Posts by Ally Loyd
Five Tax-Planning Tips for Retirees
There’s a common misconception that, when you retire, your tax bills shrink, your tax returns become simpler and tax planning is a thing of the past. That may be true for some, but many people find that the combination of Social Security, pensions and withdrawals from retirement savings accounts increase their income in retirement and may even push…
Read MoreAnswers to Your Questions About Living Trusts
Living trusts have become popular estate planning tools, but they are not for everyone. Here are some frequently asked questions to help you decide whether to consider a living trust. Q. How does it work? Answer: With a revocable living trust, you transfer ownership of assets of your choice to a trust while you’re alive. The trustee…
Read MoreFunding Long-Term Care Expenses: What Are Your Options?
Few things can derail your estate plan as quickly as unanticipated long-term care (LTC) expenses. Most people will need some form of LTC — such as a nursing home or assisted living facility stay — at some point in their lives. And the cost of this care is steep. According to a 2021 survey by…
Read MoreCrop Insurance – an Important Tool for Farmers During Challenging Times
Crop Insurance. It’s a phrase that makes most people wish they were watching paint dry when itis discussed. However, at Alegria Advisors, we think it’s an increasingly important part of ourValley’s financial stability, in what is proving to be a very tumultuous time. As an AdvisoryFirm that provides CPA and Financial Advisory Services in addition…
Read MoreThe Basics of Estate Planning
With the many changes in the estate tax in recent years, you could be confused about the need for estate planning. But estate planning was never just about reducing estate taxes. It is also about ensuring that your estate is distributed according to your wishes and that your heirs are properly provided for. At a…
Read MoreOn the Fence: Investment Grass Greener on the Other Side?
Picture two neighbors separated by a fence, both deciding how to seed and fertilize their respective lawns. One goes for a combination that grows like crazy in a typical wet spring and turns a lustrous green — only to quickly brown during the first extended dry spell in the summer heat. The other opts for…
Read MoreAnswers to Your Questions About Picking an Executor
Your executor is responsible for handling the final details of your estate, such as paying off debts and distributing whatever is left to the rightful heirs and beneficiaries. It can be a difficult job if the person doesn’t have the skills necessary to handle it. Here are answers to some of the commonly asked questions…
Read MoreIs an F Reorganization Right for Your Corporation?
When approaching a major junction in a company’s life cycle — such as implementing a succession plan or selling the business — corporate business owners may want to consider a tax-efficient restructuring. An F reorganization might be an option. In many cases, it’s used to help preserve tax attributes, optimize the transaction or create a…
Read MoreWhy Filing a Tax Return Extension Can Be a Smart Move
As the April tax deadline (or May 1st deadline for many taxpayers in Washington this year) approaches, many taxpayers feel pressure to file quickly—sometimes before all information is complete. While filing early works well for some, requesting a tax return extension can be a prudent and strategic decision for most. An extension is not a…
Read MoreWashington State’s New Luxury Motor Vehicle Sales Tax
Client Alert – Effective January 1, 2026 Beginning January 1, 2026, Washington State imposes a new luxury motor vehicle sales tax on high-value vehicle purchases and leases. Enacted under Engrossed Substitute Senate Bill (ESSB) 5801, the tax applies in addition to existing state and local sales taxes and significantly increases the cost of acquiring certain…
Read More