Contrary to many people’s belief, your assets will not necessarily pass to the state if you don’t have a Will. In all likelihood, Washington State’s laws of intestacy will apply to pass assets to your heirs. Only if you have no heirs to receive your estate would your assets go to the State of Washington. … Continue Reading
Author Archives: John
Estate Planning Seminar
Join John Hugg on Friday, September 6 at Peter Kirk Community Center in Kirkland starting at 12:45, for a seminar outlining advance directives including Powers of Attorney and Living Wills.
Brashenomics
Listen to John Hugg at 4 pm today on Brashenomics (KKNW 1150 AM) when he discusses the various aspects of selling a business.
Longevity Insurance
The Social Security Administration has indicated that one in four 65-year-olds will live past the age of 90 and one in ten will live past age 95. With men and women living much longer than in the past many face a significant concern they will outlive their money. Many financial planners argue that people will… Continue Reading
Medical Bills can Lead to Bankruptcy
A recent study shows that more than credit card or mortgage debt, large medical bills are the main reason people need to file bankruptcy. In fact 3 out of every 5 bankruptcies are driven by medical bills. These bills are not just for the uninsured either. Many people with high deductible insurance coverage wind up… Continue Reading