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 At Price & Farrington,
PLLC we believe in educating ourselves and the clients
and advisors we strive to help. We foster long-term
relationships with trusted advisors and work hard to
support and strengthen their relationships with their
clients.
Price
& Farrington’s “Estate and Tax Planning FastFacts”
are short, timely and informative articles we’ve written
every month since 1999 to educate and motivate advisors,
clients and prospective clients to take action to
benefit themselves and their families.
Please
contact us if you have questions about any topic we’ve
covered.
Summer, 2010:
Do-It-Yourself (DIY) Estate Planning: The Perils of
Foolish Frugality
March,
2010: WASHINGTON ESTATE TAX UPDATE: Look What's In
the Hopper in Olympia
February, 2010: NEW WORLD OF
ESTATE PLANNING: The Digital Safety
Deposit Box
December, 2009: ESTATE PLANNING
PITFALLS: Powers of Attorney; Joint
Tenancy; IRA Errors
September, 2009: HOW
TRUSTS ARE TAXED: A Brief,
Untaxing Overview
August, 2009: TAX-QUALIFIED
PLANS: Maximizing Your Planning Opportunities
June, 2009: CONGRESS AND ESTATE TAX
LEGISLATION: Gazing Into the Crystal Ball
April/May
2009: WHAT YOUR CLIENTS WANT TO TALK ABOUT NOW:
Asset Protection
March, 2009: THE
INHERITOR'S TRUST: A
21ST CENTURY ESTATE PLANNING TOOL
February, 2009: A
PERFECT TIME FOR SOME ESTATE PLANNING TECHNIQUES
+ REMEMBERING ABE
December 2008: RE-EVALUATING YOUR ESTATE PLANNING IN
DIFFICULT TIMES
October 2008: ON DEATH AND TAXES AND THE
PRESIDENTIAL ELECTION: What the Future Holds
September 2008: CHOOSING A TRUSTEE FOR YOUR LIVING
TRUST
June/July
2008: THERE'S NOTHING DEFECTIVE ABOUT A DEFECTIVE
GRANTOR TRUST: Tax Burning
May 2008: INSTRUCTIONS TO OUR SUCCESSOR TRUSTEE,
PART 2 + Things to Do at a Time of Loss
April 2008: ON THE DEATH OF A LOVED ONE:
Instructions to Our Successor Trustees - Part 1
March
2008: FLASH! New Washington Domestic Partnership Act
Just Signed Into Law
February
2008: DIFFICULT DISCUSSIONS AND THE THREE Ps: Is
Your Estate Planning in Place?
January
2008: SUPPLEMENTAL (SPECIAL) NEEDS TRUSTS: Frequently
Asked Questions
December 2007: YEAR-END
CHECKLIST:
Does Your Estate Plan Address These
Issues?
October/November 2007: ESTATE AND TAX PLANNING FOR
YOUR HOUSE: Being Smart About One of Your Biggest
Assets
September
2007: WACKY WILL PROVISIONS -- Pooches, Poems,
Parking Tickets, Phone Books + Frisbees
August 2007: INHERITED IRAs: The Best Ways To Trim
the Tax on Distributions
June/July 2007: HOW TO RE-TITLE
YOUR INHERITED IRA + IRA WITHDRAWALS: Ways to
Slice the Pie
May 2007: WASHINGTON'S NEW DOMESTIC PARTNERSHIP LAW:
Estate Planning Opportunities
April
2007: IRA MINIMUM DISTRIBUTION RULES: A Quick Review
+ Estate Tax Update
March 2007: HOW TO BE A TRUSTEE, PART 3: The Role
of the Professional Fiduciary
February
2007: HOW TO BE A TRUSTEE, PART 2: A Primer for the
First-Time Fiduciary
January
2007: HOW TO BE A TRUSTEE, PART 1: A Primer for the
First-Time Fiduciary
December 2006: ESTATE
PLANNING RUMINATIONS AND REMINDERS: A Year-End
Miscellany
November
2006: ELECTION 2006 AND THE STATE OF ESTATE TAXES: A
Perennial Political Football
October 2006: ASSET PROTECTION: Why Your Assets
Might Not Be Safe From Future Creditors
September
2006: FLASH! NEW IRA PLANNING OPTIONS: The Pension
Protection Act of 2006
August 2006: ESTATE PLANNING FOR THE PURRFECT PET::
A Tail of a Special Claws in Your Will
July 2006 - RETIREMENT PLANNING AND NET UNREALIZED
APPRECIATION (NUA): 5 Big Mistakes
June 2006 - "TO MY FAMILY": THE
ETHICAL WILL, PART II - Putting Your Values on Paper
May 2006 - THE ETHICAL WILL: Putting Your Values on
Paper
April
2006 - THE IRA INHERITANCE TRUST: A New Strategy to
Protect Your Family
March
2006 - REVOCABLE LIVING TRUSTS: Frequently Asked
Questions & Some Comments
February
2006 - BEST STRATEGIES FOR JOINT OWNERSHIP: Real
Estate, Bank Accounts, Cars etc.
