Asset Protection

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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Smooth Transitions: Asset Transfers and Joint Tenancy at Death

Smooth Transitions: Asset Transfers and Joint Tenancy at DeathConsider life as a grand musical composition. Just as a composer carefully crafts each note, individuals painstakingly build their assets over time. When the final note resounds, what happens to the assets? In this article, we aim to decode the complex composition of asset transfers at death, including joint tenancy.  The Overture:...

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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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Securing Wealth in the Evergreen State: The Power of Funding a Trust

Securing Wealth in the Evergreen State: The Power of Funding a TrustA trust is a vital component of financial planning, offering effective solutions for wealth management, inheritance planning, and tax minimization. Despite the significant advantages, a trust remains an underutilized estate planning tool, largely due to the lack of understanding of its role and benefits. This article aims to...

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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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Unique Gift Ideas that Benefit You Too

Jensen Law Office, PLLC   1833 N 105th St., Suite 301 Seattle, WA 98133 Unique Gift Ideas that Benefit You Too  You may associate the month of December with giving holiday gifts, but it is also a great time for you to think about the valuable estate planning opportunity presented by year-end gift giving. In making lifetime gifts, you can experience the pleasure of providing immediate...

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Types of Life Insurance and How They Can Be Used in Estate Planning

Jensen Law Office, PLLC   1833 N 105th St., Suite 301 Seattle, WA 98133Types of Life Insurance and How They Can Be Used in Estate Planning  Many of us do not start thinking about life insurance until we get our first full-time job and the company’s human resources representative asks us if we want to enroll in the employer’s group life insurance policy. Most people think “Why not?” and sign...

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Phone

(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