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Securing Your Child’s Future: The Conservatorship Avoidance Trust
Jensen Law Office, PLLC 1833 N 105th St., Suite 301 Seattle, WA 98133 Securing Your Child's Future: The Conservatorship Avoidance Trust Planning for the future security of your children is one of the most important tasks you can undertake as a parent. The thought of leaving your child's...
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Unlocking the Future: A Guide to Effective Beneficiary Selection and Updates in Estate Planning
Unlocking the Future: A Guide to Effective Beneficiary Selection and Updates in Estate Planning Financial management encompasses various aspects, one of which is estate planning. This crucial process ensures that your assets are allocated according to your wishes posthumously. A key component of...
Clients Who Have Outgrown their Estate Plan
Clients Who Have Outgrown Their Estate PlanAs estate planning attorneys, we work hard to set up estate plans that fit a client’s needs and ensure that everything works together for the client and their loved ones. Estate plans remain effective as long as they accurately reflect a client’s...
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.
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,...
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.
Caring for Our Furry Friends: How Estate Planning Secures Their Future
Caring for Our Furry Friends: How Estate Planning Secures Their FutureWe all love our pets. They're more than just animals; they're members of our family, giving us joy, comfort, and unconditional love. We take great pains to ensure they're fed, groomed, and given the best medical care, but have...
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