January
2006 - NEW YEAR'S CONSIDERATIONS: Changes, Errors
and Procrastination
December
2005 - YEAR-END PLANNING: Charities, Gifts, Taxes
and Trusts
November
2005 - WHEN DUTY CALLS: What Happens When You Agree
to Handle Your Parents’ Estate?
October 2005 - JOINT OWNERSHIP
AGREEMENTS BETWEEN UNMARRIED COUPLES: “Is
That All There is?”
September
2005 - DISCLAIMERS: The Estate Planning Version of
"Just Say No!"
August
2005 - Estate Planning Is Not An Elastic Sock: One
Size Doesn't Fit Everyone
July
2005 - SUMMERTIME SMORGASBORD: Battle of the
Beneficiaries + "Well-Spun Myth" + BookNotes
June 2005 - PLANNING ALERT:
Washington State’s New Estate Tax: How It Works
May
2005 - LIVING WILLS AND HEALTH CARE POWERS:
Reflections and Suggestions
April 2005 - PERMANENT ESTATE TAX
REPEAL: The Continuing Saga...
-
March 2005 - THE "DIRTY DOZEN": The IRS' Annual
List of Tax Scams
February 2005 - WASHINGTON SUPREME COURT
INVALIDATES ESTATE TAX: The Whys and Wherefores
January 2005 - NEW YEAR'S RESOLUTION: I Will See
An Estate Planning Attorney, Finally
December 2004 - YEAR-END
CHARITABLE GIVING: A Brief Refresher
November 2004 - ESTATE PLANNING
STORIES: Making Sure You Don’t Star in Your Own
Horror Show
October 2004 - SAVING FOR COLLEGE
101: Where Estate and Financial Planning Meet
September 2004 - ESTATE AND TAX
PLANNING STRATEGIES FOR CHARITABLE GIVING: Doing
Well by Doing Good
July/August 2004 - SUMMERTIME SMORGASBORD - A
Few Estate Planning Tips To Nibble On
June 2004 - FAMILY LIMITED
PARTNERSHIPS - Recent Court Ruling is a Major
Taxpayer Victory
May 2004 - THE OVERLOOKED TRILLION-DOLLAR PLUS
INCOME TAX DEDUCTION - Planning for IRD
April 2004 - COMMON ESTATE
PLANNING MYTHS AND MISCONCEPTIONS: A Vigorous
Debunking
March 2004 - YOUR BASIC WILL- Even
a simple last will is not so simple anymore.
February 2004 - PLANNING TO USE YOUR WILLPOWER-
How to Avoid Will Contests
January 2004 -
412(i): A Little-Known Retirement Plan Offers Big
Savings
December
2003 - MAJORING IN MINORS: Business Owners’ Kids Can
Help and Provide Tax Breaks
November
2003 THE RIGHT AND WRONG WAY TO LEAVE YOUR IRA AND
401(k) TO YOUR HEIRS
Fall
2003 LIFE AND ESTATE PLANNING: THE TOP TEN MISTAKES
August
2003 COMMUNITY PROPERTY 101: A refresher for
Advisors and Clients
July
2003 THE WOOLWORTH MISFORTUNE: How Not to Provide
for Heirs
June
2003 ASSET PROTECTION AND MEDICAID PLANNING IN
WASHINGTON: New Math 101
May
2003 TOP TAX SCAMS PART II: Abusive Trusts
April
2003 CHILDREN IN A ROWBOAT AND OTHER POTENTIAL
ESTATE PLANNING MISTAKES – PART II
March
2003 TOP TAX SCAMS: The Dirty Dozen
February
2003 “TRUST-IN-A-BOX”: The Perils of Foolish
Frugality
January
2003 CHILDREN IN A ROWBOAT AND OTHER POTENTIAL
ESTATE PLANNING MISTAKES
December 2002
GOTCHA! Estate Taxes are Alive and Well in
Washington State
October
2002 FOURTH QUARTER PLANNING IN THESE TERRIBLY
TRICKY TIMES
September
2002 ASSET PROTECTION TRUSTS: Rarotonga or Your Own
Backyard?
