Financial and Estate Planning for Young Professional Parents: 7 Key Considerations

You’re old enough. You’re wealthy enough. People depend on you. There’s no excuse for procrastinating! By Kaity Perez, JD, LLM and James Nevers, CFP A recent Caring.com survey found that nearly four in five millennials (78%) and 64 percent of…

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Dangers of Signing an Advance Directive from a Health Care Provider

Some health care providers, including Swedish Hospital, are presenting patients with Advance Directives, also known as Health Care Directives or Living Wills, for their consideration and signature.  A Health Care Directive (referred to herein as a “Directive”) is a document…

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529 Plan Update – Using Funds to Pay for K-12 Tuition

529 plans are tax-advantaged savings plans that have traditionally been used by families to pay for their children’s college expenses. Contributions grow tax-deferred and may be withdrawn tax-free for qualifying expenses. These plans have always been a powerful planning tool…

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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…

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