Estate Planning
Randi Johnson

What Is a Durable Power of Attorney? | Spokane, WA

A Power of Attorney designation gives someone the right to make decisions on your behalf in a number of different matters. A Durable Power of Attorney allows for that decision-making to continue, for the designated medical and financial issues that it covers after you become incapacitated or are mentally unable to think

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Estate Planning
Randi Johnson

How Do I Go About Setting Up a Trust? | Spokane, WA

People often think a trust is set up only by rich people, but that is not the case. Many people set up trusts, and the reasons are varied. While some people set up revocable trusts to help with taxes, the majority of trusts are set up by people who want

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Estate Planning
Randi Johnson

What Are the Duties of a Guardian?

A guardian is appointed by you or a judge to make sure your children are adequately cared for if you pass away or no longer can perform your duties. In essence, it is up to them to provide the child with the same necessities and privileges that they would expect

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Estate Planning
Randi Johnson

What Is The Difference Between Each Power of Attorney

A power of attorney is a document that gives someone else the authority to take care of decisions or transactions that you would typically take care of yourself. These documents usually are meant to go into effect should the person who initiated them become incapacitated due to illness or incapacity;

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Estate Planning
Randi Johnson

When Will Social Security Run Out? Here Is the Truth About SSI

Social security is the most prominent social insurance program in the US, but is it really here to stay? While the Social Security Administration (SSA) provided more than $1 trillion USD in benefits in 2018, the funds will not last forever, right?  Well…maybe? So, when will Social Security run out? Let’s attempt to

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Estate Planning
Randi Johnson

What Are the New Tax Law Exemptions for Estate Planning?

Another tax season is here, and Americans have more questions than ever. The reason is that the United States government drastically overhauled its tax code in 2017. In December 2017, the U.S. Congress passed the Tax Cuts and Jobs Act (TCJA). President Trump signed the TCJA, and its implementation started with the

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Estate Planning
Randi Johnson

Your Guide to Forming a Charitable Trust

If you love the idea of contributing to society through philanthropic donations, consider setting up a charitable trust. Not only will giving back make you feel great, but you can also snag some considerable estate and income tax benefits. The more money you give, the more you save. In fact,

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