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Estate Planning:

Exploring the Tax Trails of Irrevocable and Grantor Trusts

Exploring the Tax Trails of Irrevocable and Grantor TrustsThe world of estate planning is a complex web of laws, strategies, and tools that strive to preserve wealth and achieve a seamless transition of assets. Among these tools, irrevocable trusts, grantor trusts, and irrevocable grantor trusts...

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Estate Administration:

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Recent Articles From Our Office:

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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The Interplay of Directive to Physicians, Healthcare Power of Attorney, and POLST Forms in Washington State: A Story of Collaboration

The Interplay of Directive to Physicians, Healthcare Power of Attorney, and POLST Forms in Washington State: A Story of CollaborationIn the realm of healthcare, making decisions about future treatment options can be a complex process. It requires a deep understanding of one's values, aspirations,...

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Peace of Mind for Parents: The Importance of College Student Estate Planning 

Amidst the preparations of sending your child to college, estate planning might not be top of mind. However, even young adults can benefit from basic estate planning, including documents like Durable Power of Attorney, Living Will, and HIPAA Authorization. Ensuring their wishes are respected and interests protected, this process fosters independence and prepares them for the responsibilities of adulthood.

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Estate Planning 102: Expanding Your Knowledge on Estate Preservation

Discover the essentials of estate planning in Washington state. This informative FAQ simplifies trusts, amendments, restatements, and more. Learn about common trusts, caring for children’s future, and handling retirement accounts as beneficiaries. Get insights into trust duration and the distinctions between guardianship and conservatorship. Ensure your assets are safeguarded for the future.

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