Over 8 million U.S. citizens and green-card holders live abroad, which means millions of Americans have foreign accounts. However, many Americans fail to comply with IRS reporting requirements. The regulations for filing and disclosing international accounts are complex and yield severe penalties for failure to report and pay tax. In 2009, the US began strictly… Continue Reading
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Hugg & Associates PLLC is a boutique law firm providing client-centered services to individuals and businesses. Our practice focuses on all aspects of elder law, estate planning, asset protection, business succession planning, probate and trust administration. If you are a business owner, in addition to the above services, we are experienced business, real estate, and contract law attorneys.
Of IRA’s and Taxes
(from “Death and Taxes, The Sequel”) Most people do not need to worry about federal estate taxes. However, retirees should be concerned with taxes imposed on their retirement accounts. Stretch IRAs, which allow beneficiaries to gradually draw funds out of retirement accounts, may become a thing of the past. Instead, beneficiaries may eventually be required… Continue Reading
Lively, Festive and Enjoyable Senior Day 2015
As you can see, Senior Day is a family affair at Hugg & Associates. We always enjoy meeting lots of interesting people and sharing many wonderful stories, while giving away a healthy snack. Our family looks forward to making Senior Day special again next year.
Senior Day
Come join us today at Bothell Country Village from 11 – 4 pm for a day to celebrate seniors!
Married With(out) Children: Planning Ahead
It is important to have an estate plan that reflects one’s wishes in case of death or illness, especially for married couples with or without children. Many married couples without children need to decide who they want to leave assets to and who they trust to make their medical and financial decisions in case they… Continue Reading
