Articles

Distinguishing the Revocable Living Trust from the Will-Based Estate Plan

Distinguishing the Revocable Living Trust from the Will-Based Estate Plan You’ve likely heard finance experts say it. In fact Suze Orman wrote about it in the July issue of the Costco Connection (2015). It is this piece of estate planning wisdom: “a revocable living trust is a document all families should have.” Is this true? Do you need a revocable living trust here in Washington State? The two primary methods to pass property to your heirs are the Will and the...

Preparing your Business for Sale

Preparing your Business for Sale At some point, the lucky entrepreneur is able to realize the fruits of her success and ride off into the sunset after the momentous occasion of having sold her business. But, the path to the sale is a complicated one. Preparation is essential. Too often, the seller pencils out a deal to sell her business with a prospective purchaser without ever getting her metaphorical house in order. Then, when the seller goes to the lawyer...

Department of Labor Fiduciary Standard Rule

Department of Labor Fiduciary Standard Rule Some of you may have heard the discussion on the news lately of the Department of Labor (DOL) Fiduciary Standard applicable to financial advisors.  We have been asked by clients recently if we are a fiduciary for them and we have been happy to say YES.  We thought we’d let you know what the discussion is generally about as well as why these developments are not likely to change the way we work...

Short Term Excess Cash – Where do we park it?

Short Term Excess Cash – Where do we park it? Sometimes our clients come into excess cash. They sell an asset or a business. They receive an inheritance or gift. They receive a large bonus or award. And, though the client feels secure in the fact that Cornerstone is investing their other assets in a personalized and diversified portfolio, the client is reluctant to enter the market with the excess cash. Perhaps the market is volatile or perhaps the client...