The Washington Legislature passed a new state capital gains tax on April 5, 2021. Governor Inslee signed the bill, Senate Bill 5096, into law on May 4, 2021. The new law imposes a 7% tax on gains exceeding $250,000 in…
Read MoreIncorporating Lessons Learned The spread of coronavirus (COVID-19) and responsive government measures to reduce the spread and curb the impact of the virus have led to unprecedented questions regarding the enforceability of contractual obligations. Many issues regarding non-performance remain unresolved.…
Read MoreOne Step Closer: Washington State Bill Removing Discriminatory Covenants from Title Passed and Waits for Inslee’s Signature As explained in a previous blog post, Washington State’s Legislature and Judiciary have been grappling with how to remove the monuments of racial…
Read MoreClearing Title: How to eradicate the monuments of racial territoriality from your title As a property owner or real estate professional you have likely stumbled upon something in a deed or title report that made you recoil. “Can they really…
Read MoreOn December 2, 2020, CMS issued the long-awaited Final Sprint Rules, implementing significant revisions to the Stark physician self-referral regulations (42 CFR Part 411). Although many of the revisions are focused on facilitating value-based care arrangements and are generally positive…
Read MoreOn January 1, 2021, the Washington state minimum wage increased from $13.50 to $13.69 per hour. The state’s pay thresholds for overtime exempt workers also changed to the following: Minimum Salary Thresholds for Overtime Exempt Workers Effective January 1, 2021…
Read MoreThe IRS increased the 2021 federal estate and gift tax exemption to $11,700,000, up from $11,580,000 in 2020. The IRS announced the increase, along with a variety of other adjustments, in Rev. Proc. 2020-45. This increase to the federal exemption…
Read MoreLast year, we published a new website with an updated firm logo and clean, modern design. Since then, we’ve modernized our firm name, updated our email addresses and signatures, and updated our formal letterhead. Why did the name change? The…
Read MoreRetirement accounts are often the most significant asset in an estate, yet in most cases, these assets pass outside the terms of our clients' testamentary documents. As a result, planners must take particular care to coordinate beneficiary designations with overall…
Read MoreOn Wednesday, September 16, 2020, the U.S. Department of Labor published new revisions to its Families First Coronavirus Response Act (FFCRA) regulations following a recent federal court decision that invalidated several regulatory provisions interpreting the FFCRA. In connection with the…
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