The Challenges of Timeshare Ownership
We have all been there. We take a glamorous vacation to Florida or Hawaii or Arizona or Mexico, and we are presented with the deal of a lifetime: a timeshare.…
We have all been there. We take a glamorous vacation to Florida or Hawaii or Arizona or Mexico, and we are presented with the deal of a lifetime: a timeshare.…
Property owned by a spouse does not automatically transfer to the surviving spouse at death. Instead, something more is needed in the estate plan to accomplish this feat. In all…
When a person endeavors to purchase a piece of real property (i.e. land and any associated buildings), the purchaser would be wise to study up on the potential liability he…
Should a person gift the farm before death to avoid the complexity of probate and the estate tax? Probably not. The family farm occupies a unique position in Washington state…
An individual or a business can engage (i.e. contract) with another as an employee or an independent contractor. The business owner is usually better served if he or she can…
If you are a business owner that: (1) is looking towards succession planning and the option of selling your interest in a business; (2) has inclinations towards charitable giving; and…
When businesses need attorneys to assist on either day-to-day matters (e.g. labor and employment issues) or once-in-a-lifetime matters (e.g. selling the business), the business will need to choose whether to…
If you’ve ever driven past an abandoned house with rusted play equipment in plain sight and thought that it looked like a dangerous trap for unwary children, then you intuitively…
Generally, in Washington state, income producing real property should be placed into a Washington limited liability company (“LLC”). What is real property? Real property is any property that is of…
At death, there is a little-known tax benefit that the federal government provides. It is an adjustment to tax basis and it can have a profound effect on the taxation…