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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...

In a historic move set to reshape the landscape of employment law in the United States, the Federal Trade Commission (FTC) has announced a new rule that bans most non-compete clauses. This landmark decision, aimed at fostering fair competition and protecting workers’ rights, promises to have far-reaching implications for both employees and employers. What Are Non-Compete Clauses? Non-compete...

An estate plan is crucial in that it helps ensure that your loved ones are taken care of, and your assets are distributed according to your wishes after you pass. One of the key components to any estate plan is your will. While it may seem daunting, understanding the basics of will drafting and key terms such as “residue” can make the estate planning process more manageable. Please...

Running a Limited Liability Company (LLC) comes with numerous perks, such as flexibility in management and limited liability protection for its members. However, alongside these advantages, there are various legal obligations that LLC owners must fulfill to maintain compliance with state regulations. One such requirement pertains to the filing of annual reports. Let’s delve into this...