The American Tax Payer Relief Act of 2012 (the “Act”), also known as the “fiscal cliff legislation,” was approved by Congress on January 1, 2013. Thankfully, this legislation eliminated much of the uncertainty regarding federal estate tax. In 2012, the federal estate tax threshold was $5,120,000 per person (or $10,240,000 for married couples). Specifically, estates falling below this asset level
As you are aware, Washington voters recently approved Referendum 74, legalizing gay marriage. The new law took effect on December 6, 2012. How might this change impact your estate planning? Changes to Washington Registered Domestic Partnerships. If you currently have a Washington State domestic partner, here are some key points you should know: If you decide to marry your partner,
Seattle’s new Sick and Safe Leave Ordinance becomes effective September 1, 2012. It establishes minimum standards for Seattle businesses in providing paid sick and safe leave to their employees. We want to make you aware of these new requirements with this brief summary. Starting September 1, 2012, Seattle businesses must provide a minimum amount of paid leave depending upon the
Substitute House Bill 1051 (“SHB 1051″) became effective this year, significantly impacting the administration of trusts, the duties of trustees, and the rights of trust beneficiaries. If your estate plan contains a testamentary trust, you should be aware of these new requirements. We wanted to let you know about a few key changes, primarily involving notification and reporting rules for
By Stacey L. Romberg Jane Doe, Attorney at Law, attends her first networking event, a local Chamber of Commerce function. She knows no one. She wants to go home. Alternatively, she’s tempted to hide intermittently in the women’s restroom and the line to get cocktails until the speaker begins his presentation. Eventually, after several trips through the cocktail line, Jane
Prior to becoming president, Abraham Lincoln practiced law for almost 25 years in Illinois. He formed three partnerships, working as a junior part-ner to John Todd Stuart (1837–1841), junior partner to Stephen T. Logan (1841–1844) and, finally, senior partner to William H. Herndon (1844–1861). Like many lawyers of his day, Lincoln represented clients in a variety of civil and criminal
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