Fairview Law Group has relocated its office to 1201 Third Avenue in downtown Seattle (formerly the Washington Mutual Tower). Please update your address books! 1201 3rd Avenue, Suite 2200Seattle, WA 98101 Click here for map and directions We look forward to meeting with you in our new space.
Read MoreYesterday, the US Tax Court released their ruling in the case of McNulty vs. Commissioner of IRS (157 T.C. No. 10, November 18, 2021). In short, it wasn’t pretty for a husband and wife who had two self-directed IRAs and IRA-owned LLCs and used those IRA/LLCs to hold precious metals (e.g., American Eagle coins) in a safe at … Continue reading Lessons from McNulty Case (hint: precious metals within IRA-owned LLC = trouble!)
Read MoreTHE TAX CUT AND JOBS ACT OF 2017: Highlights and Estate Planning Considerations Just three weeks after the Tax Cut and Jobs Act of 2017 was introduced, the final bill was passed on December 20, 2017, and signed into law on December 22nd. This comprehensive tax overhaul dramatically changes the rules governing the taxation of … Continue reading THE TAX CUT AND JOBS ACT OF 2017: Highlights and Estate Planning Considerations
Read MoreOur estate planning questionnaire is now available for you to complete and submit online. Click here to get started: Estate Planning Questionnaire Existing clients can also also access their secure client portal here.
Read MoreIf you raise rates on the rich, will you lose them to other states? A study of 45 million IRS records suggests it doesn’t work that way. The researchers analyzed 45 million tax records, covering every filer who reported income of at least $1 million in any year from 1999 to 2011, and found that the rich are in … Continue reading Higher Taxes Don’t Scare Millionaires Into Fleeing Their Homes After All – Bloomberg
Read MoreESTATE TAXATION OF LIFE INSURANCE. Life insurance proceeds are generally exempt from income tax, but not from estate tax. The proceeds from a life insurance policy (the death benefits) are are not exempt from estate tax in cases where the insured is also the owner of the policy or deemed to have certain … Continue reading IRREVOCABLE LIFE INSURANCE TRUSTS
Read MoreA recent survey commissioned by Rocket Lawyer revealed that 70% of Americans aged 45-54, and 54% of Americans aged 55-64, do not have a Will. The recent death of Prince and news that he died without a will has brought a lot of attention to this issue and the added complexity, costs, and inherent conflicts … Continue reading Survey Reveals Majority of Americans do not Have a Will
Read More