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…
Umbrella Insurance for Asset Protection
In the world of asset protection, one well-known concept to mitigate risk is to transfer the obligation for payment of a valid claim to another person. This risk mitigation is…
Loans Against Investment Accounts
Though most Americans have at least a passing understanding of the ability to use the equity in a house to obtain a low-interest loan though a Home Equity Line of…
Fractional Ownership of Family Property
In most families, the parents dream of leaving a legacy to their children. Of course, the parents want to create a legacy in terms of intrinsic family values and ethics…
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…
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…
Protecting Your Address is Possible, But Complicated
In the world of property privacy planning, it would be nice if a single solution existed to protect a person and his or her assets from the preying eyes of…
Options to Protect Special Property
Think of a unique piece of property. Maybe it’s a plot of land you own that is situated perfectly to be added to the Badger Mountain trail system. Maybe it’s…
