Call for an Appointment
Free initial consultation
(425) 967-7287
  • Exceptional estate planning solutions for individuals, families, professionals and
    small business owners

Latest Blog Posts

National Estate Planning Awareness Week

Posted on: October 29th, 2015
In 2008 the National Association of Estate Planners & Councils (NAEPC), in conjunction with Rep. Mike Thompson (D-CA) and 49 of his colleagues, helped pass a law which declared the third week in October “National Estate Planning Awareness Week.” ...

2016 Estate and Gift Tax Predictions

Posted on: October 29th, 2015
Under current law the federal estate tax, gift tax, and generation-skipping transfer tax exemptions have become unified and are indexed for inflation on an annual basis. Since 2011, the exemption and tax rate have changed as follows:...

The Family Limited Partnership

Posted on: April 10th, 2015
A family limited partnership will let you remove your business, and any future appreciation on it, from your estate now, and still keep some control. It is especially useful when the business might otherwise have to be liquidated to pay estate taxes. Stocks, real estate or insurance can also be used instead of a business....

Business Owners: Have You Planned Your Exit?

Posted on: April 10th, 2015
You've worked hard building your business, but have you thought about what will happen when you are no longer there running the show? According to one study (Small Business Review, Summer 2001), only 30% of all family-owned businesses survive to the next generation; only 12% make it to the third generation; and a meager 3% are functioning into the 4th generation and beyond....

Three Ways to Transfer Your Family Business

Posted on: April 10th, 2015
For family business owners, estate planning is crucial to the success of the business. If you have not already drafted an estate plan that includes the succession of your business, begin today. Not only will early planning allow you to slowly implement the plan, thereby increasing its chances of success, but early planning will also ensure that your family’s main source of income is protected....

What You Need to Know About the FLLC

Posted on: April 10th, 2015
One popular yet confusing estate planning tool is the Family Limited Liability Company (“FLLC”). FLLCs are frequently created as part of an estate planning strategy used to facilitate gift giving to a person’s children and grandchildren. FLLCs are also used to shield assets from creditors....
Posts: 1 2 3 4 5 6 7 All

Leonard A. Hagen, J.D., LL.M.
Sound Estate Planning, PLLC
152 3rd Ave. South, Ste. 107
Edmonds, WA 98020
Phone: (425) 967-7287
len@soundestateplanning.com

Search website   
Copyright © 2015 Sound Estate Planning, PLLC. All rights reserved.