In the mid-70’s Arnold Schwarzenegger made a movie called Pumping Iron. It tracked several of the top bodybuilders of the day in their quest for the 1975 Mr. Olympia title. The movie is a cult classic for any bodybuilding aficionado such as myself, and was Arnold’s first significant step toward an acting career. At the… 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.
The Affect of Interest Rates on Estate Planning
Rising interest rates can make certain estate plans less effective. When rates rise, the “hurdle” rate increases. That interest rate, currently around 2%, has been quite low for some time. However, with all the predictions that interest rates will begin to rise again, so will the hurdle rate. What does this mean for your estate… Continue Reading
Obama Targets Estate Plan Strategies
President Obama hopes to change the tax laws to take away or limit many estate plan strategies that save taxes for families. Grantor Retained Annuity Trusts, annual exclusion gifts and generation-skipping trusts are but a few of the items on the hit list. Moreover, Obama wants to rollback the estate tax exemption to $3.5 million… Continue Reading
Shout Out!
Thank you Eileen for the Shout Out in the March 4 newsletter! http://www.bothellchamber.com/
Aging Affects Financial Decision Making
There is a strange phenomenon recently reported about how aging affects financial decision making process. Interestingly, as would be expected, as people age their financial literacy declines. However, older people’s self-confidence, and in particular their confidence in managing their finances, does not decline nearly as fast. So they may be making financial decisions without assistance… Continue Reading
