5 Common Business Structures Under Washington Law
Starting a new business in Washington, or re-structuring an existing one, is an exciting process. But choosing the right entity for your operations may seem a bit daunting. There are five common business entities in Washington. The “right” choice for you will depend on your particular interests and needs. Let’s take a quick look at the five.
1. Sole Proprietorships
These are businesses owned...
Peace, Joy, Hope, and Health
The McWilliams Law Group takes a special moment to wish you and all those close to you…
a joyous holiday season,
a new year of happiness,
hope for a world at peace, and
continued health and wellness.
We sincerely thank you for your loyalty and goodwill throughout the year.
Sincerely,
The McWilliams Law Group
*By acknowledgement and receipt of said electronic greeting, the...
Not Many Assets? You Still Need an Estate Plan
Many people hold the misconception that they don’t need an estate plan if they have few or little assets. The farthest is from the truth. Estate plans are not just for the rich or wealthy, however you may want to define those terms. The recent COVID pandemic has caused many individuals, couples and family caretakers to evaluate their current financial and estate decisions. Every person over 18...
3 Life Events that Should Trigger an Estate Plan Review
According to a 2020 Gallup Poll, just under half (46 percent) of Americans have a will documenting what they want to happen to their money and estate after their passing. The results of this same poll have remained vastly unchanged since 1990. I
Suppose you are one of the Americans who have a will already in place. In that case, it’s imperative that you review it periodically and update...
TOD Accounts Don’t Replace an Estate Plan
Transfer on Death (TOD) accounts are a tool that many financial advisors recommend to their clients. TOD accounts automatically transfer their assets to a named beneficiary when the account holder passes away. For instance, suppose you have a savings account with $50,000 in it and name your son as its beneficiary. In that case, all funds in the account would transfer to him upon your death....
2021 Estate Planning Checklist
2021 is underway, and the focus of our lives is shifting slowly from the pandemic. However, over the past year, many people have realized the importance of estate planning. It is never too early for an adult to begin thinking about estate planning, and the following is a brief checklist of estate planning considerations for 2021. For information regarding your specific situation, please...
Welcome!
Welcome to the official blog of McWilliams Law Group. We will begin posting on this blog shortly, so please check back regularly for updates about the firm, notable cases and more.