The practice of life… As you all know I own a law firm and an accounting firm. And you have probably heard both referred to as a “practice.” The practice of law. The practice of accounting. They are referred to as practices because you never reach your end goal. You never know every rule. You’ve never encountered every situation. You’re “practicing” every day to get just a little bit better. And I think this should apply to life too. All…
By: Christopher Small | June 17, 2024 | Probate, Videos
There are very special rules when it comes to what you can do with an inherited IRA. Here’s a breakdown of how to transfer an inherited IRA to your retirement accounts (hint – it’s now what you think). View this post on Instagram A post shared by CMS Law Firm LLC (@cmslawfirm)
It’s probably best to get the pleasantries out of the way first… Happy Father’s Day to all you dads out there. I wanted to take this opportunity to talk about what being a dad means to me, and hopefully it resonates with you a little bit. I, strangely, don’t care too much whether my kids like me or not in any particular moment. My job as a dad is not to be liked. I’m not trying to make friends. My…
This is a question I received on TikTok from a subscriber. He said: “I was told don’t bother with a trust until we have the $24.5m in assets together. Why do people create trusts with less assets?” Let’s dive in. First, I’m not sure who you’re talking to, but if they don’t have attorney-at-law on their resume, please stop listening to them. It’s going to lead you down a path full or mistakes and bad choices. Second, there are TWO…
Everyone always wants to know how to reduce taxes, so I thought this week I’d remind you of the first way to zero out your WA state estate tax, if you’re married. You ready? Let’s go! First things first, it’s important to know when you have to start paying estate taxes. That magic number is $2.193m – and has not adjusted for inflation in many many years. Second, it’s important to know that if you are married, you do NOT…
https://youtube.com/shorts/G_ENPr4eU40?si=CknPiotJM6CPbghM Will a bank tell you if you are a beneficiary on an account? At CMS Law Firm we do estate planning and probate, and we do it well. If you need help, we’d love to talk to you about how you can protect your family, protect yourself, and protect your money. Getting started is easy. Just click the link and set up a time for your free strategy session – https://cmslawfirm.com. Talk to you soon!
https://youtube.com/shorts/KY4DivOGKXw?si=NHVqEyEF3beeefdq Beneficiary designation or trust – Which wins? At CMS Law Firm we do estate planning and probate, and we do it well. If you need help, we’d love to talk to you about how you can protect your family, protect yourself, and protect your money. Getting started is easy. Just click the link and set up a time for your free strategy session – https://cmslawfirm.com. Talk to you soon!