August
2002 PSSST. PASS IT ON…29 Questions To Ask If You
Own a Family Business
July
2002 POWERFUL TAX, RETIREMENT AND ASSET PROTECTION
PLANNING: Rediscovering Defined Benefit Plans
June
2002 TAX THE WEALTHY? Why Some Think America Needs
the Estate Tax
May
2002 THE SEATTLE FOUNDATION: Clients Make Giving
Easier
April
2002 AVOIDING THE FIVE BIGGEST PITFALLS OF CUSTODIAL
ACCOUNTS: Traps for the Unwary
March
2002 TRUST FRAUDS, FANTASIES AND ABUSES: Trying to
Trick Uncle Sam
February
2002 SMART TAX PLANNING IN COMMUNITY PROPERTY
STATES: Proceed With Caution
January
2002 TITLING ASSETS IN JOINT TENANCY: The Best
Advice is Usually “Beware”
December
2001 GIFTS FOR YOUR FAMILY FROM THE IRS:
Opportunities in Real Estate, Cash, Investments
November
2001 THE 412(i) DEFINED BENEFIT PENSION PLAN: A
Powerful Income Tax and Retirement Planning Tool
October
2001 ESTATE PLANNING IN A TIME OF UNCERTAINTY:
Ratifying Your Commitment to Family, Friends and
Causes
September
2001 TRUSTS MADE EASY: An Irreverent Q & A
August
2001 WHEN TO TURN TO A PROFESSIONAL FOR TAX AND
FINANCIAL HELP: The Importance of Good Advice
July
2001 29 (AND MORE) NON-TAX REASONS TO DO YOUR ESTATE
PLANNING: Avoiding Complacency After Estate Tax
“Repeal”
June
2001 THE NEW TAX LAW IN A NUTSHELL: Economic Growth
and Tax Relief Reconciliation Act of 2001
May
2001 UPREIT’S: A Powerful, Often Overlooked Tax and
Estate Planning Tool
April
2001 THE 412(i) DEFINED BENEFIT PENSION PLAN: A
Powerful Income Tax Planning Technique
March
2001 TEN TERRIBLE THINGS THAT COULD HAPPEN IF YOU
DON’T HAVE A WILL OR LIVING TRUST
February
2001 NEW IRA REGULATIONS ARE A GIFT FROM THE IRS
January
2001 MAKE THE MOST OF ESTATE TAX BREAKS WHILE YOU
CAN
December
2000 DONOR-ADVISED FUNDS: Simply Doing Well While
Doing Good
November
2000 SURPRISE! USE THE CODE TO OFFSET TAXES ON
INCOME PAID AFTER A PERSON’S DEATH
October
2000 RETIREMENT PLAN DISTRIBUTION PROBLEMS: A Fresh
Start?
September
2000 THE PRICE IS RIGHT: Gifting Stock to Family or
Charity
August
2000 GIFTS TO MINORS: Those Pesky UTMA Accounts
July
2000 DYNASTY TRUSTS: Let Family Wealth Grow Estate
Tax-Free Forever
June
2000 IRA RULES CAN STUMP THE PROS: Complexity Brings
Costly Errors
May 2000 FAMILY
LIMITED PARTNERSHIPS: In a battle over FLP’s,
taxpayers recently won a skirmish with the IRS,
which hasn’t waived the white flag yet.
April
2000 THE PRIVATE ANNUITY: A Business and Family
Estate Planning Tool
March
2000 GIFTING STOCK OPTIONS AS AN ESTATE PLANNING
STRATEGY
February
2000 GIVE YOUR HOUSE TO YOUR KIDS! Save Taxes With a
QPRT
January
2000 ESTATE PLANNING FROM THE HEART: A Y2K
Resolution
December
1999 TOWARD ZERO ESTATE TAXES: The Eight Secrets
November 1999 THE
TEN MOST COMMON ESTATE PLANNING MISTAKES
October 1999 THE TEN
MOST COMMON LIFE INSURANCE MISTAKES (And How To
Avoid Them)
September 1999
TAXPAYER REFUND AND RELIEF BILL OF 1999 Big Changes
in Estate and Gift Taxes; Big Veto?
August
1999 GIFTING STRATEGIES: Giving the Family an
Effective Estate Plan
July 1999 STOCK
OPTIONS: Big Tax Opportunities and Big Tax Traps
June 1999 DO YOU
KNOW WHO YOUR CLIENTS’ IRA BENEFICIARIES ARE?
Mistakes in IRA Beneficiary Designations Can Be
Costly!
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Price
& Farrington, PLLC - Attorneys and Counselors at
Law
Parkwood Office Center - 2370 130th Ave. N.E., Suite
103 - Bellevue, WA 98005
Phone: 425.451.3583.. Fax:
425.522.4818 ..E-mail: admin@pricefarrington.com
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