Oregon’s Millionaire Boom: A New Era of Wealth and Complexity Oregon has experienced a dramatic rise in its millionaire population over the past decade. According to recent IRS data, the number of residents earning $1 million or more annually has surged from just 1,800 in 2010 to approximately 6,490 in 2022—a more than threefold increase.…

For more than 35 years, Northwest Trustee & Management Services has guided individuals and families through the complexities of trust and estate administration. One of the most common decisions clients face is whether to appoint a trusted friend or family member to manage their trust—or to rely on the expertise of a professional trustee.  For…

Imagine being the parent of a child living with a significant disability. Your daily life is filled with navigating therapies, medical appointments, and education plans – all while quietly worrying about the future.  For many parents across Washington State, the future is a real concern. What happens when you’re no longer around to provide care?…

Should Seattle’s young millionaires be thinking about trusts? The answer is – yes. Seattle is minting new millionaires by the thousands – now above 54,000.  According to a recent KUOW article, the city may have lost high-profile billionaires like Jeff Bezos, but a new wave of wealth is rising — driven largely by tech professionals, startup…

When Linda’s father passed away in Spokane, she suddenly found herself responsible for managing his estate—while juggling a full-time job and raising two busy teenagers. Plus—she lived in Bellevue, WA, a drive of over 4 hours.  The will named her as personal representative, but she had no idea how to handle probate court filings, property…

From tech giants to aerospace pioneers, Washington State has become (and continues to be) a powerhouse of prosperity, creating a new generation of affluent families facing unique wealth preservation challenges.  As these fortunes grow, savvy Washington families, from Seattle to Spokane, are increasingly turning to sophisticated trust strategies tailored to the state’s distinctive legal and…

Anthony stared at the stack of paperwork on his desk—tax forms, investment statements, regulatory updates, and three messages from beneficiaries requesting distributions. Appointed by his grandfather to serve as trustee of a family trust, he’d expected to make important decisions, not drown in administrative minutiae.  His situation highlights a common dilemma: while creating a trust…