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As with any area of the law, estate planning is the source of several myths and misbeliefs. The unfortunate reality is that these misbeliefs often prevent people from completing an effective estate plan in the first place. Please know, however, that everyone should have a plan in place to protect their wishes, assets, and family. Please contact a skilled estate planning lawyer now if you don’t...

Probate refers to the general administration of a decedent’s estate. It involves the paying off of a decedent’s debts and the distribution of his/her assets. While probate can run smoothly, we also know from experience that it can be frustrating and involve conflict and disputes between family members. This doesn’t always have to be the case, though, since there are a few things you can do to...

A non-compete clause is a common clause that you will see in a Washington employment agreement. The provision essentially prevents a former employee from working for another company in certain situations. Including a non-compete clause in your employment contract can work to effectively keep your competitors at bay. What is a Non-Compete Provision? A non-compete clause basically prevents a...

Estate planning is often overlooked, avoided, or put off for another day. But the reality is that everyone should have a plan in place. This is especially true if you have children and/or own a home. Please note, though, that an effective estate plan does not have to be overly complicated. Rather, you can start with four key necessities and build on from there. These necessities include a...

In response to inflation rates, the IRS recently announced a few gift and estate tax changes that it will begin implementing in 2023. The changes will likely benefit your estate plan. If you don’t have a plan, or are looking to modify your existing plan, please contact a skilled estate planning attorney today! Gift Tax Annual Exclusion Beginning on January 1, 2023, the IRS will increase the...

The term “indemnity” often arises in the context of business contracts. In particular, it helps explain how one party to a contract will get compensated following a financial loss because of another party’s conduct. But please keep in mind that the particular way an indemnity provision will work often depends on the specific language used in an agreement. What Does “Indemnity” Mean? Let’s...

Under Washington law, “TEDRA” refers to the Trust and Estate Dispute Resolution Act. The statute is set forth in Chapter 11.96A of the Revised Code of Washington. The law sets forth the procedural framework with regards to resolving disputes that arise during the probate of an estate. What is a TEDRA Petition? A TEDRA petition is essentially a claim that you bring before the court that is...

If you want to dissolve your Washington Corporation or limited liability company (LLC), you’ll want to make sure you follow all the necessary steps. A failure to do so can result in the accrual of annual report fees and late fees. Not to mention, you might continue to receive phone calls and emails from people who believe you’re still in business. Simply follow the steps below and contact the...

A pour over will is a type of estate planning document that works in concert with a trust. Whether this will is ideal for you simply depends on your particular wishes and assets. Please make sure to consult with a skilled estate planning attorney to ensure your plan is current and is consistent with your desires. The estate planning lawyers at the McWilliams Law Firm are always here to help!...

A limited liability company is a specific type of business entity or structure. It’s often referred to as an “LLC.” The main benefits of the entity are that it provides business owners with liability protection, a flexible management structure, and certain tax advantages. What are the Key Features of an LLC? There are three important aspects to a limited liability company. The first is that it...