Moving your assets to an offshore account in this day and age may not be as effective a strategy a you might think. A number of courts have issued “repatriation orders” to debtors who moved their assets offshore. If a debtor fails to comply with the order, the court can issue a bench warrant for… Continue Reading
Author Archives: John
New Roles
Beginning in January 2014, John will join the board of directors for both the Bothell Chamber of Commerce and the Northshore Senior Center.
POLST Forms
I get a fair number of questions about POLST forms. So here’s a brief synopsis. POLST stands for Physicians Order for Life Sustaining Treatment. The POLST form is not a substitute for an advanced directive but is intended to “summarize” a person’s wishes regarding life sustaining treatment. The form is not created by an attorney. … Continue Reading
Planning for Long Term Care Can Pay Big Dividends
Planning for long term care can pay big dividends if you plan ahead. We’ve all heard the numbers, approximately 10,000 baby boomers reach retirement age each day. For individuals over age 65 there is a better than 70% chance they will need some type of long term care services during their lifetime. With the cost… Continue Reading
Asset Protection 101: Buy Insurance
Everyone should buy insurance. Asset protection planning is not a substitute for insurance. Liability and professional insurance should be your first line of defense against a lawsuit. Trusts, entities and other asset protection vehicles are merely a supplement to insurance. If you are a professional you should carry the appropriate malpractice insurance and have high… Continue Reading