New Strategy Soon Available for 529 Accounts
Many people use 529 accounts as part of their estate and financial plan to support their children’s education. However, it is not always certain whether children will use those funds or not (for...
View Article2024 IRS Increases to Federal Transfer Tax Exemption and Annual Exclusion for...
The IRS just issued Revenue Procedure 2023-34 announcing the 2024 increases to the federal estate and gift tax exemption and the gift tax annual exclusion. The 2024 federal estate and gift tax...
View ArticleRaising Rent in Bellingham? You May have to Pay your Tenants to Move
On November 10, 2023, voters in Bellingham passed Initiative 2023-02 (“Initiative 2”) with 61.98% of tallied votes. Initiative 2 requires landlords to cover relocation expenses for tenants if they...
View ArticleThe Corporate Transparency Act: What You Need to Know
Beginning on January 1, 2024, business entities will be required to comply with the Corporate Transparency Act (“CTA”). The CTA, which will be enforced by the Financial Crimes Enforcement Network...
View ArticleThe PUMP Act Expands Key Protections for Nursing Employees to Express Breast...
The PUMP Act expands the Break Time for Nursing Mothers Act (the Break Time Law), passed in 2010 as part of the Affordable Care Act. Under the Break Time Law, employers were required to provide...
View ArticleParents of Young Adults: Consider Putting Estate Planning Documents in Place...
There is a common misconception when it comes to estate planning: only people with significant wealth need an estate plan. In fact, an estate plan is simply a set of documents that tells the world...
View ArticleCity of Seattle Passes Limits on Financial Leasing Obligations of Commercial...
On December 12, 2023, the Seattle City Council passed at full council Council Bill 120643 to establish limits on certain financial obligations of commercial tenants that landlords may require in or as...
View ArticleShoreline’s New Residential Tenant Protections
What Landlords Need to Know If you are a landlord in Shoreline, you will want to be familiar with Shoreline’s new tenant protections. On December 11, 2023, the Shoreline City Council passed Ordinance...
View ArticleThe Tacoma Landlord Fairness Code Initiative
Effective December 8, 2023, Tacoma landlords must consider the “Tenant Bill of Rights,” which Tacoma voters narrowly passed in the fall of 2023. The new chapter of the Tacoma Municipal Code, known as...
View ArticleNew Court Opinion Limits the Availability of Boundary Line Adjustments in...
A new Division One Court of Appeal’s decision, Hollywood Hill Neighbors v. King County, has impacted the availability of the boundary line adjustment process for many parcels in unincorporated King...
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