Whether you know it or not, your “estate” is comprised of different assets with different attributes. Some of your assets will be …
A power of attorney authorizes a person (an “agent”) to act on behalf of the “principal” when the principal is no longer …
Business owners beware: starting this year, individuals seeking to set up a legal entity (think LLC or corporation) as well as owners …
Small business owners sometimes have an enviable opportunity to save on tax. They rightfully look for every loophole to which they are …
Washington state has published its estate tax threshold for 2024. Spoiler alert: it hasn’t changed from 2023. When learning about the estate …
During a lunch with an Executive Director of a local charity that currently qualifies as a tax-exempt 501(c)(3), I heard him remark …
As a senior citizen ages in her residence, she begins to understand a problem that has been brewing for years or decades. …
Commonly called “Probate,” the laws that dictate the handling of a person’s assets after their death usually depend on the state …
Are you confused about the Health Care Directive? Is it the same as a Power of Attorney for Health Care? And what …
Securing a source of capital for a new or existing business can be a challenge. Consider a common scenario: Diana has a …
When setting up a business, conventional wisdom dictates that the business be set up in a legal entity providing limited liability protection, …
Individuals seeking to start or grow a business often look to acquisition strategies to achieve those goals. Once a prospective Buyer has …
In the world of asset protection, one well-known concept to mitigate risk is to transfer the obligation for payment of a valid …
On March 24, 2023, the Washington State Supreme Court released its long-awaited opinion upholding the constitutionality of the new Washington Capital Gains …
Diversity comes in many forms and many related ways of accommodating different needs. When parents are planning for the needs of children …
Transferring wealth to children will become a touch easier in 2024. Buried in the estimated 4000-page Consolidated Appropriation Act of 2023 that …
In 2019, The SECURE Act changed the rules concerning the distributions from pre-tax Individual Retirement Accounts (IRAs) inherited through beneficiary designation (a …
Couples are often wary to bring up the dreaded P word when discussing their nuptials. After all, who wants to ostensibly discuss …
Periodically checking and updating beneficiary designations on retirement accounts and life insurance is prudent. The next time you navigate the online portal …
Different business entities like corporations and limited liability companies are governed by default laws published by state legislatures. Nonprofits in Washington are …
As Benjamin Franklin once said, “In this world nothing can be said to be certain, except death and taxes.” Taxes come in …
