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 …
Some readers have heard of personal asset protection strategies like trusts or limited liability companies. The draw to products like these is …
Though most Americans have at least a passing understanding of the ability to use the equity in a house to obtain a …
One of the most important and common questions that retirees face is when to take social security benefits. Regrettably, there is no …
On occasion, you or someone you know might be asked to co-sign a financial obligation for the purchase of a car or …
Parents that have built a successful business and have raised capable children might find the proposition of selling the family business to …
When people come together and vow to spend the rest of their lives together in wedded bliss, they sometimes bring to the …
Non-retirement investment accounts are often set up with wealth management firms. When the account is set up, there is an option to …
Finding a source of capital for a new or existing business is often a challenge. Consider the following scenario: Diana has a …
In the old days, the decision to fund a retirement account with pre-tax dollars (Traditional IRA) or fund it with after-tax dollars …
In most families, the parents dream of leaving a legacy to their children. Of course, the parents want to create a legacy …
Washington state estate tax got you thinking of moving away? Maybe other things have you thinking of relocating and the estate tax …
Several years ago, this author previously wrote a piece for the Journal of Business on non-compete agreements. Much has changed since that …
With the holiday season upon us and tidings of good cheer in the air, our collective instincts for generosity often peak. It’s …
One challenge for the business owner is attracting and retaining key personnel. This challenge permeates all businesses from the largest to the …
“Corporation, n. an ingenious device for obtaining individual profit without individual responsibility.” Ambrose Bierce, the Unabridged Devil’s Dictionary. Regrettably, Limited Liability Companies …
