Are you concerned that your spouse will be faced with a large estate tax bill upon your death? If so, you are in the same position as many others. It is your goal to leave your estate to your spouse tax-free. While this may not be entirely possible for everybody, it is a goal you […]
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What are the Advantages and Disadvantages of a Guardianship?
When it comes to guardianship, such as in the case of an adult with a mental disability, there are many details you need to be aware of. Having guardianship over an adult has both pros and cons, all of which need to be considered when dealing with this very important decision. Advantages of Guardianship The […]
Probate in Seattle Washington: Can It Be Avoided?
Before you can determine if probate in Seattle Washington can be avoided, you have to understand what this process entails. Generally speaking, probate is the process of settling a deceased person’s affairs (both financially and personally). While there is a lot of good that can come from this process, such as ensuring that your loved […]
What is the Annual Gift Tax Exclusion?
There are many common questions concerning the gift tax imposed by the IRS. Furthermore, many people wonder about the annual gift tax exclusion and whether or not they can use this to their advantage. To better understand the finer details of the gift tax, let’s take a closer look at some of the most common […]
What is a Living Will?
While you are not required to have a living will, this is something you may want to consider drafting as soon as possible. In short, this is a legal document that allows you to express to doctors how you wish to be treated should you become incapacitated. With this, you are able to tell medical […]
