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Estate planning for Singles without Kids

Triggers for starting the estate planning process can come at marriage, divorce, birth of a child and other significant life events.  But what if you are over 18 years old and single (not married and not a registered partner)?  One way to approach the decision of...

Selling a Home Privately Can Help Preserve Assets

Real estate agents typically charge 6% of the sale value of the home. In King County, Washington the average price of a home is roughly $627,000.  That is a commission of $37,620 for the realtor and it is separate from the other estate taxes and fees which might be...

Unlimited Marital Tax Deductions and Foreign-Born Spouses

According to the 2013 U.S. Census Bureau Report, “11.4 million married couple households, or 21 percent of all married-couple households in America in 2011, had at least one spouse born in another country.  About 13 percent (7.3 million) of households had two foreign...

Opening Your First Estate Account

After you get your Letters of Administration as the Administrator or Executor of the Estate, you will need to set up a separate checking account for the estate with a banker.  When ordering checks, consider that the expenses will not be ongoing.  You’ll need enough...