A Simple Will?
“I’d like to have a complex estate plan,” said nobody, ever. Indeed, overwhelmed by the subject, most people have a goal for their estate plan: they just want something simple,…
Can I Retire Now? Monte Carlo says…
Tyler Scott shares how we use our Monte Carlo scenario software to help people plan for retirement and future spending.
Long-Term Care Planning Starts with Financial Planning, Not Trusts
Often, folks want to protect hard earned assets from the costs of healthcare as they age. They fear expensive assisted living and nursing home care costs. Though the fears are…
Remember Lending Basics Before Being Lured by the Promise of Guaranteed Interest
Have you ever been given an opportunity to loan someone money at an attractive interest rate? Driven by the prospect of higher “guaranteed” returns, prospective lenders sometimes look to opportunities…
When to Consider a Lifetime Trust for Children
Despite some misleading assertions to the contrary, trusts are not the solution for every estate plan. Trusts come with baggage and the person setting up the trust (herein the “parents”)…
Asset Protection Strategy Overview
Managing and preserving hard-earned wealth is a priority for many individuals. However, the specter of potential creditors looms ominously, ready to lay claim to our assets at any moment. Whether…
What To Do If Your Data Has Been Breached
It feels like we are notified weekly that our data has been breached by one source or another. Most recently, according to a class action lawsuit, National Public Data –…
How Much Estate Tax Will I Owe (Back-of-the-Napkin Calculation)
Washington state has published its estate tax threshold for 2024. Spoiler alert: it hasn’t changed from 2023. When learning about the estate tax, people generally want to understand how to…
Navigating the Personal Residence Capital Gains Tax Trap for Seniors
As a senior citizen ages in her residence, she begins to understand a problem that has been brewing for years or decades. The house that she bought many moons ago…
Out-of-State Property Requires Special Attention in Estate Plan
Commonly called “Probate,” the laws that dictate the handling of a person's assets after their death usually depend on the state in which they reside. However, when it comes…
