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By Matthew T. McClintock, J.D. Vice President, Education, WealthCounselThese strategies can help keep your assets safe if you wind up in court.  These days, lawsuits can happen to anyone, at anytime. In the United States alone, roughly 15 million civil […]

Introduction. Living trusts are sometimes promoted as a panacea for all estate, tax, and financial planning problems. But the living trust is only one of a number of options which may be used to achieve a person’s estate planning goals. […]

Many people think the purpose of estate planning is to make sure your assets and belongings will go to the people and organizations you want to have them after you die, with as little delay and costs (fees and taxes) […]

Outright Gifts. Every individual can give up to $14,000 annually to any one or more persons without any gift or estate tax consequences. This is called the “annual exclusion from gift taxation.” Accordingly, money can be funneled to children or grandchildren […]

1. What is a Qualified Personal Residence Trust?   A Qualified Personal Residence Trust (QPRT) is a trust that holds a personal residence for a term of years, allowing the creator of the trust (grantor) to remain in the residence. When […]

Estate planning is not only about having a plan in place to deal with what happens after a loved one’s death, it is also about having a plan in place to deal with what happens if a loved one becomes […]

f you have a sizeable estate, you may want to consider giving some of your assets now to the people or organizations who will receive them after you die. Why? First, it can be very satisfying to see the results […]

By Ryland F. Mahathey, Esq., CPA, LL.M. and Brad Milhauser, Esq., LL.M.Many business owners devote much time and energy “working in” their business to improve business operations and profitability; however, they often neglect to “work on” their business by not addressing certain asset protection issues. Business owners, particularly those owning their business in […]

What is a Limited Liability Company? Basically, a limited liability company (LLC) is a legal entity that became available under Washington law. An LLC is an unincorporated association that provides its members with the beneficial tax aspects of a partnership […]

Vice President, Educational Content, WealthCounsel Almost everyone has some kind of retirement account—whether a 401(k), IRA or pension—so proper estate planning for these funds is essential. From tax treatment to beneficiary designations, Matthew T. McClintock, J.D., VP of Education with […]