cost of long-term care is one of the biggest financial threats they face in retirement. Nursing home care in Washington State can cost upwards of $100,000 per year—and most private insurance policies don’t cover it. That’s where Medicaid can be a vital lifeline.
But here’s the challenge: qualifying for Medicaid doesn’t happen automatically. And without careful planning, families are often forced to spend down their assets, sell property, or drain retirement accounts just to meet eligibility requirements.
The good news? With proactive legal guidance, you can qualify for Medicaid without losing everything you’ve worked a lifetime to build. The tools you can use to help are actually written in the law, but only help if you know about them.
When Should You Update Your Will or Trust? Key Life Events to Watch For
Creating a will or trust is one of the most important steps you can take to protect your loved ones and ensure your wishes are carried out. But even the best estate plan isn’t meant to sit untouched for decades.
At Pettis Webber Pacific, we often tell clients that estate planning isn’t a one-time event—it’s an ongoing process. As your life changes, so should your plan. Failing to update your documents could result in unintended consequences, family conflict, or assets ending up in the wrong hands.
Avoiding Family Conflicts: Clear Estate Planning Strategies for a Smooth Transition
Estate planning isn’t just about money—it’s about people. And when emotions, expectations, and relationships intersect during times of loss or transition, the risk of family conflict rises.
At Pettis Webber Pacific, we’ve seen how grief, confusion, and lack of communication can quickly turn even well-meaning families into adversaries. The good news? Most of these conflicts are preventable with clear, thoughtful planning.
Here are key estate planning strategies you can use to help ensure a smooth transition—and keep your family united when it matters most.
Common Probate Mistakes That Cost Families Thousands (And How to Avoid Them)
Probate is the court-supervised process of settling a person’s estate after they pass away—and while it serves an important legal function, it can also be time-consuming, public, and expensive. Unfortunately, many families lose thousands of dollars (and countless hours) due to common probate mistakes that could have been avoided with some simple planning.
At Pettis Webber Pacific, we’ve guided many Washington families through the probate process—and we’ve also helped others plan ahead to stay out of it. In this article, we’ll explore the most common probate missteps and how to avoid them.
