When someone dies, what happens to their income tax reporting and payment obligations? This is often a huge question mark for so many executors. As the old adage goes, the ...
Estate planning can be a sensitive topic for families to talk about. Getting past the hurdle and figuring out how to discuss estate planning with your family is an essential ...
Account Ownership. When a trust or estate is named as an IRA beneficiary, then the trust or estate is the beneficiary. The beneficiary is NOT the trust beneficiaries or the ...
Ever since the SECURE Act created a 10-year payout rule for most IRA beneficiaries, that topic has garnered the bulk of conversation. Despite the upheaval of the IRA beneficiary payout ...
Beginning January 1, 2024, all companies (LLCs and corporations, regardless of how small), must submit a report of its beneficial owners and related company information (a BOI report) to the ...
Washington estate tax rates rank the highest of any state in the nation. The tax rates range from 10 percent to 20 percent and are graduated based on the value ...
In June of 2014, our state adopted a new law allowing for transfer-on-death (“TOD”) deeds, known as the “Washington Uniform Real Property Transfer On Death Act” or “Act”. The Act ...
An intentionally defective grantor (IDGT) trust is an estate-planning tool used to freeze certain assets of an individual for estate tax purposes, but not for income tax purposes. The intentionally defective trust is created as ...
As we grow older, there is a chance that we might be put in a fiduciary role for our loved ones. Just like caregiving, this role comes from a place ...
Since October 16-22 is Estate Planning Week, I would like to take this opportunity for a refresher on everything you need to know about how estate planning works. In short, ...
