The IRS has carved out a way for individuals over age 70.5 to make certain IRA distributions to charities that can be excluded from taxable income. We define this as a Qualified Charitable Distribution (QCD)….
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Washington Estate Tax: Everything You Need to Know
Key Takeaways: Washington’s $3M estate tax exemption and nation-leading tax rates make proactive planning essential for many residents. Without strategies like credit shelter trusts, gifting, and business planning, families may face significant state and federal…
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Estate Planning Documents
One of the most frequent conversations we as advisors have with clients is around the importance of getting estate documents in order. A common response is something along the lines of “Yes, I know I…
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What’s In A Will?
Serving as a foundational part of most estate plans, a last will and testament (a.k.a. will) is a legal document that declares, among other things, a person’s wishes as to how their property is to…
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Understanding Powers of Attorney
Arguably the second most important role to assign when drafting your estate documents after naming your personal representative (executor) is granting power of attorney (POA). Naming another person as agent (or attorney-in-fact) grants that person…
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