Despite some misleading assertions to the contrary, trusts are not the solution for every estate plan. Trusts come with baggage and the …
The end of the year marks the time when many people are doing two things simultaneously. First, they are deciding how much …
Many people desire to tithe both during life and after death. Accordingly, giving 10% of their estate to their church (or other …
Managing and preserving hard-earned wealth is a priority for many individuals. However, the specter of potential creditors looms ominously, ready to lay …
A parent can structure a gift of $1M to a child today such that neither the child nor the parent will pay …
Whether you know it or not, your “estate” is comprised of different assets with different attributes. Some of your assets will be …
A power of attorney authorizes a person (an “agent”) to act on behalf of the “principal” when the principal is no longer …
Washington state has published its estate tax threshold for 2024. Spoiler alert: it hasn’t changed from 2023. When learning about the estate …
As a senior citizen ages in her residence, she begins to understand a problem that has been brewing for years or decades. …
Commonly called “Probate,” the laws that dictate the handling of a person’s assets after their death usually depend on the state …
Are you confused about the Health Care Directive? Is it the same as a Power of Attorney for Health Care? And what …
In the world of asset protection, one well-known concept to mitigate risk is to transfer the obligation for payment of a valid …
Diversity comes in many forms and many related ways of accommodating different needs. When parents are planning for the needs of children …
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 …
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 …
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 …
