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As our loved one’s age, they become more vulnerable to financial abuse and potential fraud. One of the best ways to ensure their protection is to document their wishes in advance and have a plan in place that is known by both their family and their trusted advisors. We hope you find the checklist helpful … Continued
We hope you find the checklist helpful as you plan and care for your loved ones. Protecting Our Loved Ones Checklist Documentation: Date of Birth Current address Medical Insurance information (provider, policy number, plan type) Medical (“Advance”) Directive Current will or trust documents Power of Attorney Location of all financial information Contact List (Names and … Continued
The following is a summary of an important tax development that has occurred in the past three months that may affect you, your family, your investments, and your livelihood. Please call us for more information about any of these developments and what steps you should implement to take advantage of favorable developments and to minimize … Continued
The following is a summary of an important tax development that has occurred in the past three months that may affect you, your family, your investments, and your livelihood. Please call us for more information about any of these developments and what steps you should implement to take advantage of favorable developments and to minimize … Continued
The following is a summary of an important tax development that has occurred in the past three months that may affect you, your family, your investments, and your livelihood. Please call us for more information about any of these developments and what steps you should implement to take advantage of favorable developments and to minimize … Continued
The following is a summary of an important tax development that has occurred in the past three months that may affect you, your family, your investments, and your livelihood. Please call us for more information about any of these developments and what steps you should implement to take advantage of favorable developments and to minimize … Continued
The following is a summary of an important tax development that has occurred in the past three months that may affect you, your family, your investments, and your livelihood. Please call us for more information about any of these developments and what steps you should implement to take advantage of favorable developments and to minimize … Continued
Tax Cuts and Job Act (TCJA): Impact on IC-DISC Effectiveness Let’s explore the use and effectiveness of the Interest-Charge Domestic International Sales Corporation (IC-DISC) in the new tax environment. For those new to an IC-DISC, the IC-DISC converts what would normally be ordinary business income into qualified dividends, thus generating a tax savings due to … Continued
Planning for Washington State’s Death Tax (Updated January 28, 2020 by Carrie Jo Umba) The Tax Cuts and Jobs Act of 2017 provides a window of opportunity before 2026 to make use of your personal gift / estate exemption of $11,580,000 (2020-adjusted annually for inflation). This exemption can be used to reduce gift / generation … Continued
In April, my mom was diagnosed with Stage 4 cancer and told she might not be alive to celebrate the Christmas Holidays. My sister took over the medical advocacy role and I became the financial point person. It gave us a place to focus our attention in this time of grief. I want to share … Continued