News Category: Blog Articles
Cryptocurrency in Divorce
Cryptocurrency is an increasingly common investment in spouses’ portfolios. While cryptocurrency can present unique challenges due to the various exchanges, different forms of recordkeeping, and new vocabulary, the key questions for purposes of divorce are the same as for more traditional assets: When Was the Cryptocurrency Acquired? It is important to identify when you purchased
What You Need to Know About Washington’s New Estate Tax Break for Family Homes
Overview of The Spousal Residence Exclusion Washington state recently enacted some changes that may impact married couples and registered domestic partners. Under the new Spousal Personal Residence Exclusion, when a spouse/partner passes away on or after January 1, 2025, the decedent’s share of the family home in some situations will not count when determining whether
Navigating Technical Terminology in Residential Construction Contracts
Residential construction contracts will often contain technical terms or jargon that leave many homeowners with uncertainty. Homeowners should be cautious of implicitly agreeing to language they do not understand when entering a construction contract. As a primer, the following are some words commonly found in residential construction agreements that homeowners should understand before entering into
Can You Lower Spousal Support During a Business Downturn? What Washington Law Says
If your business has taken a hit because of tariffs or market volatility, the law may offer a path to modify your spousal support obligations—but it’s not automatic. A client runs a successful U.S.-based fashion brand that relies entirely on a specialized garment factory in Asia. When the most recent round of tariffs hit, the
Commercial Real Estate Disclosures in Washington: What Sellers Need to Know
In Washington, sellers of commercial property are required to complete and timely provide a buyer with a seller disclosure statement (commonly known as the Form 17 Comm) containing specific information about the property pursuant to RCW 64.06.013. The seller disclosure statement is required for all transactions with a few exceptions which include, without limitation, foreclosures,
2025 Estate Planning Opportunities
Springtime is a great time to review your current estate plan or consider creating one. This year brings a number of opportunities for creating an estate plan, pursuing gifting strategies, and considering philanthropic goals. Here is a highlight of a few estate planning opportunities for this year: Increased Estate, Gift, and Generation-Skipping Transfer Tax Exemptions
Estate Planning for Young Adult Children
The job of parenting can be consuming with the drive to protect children in all circumstances, including the unthinkable. However, the topic of estate planning for children still looms large on the mind of most parents. Estate planning clients of young-adult children often express concerns about ensuring their children are cared for in the event
FINCEN Filings Terminated
Per the U.S. Treasury Department announcement below, FinCEN is now dead except for some limited foreign entity reporting. Despite the many turbulent things happening in the U.S. government right now, this still came out of left field and is a bit surprising. We all know, however, that the political pendulum swings and suspect that, eventually,
Hague Convention on the Civil Aspects of International Child Abduction
The Hague Convention on the Civil Aspects of International Child Abduction is an international treaty that established a uniform set of laws for countries with respect to child abduction. Countries that are signors to the Convention agree to follow an established legal process to recover and return children located in their country who may have
Pre-Litigation Mediation, Is it For You?
In today’s complex litigation landscape, many individuals and businesses are turning to alternative methods to resolve disputes as a way to avoid the time, expense, and unpredictability of traditional lawsuit. Pre-litigation mediation has emerged as one method to resolve disputes before initiating a lawsuit. Engaging in pre-litigation mediation involves working with a neutral third-party mediator