Posts
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How Trusts are Taxed: Key Considerations for Multigen Wealth
July 19, 2024
How Trusts are Taxed: Key Considerations for Multigen Wealth
Trusts in the U.S. are taxed at much higher rates than people or companies. And that difference can greatly impact how effectively your family trust operates over time, especi
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A Trust for Your Next Generation
June 28, 2024
A Trust for Your Next Generation
Of the many accounts you can set up for your children or grandchildren (such as 529 Plans for education and custodial bank/investment accounts), none provide the wide-ranging
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How We Work with Co-Trustees
April 18, 2024
How We Work with Co-Trustees
Trusts at LNW are built on relationships that grow and are reinforced over time. This certainly applies to the co-trustees we work with, including client family members and bu
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Funding a Trust Now vs. Later
July 21, 2023
Funding a Trust Now vs. Later
There are compelling reasons to fund a multigenerational trust while you are alive for the benefit of people you love and causes you believe in. And that’s especially true n
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2023 Federal Tax Update: Biden Budget Proposals
April 12, 2023
2023 Federal Tax Update: Biden Budget Proposals
Despite a campaign promise to raise taxes on higher income households, the Biden Administration has so far not been successful in doing so. The latest efforts on this are cont
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Last-Minute Pointers: WA State Capital Gains Tax
March 28, 2023
Last-Minute Pointers: WA State Capital Gains Tax
Updated April 11, 2023. A while back, we wrote that the 7% WA capital gains tax would be due April 18, 2023 and it was best to prepare for that sooner rather than later, which
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Impact of 2022 Federal Tax Changes
January 18, 2023
Impact of 2022 Federal Tax Changes
There were two major tax policy events in 2022: (1) The Inflation Reduction Act (aka IRA) focused on raising corporate tax revenue while incentivizing investment in clean ener
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Tax-Loss Harvesting in 2022 and Beyond
July 21, 2022
Tax-Loss Harvesting in 2022 and Beyond
Down markets can provide opportunities for us to enhance after-tax returns. LNWM’s Kristi Mathisen describes a strategy known as “tax-loss harvesting” and the careful co
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Expert Opinion: The Role of Life Insurance in Estate Planning
March 15, 2022
Expert Opinion: The Role of Life Insurance in Estate Planning
Life insurance can be a key component of estate and multigenerational wealth planning, especially for high-net-worth households. But as with many other things, the devil’
