Private family foundations are not reserved for billionaires, although we most often hear about them in connection with famous people. You and various members of your family may be considering establishing this kind of foundation in order to further certain goals that...
Some people may associate property management companies with only large condominiums or apartment buildings. However, rental property owners with just a few rental or vacation units may benefit from working with a property management company. Establishing a...
If you are considering renting out your home as a short-term rental property, it is a good idea to give your neighbors warning of what will happen. While you do not need their permission, it is a courtesy to advise them of the situation. This gives you both an...
A Limited Liability Company (LLC) is an easily created corporate structure with many uses. It might be right for an individual looking to pass on a vacation property to their family. When an inherited piece of property is especially desirable, using an LLC to allow...
You worked hard to be able to leave a legacy behind for those you hold dear, but, depending on how large your estate is, your loved ones may stand to lose a sizable portion of it to estate taxes. In some cases, you may be able to reduce or even eliminate your estate...
Do you have a conflict with neighbors about exactly where your property begins and theirs ends? Boundaries do not always follow existing fence lines or current usage, which can lead to misunderstandings and cause problems between homeowners. Take these steps if a...
Having a friend or relative with a disability may complicate your estate planning process. After all, if you give cash or other assets to your loved one, you may inadvertently make him or her ineligible for Supplemental Security Income, Medicaid and other means-tested...
If you own a business and want to plan for your retirement, you can think about liquidating your company or selling it. If you have hard-working, loyal employees, you may want to give one of them the right of first refusal. But is this the best business decision for...
Business owners considering the sale of their enterprise in Washington State generally need to resolve any outstanding tax issues. For example, if your business has past-due tax liabilities, a potential buyer may not want to take on those debts. The Internal Revenue...
If you have a child with special needs, you may worry about his or her care after your death. While you may use your estate plan to leave assets to your son or daughter, doing so may render him or her ineligible for vital needs-based government benefits. To ensure...
