Advanced Estate Plannning

When To Gift: Understanding the Subtleties of Strategic Timing in Estate Planning

When To Gift: Understanding the Subtleties of Strategic Timing in Estate PlanningEstate planning is a complex process, and it becomes even more intricate when considering the Washington State Estate Tax. While the federal estate tax is often the focus of estate planning discussions, for many Washington residents, the state estate tax is a more immediate concern. The Washington State Estate Tax...

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Life Insurance: The Silent Guardian of Your Estate

Life Insurance: The Silent Guardian of Your Estate Life insurance and estate planning are two seemingly disparate financial planning elements. However, when these two worlds intersect, they create a harmonious synergy that benefits the insured and their beneficiaries. This intersection can provide financial security for a decedent's loved ones and can be an essential tool in preserving family...

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Estate Planning: The Symphony of Wealth Management

Estate Planning: The Symphony of Wealth ManagementEstate planning for the affluent is akin to conducting a complex symphony, requiring harmonious integration of various instruments - or in this case, assets. It begins with a comprehensive evaluation of all assets and liabilities and a keen understanding of potential estate tax implications.  Strategic Gifting: The Perfect Crescendo  Strategic...

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Estate Planning Simplified: Managing Your Assets Wisely

Estate Planning Simplified: Managing Your Assets WiselyThe Will and Asset Dilemma: Where to Begin?  Estate planning can seem like an intimidating maze. But fear not, it's merely a process of ensuring the smooth transition of your assets. A central question is, which assets do you incorporate into your will? Do bank accounts, retirement savings like 401(k)s and IRAs, education savings plans like...

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Decoding Estate Planning for Millennials: A Guide for Financial Security and Legacy Creation

Decoding Estate Planning for Millennials: A Guide for Financial Security and Legacy CreationAs millennials, we're often caught in the whirlwind of life's milestone moments - getting married, welcoming a new baby, or even diving into the world of investments. But in this flurry of activity, one vital aspect often gets lost: estate planning. This crucial roadmap not only ensures our financial...

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Decoding the IDGT Debate: IRS Revenue Ruling 2023-2 and Its Impact on Estate Planning

Discover the implications of IRS Revenue Ruling 2023-2 on Intentionally Defective Grantor Trusts (IDGTs). The ruling clarifies that gifted assets to an IDGT are taxable to the grantor for income tax but do not receive a step-up in basis upon the grantor’s death. Learn how this affects estate planning strategies and asset protection for beneficiaries.

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Five Things to Know Before Including a Limited Liability Company in Your Estate Plan

Jensen Law Office, PLLC   1833 N 105th St., Suite 301 Seattle, WA 98133Five Things to Know Before Including a Limited Liability Company in Your Estate Plan When it comes to protecting your hard-earned money and property, it is important that you have the right plan, which can include a number of tools for your unique situation. One tool that might benefit you is a limited liability company...

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A Legacy Preserved: A Multigenerational Success Story with the Legacy Planning Model

Jensen Law Office, PLLC   1833 N 105th St., Suite 301 Seattle, WA 98133 A Legacy Preserved: A Multigenerational Success Story with the Legacy Planning Model Discover How Our Comprehensive, Customized Approach Helped the Anderson Family Safeguard Their Wealth and Pass on a Lasting Legacy As a way of introducing our Legacy Planning Model, I would like to introduce you to the hypothetical...

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Retirement Planning Update

Jensen Law Office, PLLC   1833 N 105th St., Suite 301 Seattle, WA 98133 Retirement Planning Update  Although we are still in the midst of winter, spring is on its way. It is important to remember upcoming April deadlines for retirement contributions and required minimum distributions (RMDs), but there have also been some recent developments that may impact your retirement planning. IRS...

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(206) 547-1412

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Seattle Office & Mailing Address:

1833 N 105th St, Suite 301

Seattle, WA 98133

 

Redmond Office:

Thinkspace Redmond

8201 164th Ave NE, 2nd Floor

Redmond, WA 98052