Asset Protection Considerations for Business Owners

January 5th, 2015|

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

What Is An LLC? Limited Liability Companies In General

November 12th, 2014|

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

Inherited Retirement Accounts: 5 Things You Need to Know

September 19th, 2014|

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,

Should I Put My Life Insurance Policies In My Living Trust?

January 21st, 2014|

BY Vickie Schumacher   Generally speaking, all titles and beneficiary designations should be changed to your living trust. But there are some exceptions, including IRAs and retirement plan benefits, and your attorney will be able

Living Trust Administration After Death of the Trustor

January 5th, 2014|

After the death of the Trustor of a living trust, or after the death of the surviving Trustor (if the revocable living trust is a joint trust), the following steps should be taken: Successor Trustee. Establish

What You Need to Know About the FLLC

October 21st, 2013|

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

Three Ways to Transfer Your Family Business

October 9th, 2013|

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