The following is a recent Chicago Tribune article discussing the various tax implications of moving to a Continuing Care Retirement Community. As with all tax matters the issues are somewhat tricky so instead of attempting to summarize the information, we have set forth the article in full. Continuing Care Retirement Communities (CCRCs) are increasingly popular… Continue Reading
Bothell attorney bothell wa lawyer estate planning lawyer bankruptcy lawyer bothell wills and trusts attorney
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 Benefits of House Sharing as a Senior
A recent study examined a new trend; among seniors who rent out a portion of their home. House sharing is an economical option for seniors who lack sufficient retirement funds, or for those wanting to stay in their homes as long as possible. The study notes that more than half of all working age households… Continue Reading
Office Closed Temporarily
Due to a residential gas leak next door, Hugg & Associates is temporarily closed. We hope to be back in our offices this afternoon and we apologize for any inconvenience. Once we return to our office we will return phone calls to all who leave us a message. Thank you for your patience.
PLANNING AHEAD: ELECTRONIC RESOURCES
As discussed in previous posts, sorting through a parent or grandparent’s affairs and finances can be daunting, but planning ahead and making use of some tools and strategies to help organize and collect vital information can prevent a lot of stress later on. Electronic storage of important documentation and record keeping can be very helpful.… Continue Reading
