Author: MCWS Law

In today’s digital world, our online presence is more than just a social media footprint. It often includes valuable assets like cryptocurrency, intellectual property, and even digital collections. Yet, digital assets are frequently overlooked in estate planning. For Washington residents, understanding how to account for these assets is essential to ensure a comprehensive estate plan. Here’s...

Running a successful business requires balancing growth with navigating a complex legal landscape. While some companies opt to build in-house legal teams, hiring outside counsel can provide significant advantages. Outside counsel, composed of experienced legal professionals not employed by your business, can offer specialized support, insight, and flexibility. Here are several ways outside...

Starting a new business can be exciting, but it comes with a host of legal challenges that many entrepreneurs are unprepared for. Mistakes made early in the process can lead to costly disputes or even threaten the survival of the business. Here are some common legal pitfalls that new businesses face and strategies to avoid them. Choosing the Wrong Business Structure Selecting the appropriate...

In Washington, a Simple Estate Affidavit (also known as a Small Estate Affidavit) is a legal document that allows heirs or beneficiaries to access and transfer assets from a deceased person’s estate without going through the formal probate process. The use of the Affidavit is streamlined, cost-effective, and typically used when the estate meets certain criteria. Let’s take a closer look....

Navigating the probate process can be overwhelming, especially in the state of Washington, where specific laws and procedures apply. For individuals dealing with the estate of a deceased loved one, the services of a probate attorney can be invaluable. Here’s an overview of the essential role a probate attorney plays in Washington, and why their expertise is crucial. What Is Probate? Probate is...

Selling a Limited Liability Company (LLC) is a significant decision that requires careful planning, legal considerations, and strategic thinking. Whether you are selling your business to retire, pursue new opportunities, or capitalize on its value, understanding the process is crucial. This guide will walk you through the key steps and considerations involved in selling an LLC. Understanding...

Choosing the right business structure is a critical decision that can impact everything from taxation to management. Two popular options are the Corporation and the S-Corporation (or, “S-Corp”). While they share some similarities, they also have distinct differences that make them suitable for different types of businesses. Let’s explore these differences to help you make an informed decision...

A Transfer on Death Deed (or “TODD”) is a legal document that allows a property owner to designate a beneficiary who will inherit their property upon death. Unlike a traditional will, a TODD bypasses the probate process, making the transfer of property quicker and often less expensive. Let’s take a closer look. How Does a Transfer on Death Deed Work? Creation and designation: The property...

Creating an estate plan is a crucial step in ensuring your assets are managed and distributed according to your wishes after your passing. However, an estate plan is not a “set it and forget it” type of document. Life changes, and so should your estate planning documents. Here are key moments when you should consider updating your estate plan to reflect your current situation and...

As of June 6, 2024, Washington State has implemented significant new restrictions on non-solicitation provisions, aligning more closely with its stringent non-compete laws. These changes target agreements that, while not explicitly non-compete clauses, function similarly by preventing former employees from accepting business from previous, current, or prospective customers. What Employers Need...