A trust is a legal arrangement where one party, the trustee, holds and manages assets on behalf of another party, the beneficiaries. The way a trust is taxed depends on ...
When you picture a child who has a trust fund, you probably envision someone who is wealthy, spoiled, and entitled. If that’s the image in your head, you may not ...
A Trust Protector is someone with special power over a trust. The Trust Protector is not the Trustee, although in some documents they could be called a Special Co-Trustee or ...
On March 24, the Washington Supreme Court ruled 7-2 to UPHOLD Washington’s 7% tax on the sale of assets that generate capital gains in excess of $250,000 in a calendar ...
Before you add to your estate planning documents the names of the people you want to carry out your wishes, consider these tips. Death and incapacity are hard topics to ...
Before you die, there are some things you really should do. You should enjoy life, spend time with your loved ones, take a great trip, learn something, and give thanks ...
Some inherited assets are tax-friendly, but under new rules, others come with a hefty tax bill. We help you get the most out of a legacy.Unless you spend your winters ...
Unfortunately, death doesn’t relieve one’s obligation to file a final federal income tax return. Benjamin Franklin coined the famous saying that “in this world, nothing is certain but death and ...
Heirs receiving an inheritance can expect the process to take time. Having a plan for the money and consulting with professionals are also things to keep in mind. Getting an ...
At some point in your life, there’s a good chance you’ll be tasked with acting as the executor of an estate. The designation is both an honor and an obligation. ...
