Phantom Stock to Reward (and Retain) Key Personnel
One challenge for the business owner is attracting and retaining key personnel. This challenge permeates all businesses from the largest to the smallest. At some point, the key person needs…
The Side Job and Choice of Entity Planning
“Corporation, n. an ingenious device for obtaining individual profit without individual responsibility.” Ambrose Bierce, the Unabridged Devil’s Dictionary. Regrettably, Limited Liability Companies (LLCs) were not included in Ambrose Bierce’s popular…
New Transfer on Death Deed Avoids Probate and Seamlessly Transfers Land
One of the challenges facing an individual that owns property outside of his or her state of residence is the fact that a person’s estate generally must go through probate…
Miniature House on A Financial Graph
Possibilities for Passive Income –
Real Estate and Stock Market
With the Tri-Cities housing market about as hot as it has ever been, why would an investor want to consider investing in the stock market? Let’s compare and contrast some…
The Multi-Pronged Approach to Paying for Your Child’s Education
As higher education costs continue to rise, it’s important to consider how best to fund your child’s or grandchild’s education. I propose a multi-pronged approach to utilize tax-advantaged 529 plans,…
Spousal Trust for Protection for Your Spouse (or From Your Spouse)
A trust set up for the benefit of your spouse can provide powerful protection for your spouse while at the same time protect your vision for the ultimate distribution of…
Charitable Lead Trust
What is a charitable giving technique that doubles as a wealth transfer technique to avoid estate taxes and at the same time works especially well in a low-interest rate environment…
Creating Income from Investment Accounts
One common concern for investors is seeking a reliable source of passive income. Sometimes it is not immediately evident to those investors that an investment account can easily produce passive…
Washington Capital Gains Tax
On May 4th of this year, Governor Inslee signed into law a new capital gains tax set to take effect January 1, 2022. This law likely will not impact most…
Family Car Doctrine of Liability
From time to time, it is important to take stock of our own personal liability exposure and find ways to mitigate that liability. Liability exposure can creep into our lives…
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