Washington is a Community Property State, but what does that mean? This article explains the difference between a “Community Property” state and the other forms of ownership rights each spouse ...
The SECURE Act overhauled the rules for beneficiaries of retirement accounts. One significant change it brought is the new 10-year payout rule. Here are ten things you need to know ...
Looking to reduce estate tax liability? Some of the most valuable strategies for achieving this involve “squeezing” and “freezing” assets — in other words, discounting assets in various ways and ...
On December 20, 2019 the Setting Every Community Up for Retirement Enhancement (SECURE) Act was signed into law. This new law includes some big changes for your retirement account. Here ...
Estate Planning is often misunderstood. People often think it’s only for the really rich, the really old, or both. But the truth is Estate Planning is appropriate for all of ...
Per POMS section on Special Needs Trusts – SI01120.203 – 42 USC 1396p(d)(4)(A) and (C) set forth exceptions to the general rule of counting trusts as income and assets for ...
A Taxpayer Must Not Receive “Boot” from an exchange in order for a Section 1031 exchange to be completely tax-free. Any boot received is taxable (to the extent of gain realized ...
Estate Planning is often misunderstood. Some people think it only involves preparing a simple Will. Some think it only involves preparing a Will or a trust. How hard could that ...
Valuable Estate Planning Strategies Selling your business may be the most important financial event in your life. Common questions include: What is my business really worth? How do I get ...
Sometimes it may be necessary to pursue a conservatorship or guardianship for a person who is not able to make or communicate decisions. Unlike a power of attorney, an individual ...
