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Whether or not a trust is required to pay taxes completely depends on the type of trust it is. In Washington State, and generally around the United States a Living Revocable Trust is NOT specifically taxed as an entity - and this is the primary type of Trust that is used for estate planning purposes. So without further ado, let me talk a bit about … [Read more...]
Can I Fund My Trust Using My Life Insurance?
No one wants to think about their death. But raise your hand if you are immortal? Correct, unless you are a character in an Anne Rice novel or some other fantasy story you are a regular human being with a set amount of days to walk in this physical realm. In other words, you are going to die. It is the only thing we can depend on in this life - … [Read more...]