With the new estate tax exemption limits at $5.25 million, planning for income taxes has become as important as estate planning for higher income earners. In the past, an advisor may recommend parents give money to a younger generation. While this is still a good and valuable strategy, a new strategy has emerged. Parents more… Continue Reading
Author Archives: John
Happy Halloween!
May everyone have a wonderful and safe Halloween!
New Video!
Check out John’s latest interview on Brashenomcis where he gives an overview of bankruptcy. Bankruptcy Video
Planning for Digital Assets
A growing trend in estate planning is to determine what to do with someone’s digital assets. In the past this was never a problem as no one actually had digital assets. Today we have all kinds of digital assets including Facebook accounts, Twitter accounts, blogs, websites and domain names, online games, iTunes and Kindle accounts. … Continue Reading
Gifting LLC interests: Be safe rather than sorry?
A number of cases address when a gift of an LLC interest is really a gift of an underlying asset owned by the LLC. Two of these cases were decided right here in Federal District Court in Washington: Heckerman v. U.S., U.S. Dist. Ct., W.D. Washington, Cause No. C08-0211-JCC (July 27, 2009) and Linton v.… Continue Reading