Image retrieved from iStock Photos Spousal beneficiaries of IRAs can take advantage of certain payout rules that aren’t available to non-spouse beneficiaries. For example, a surviving spouse who remains a ...
Today’s estate planning is about more than just planning for death. Today, estate planning is about helping people prepare for difficulties during life, helping them pass their assets in the ...
What if you have an IRA with your spouse as primary beneficiary, get divorced without changing your beneficiary and then die? Who inherits your IRA benefits. Under Washington law, which ...
Image retrieved from iStock.com A trust is a legal way of holding, managing, and distributing property. A trust may be either irrevocable or revocable. State law and the trust instrument ...
Continuing on our basics of estate planning, one question that comes up is “What is a trust and do I need one?” First, what is a trust? Black’s Law Dictionary ...
The estate planning process aims to simplify the transfer of assets and properties between generations while minimizing costs and streamlining wherever possible. By default, dying intestate (without a will or ...
Photo retrieved from iStockphotos.com You can use a charitable remainder trust to help support causes you love and leave money to heirs in a way that mimics the old “stretch” ...
Trusts may be considered substantially owned by the grantor or another person. These trusts are commonly called “grantor” trusts. A trust is considered a grantor trust due to the rules ...
Understanding the Washington Estate Tax Exemption The estate tax exemption for 2022 (meaning the amount you can pass free from your estate incurring any Washington Estate Tax liability) is $2,193,000. ...
Clients often give detailed thought to their plans and know down to the last Hummel to whom things should go. But, then they choose their fiduciary (trustee or executor) seemingly ...
