Following the death of the first spouse, a joint and survivor grantor trust remains an eligible S corporation shareholder for which no electing small business trust or qualified subchapter S trust election is required until after the death of the surviving spouse.
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 MoreWashington employers are faced with the challenging task of providing a safe and healthy work environment for their employees as the risk of exposure to the new coronavirus, COVID-19, continues to increase. As with any serious public health threat, issues…
Read MoreIf you are interested in making charitable contributions without the complexity of establishing a private foundation or a charitable trust, you may consider giving through a donor-advised fund (DAF). What is a Donor Advised Fund? Essentially, a DAF is an…
Read MoreFor family businesses organized as limited liability companies, an operating agreement is critical to maintaining ownership within the family, providing clear direction to management in the face of complicated family dynamics, and offering stability when individual family members wish to…
Read MoreA significant term in most commercial leases is the right or obligation of landlord or tenant to remodel the leased premises during the lease term. When negotiating and drafting such a lease provision, it is important to address: (a) which…
Read MoreIn a commercial lease setting, one of the most often overlooked (but critically important) lease provision is the method of allocating and measuring the square footage of the leased premises.
Read MoreIn Matter of Estate of Rathbone, the Washington State Supreme Court held that the trial court did not have the authority to construe an ambiguous provision in a non-intervention Will (1). Rathbone involves a dispute among three brothers (Todd, Glen,…
Read MoreAs craft breweries often merge retail and industrial leasing concepts, they face a unique set of legal issues when negotiating a commercial lease agreement for their production facility and/or tasting room. License/Permit Contingencies and Permitted Use Provisions are Critical First…
Read MoreDebt Acceleration Generally Commercial and residential loan documents typically give the lender the option of accelerating the debt following an event of default. In other words, if the borrower fails to pay, or if some other event of default occurs,…
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