Everyone is interested in minimizing their taxes. This is especially true with Estate Planning, where inheritance can create a taxable event for your heirs. For tax purposes, Washington employs a Step-up-in-Basis Rule. This rule is important for minimizing the amount of capital gain taxes to your heirs. Here are the basics of the Rule. ‘Basis,’…

The topic of the Presidential Debate on Wednesday was the domestic economy. The umbrella was supposed to contain such issues as taxes, Medicaid/Medicare, healthcare costs, financial regulation, and jobs. And we heard a considerable amount from each candidate on these topics. Among this hemming and hawing however, one conversation was noticeably missing, at least for…

The day of the friendly “handshake” is over, but the world nowadays seems controlled by documents; leases, licenses, contracts, waivers, disclaimers, assumptions, warnings, and wills.