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The Importance of Having a Will

This article is a collaboration between Evan Monez, attorney at Montgomery Purdue Blankinship & Austin PLLC, and Geoff Curran, Wealth Advisor at Merriman. Though we try to stave off the inevitable as long as we can, it’s a fact of life that eventually, everyone dies. When this occurs, the deceased person’s family, while still grieving their loss, must deal with … Continue reading »

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IRS Announces Increase to Federal Transfer Tax Exemption and Gift Tax Annual Exclusion

The IRS recently published Rev. Proc. 2017-58 (LINK TO https://www.irs.gov/pub/irs-drop/rp-17-58.pdf), which announces the annual inflation adjustments for certain federal tax provisions for 2018.  Among many other adjustments, the lifetime federal estate, gift and generation-skipping transfer tax exemption was increased from $5.49 million to $5.6 million.  Accordingly, the estate of an individual dying in 2018 will only incur federal estate tax … Continue reading »

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Lessons from S-Town on Estate Planning Issues Affecting Vulnerable Adults

Pop culture sometimes provides us with valuable lessons about the importance of estate planning. For example, as Trusts & Estates magazine pointed out, at the heart of the first season of the hit show Empire was a story of the trials and tribulations of business succession planning, as the head of a record company and family patriarch is diagnosed with a terminal … Continue reading »

Recent Developments in Washington Power of Attorney Law

An essential component of a complete estate plan Durable powers of attorney are an essential component of a complete estate plan. These documents allow you to dictate the person who has the authority (the “agent”) to make important financial and health care decisions for you (the “principal”) if you become incapacitated and cannot make such decisions for yourself.  Durable powers … Continue reading »