I often counsel clients on the importance of making sure that the documents they spend money to create are of little use if nobody can find them. The same is true with your digital information. If the person whom you designate as your attorney-in-fact (which is the name for someone exercising powers under a power of attorney) is unable to access your online accounts, the power of attorney might not be very helpful.
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The IRS has released a draft of the new estate tax form.
Comments closedFrom the Washington Post via the Seattle Times comes a great article on the very basics of long-term investing.
Leave a CommentEstate planning issues do not just affect the wealthy. Caring for kids and the control of money for this kids is important to consider in an estate plan.
Comments closedThere are a number of criteria that would require a registration (including if you are working in Washington as an independent contractor). Make sure to know the rules and register your business!
Leave a CommentI am pleased to announce that I will be speaking at the Washington Association of Accountants on September 25th in Tacoma at the Non-Profit Accounting…
Comments closedIt looks like there is a downside to being wealthy: tax audits. The more you make, the more likely it is that you are going…
Comments closedI am glad to finally hear rumors that the federal estate tax will be dealt with this year by Congress. Back in 2001, Congress passed…
Comments closedPlanning for the possibility of incapacity and the certainty of passing away is an uncomfortable topic for most people. However, failure to plan for these events can sometimes lead to unintended financial outcomes, family tension and many other negative and sometimes heartbreaking consequences. While the strategies may vary, estate planning is important for everyone no matter the size or complexity of the estate.
Comments closedYou cannot just look to the law for limitations on powers of attorney. A power of attorney only works if the third party to whom it is presented is willing to accept it.
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