The passing of a loved one is a deeply emotional time. While grieving, you may also be faced with the legal complexities of settling their estate through probate in Washington State. Probate, the court-supervised process of administering a deceased person’s assets and debts, can be daunting, but understanding common pitfalls can help you navigate it smoothly. In this article we will provide you some tips to avoid mistakes and ensure a more efficient probate process. Understanding the Current: The Probate Landscape in Washington What is Probate? Probate is the legal process that oversees the ad ..read more

Thinking about filing Bankruptcy in Washington state when facing overwhelming debt can be a stressful and isolating experience. Considering bankruptcy as a solution often raises many questions and anxieties. Unfortunately, these anxieties are often fueled by misconceptions and myths surrounding the process. Here, we tackle the 10 biggest myths about filing bankruptcy in Washington State, helping you make informed decisions about your financial future. You might find that the process is more straightforward and easy than you realize depending on your situation. Myth #1: Filing for Bankruptcy Me ..read more

Facing our mortality may not be pleasant, but preparing for it with an estate plan in Washington State brings peace of mind and protects our loved ones. In Washington State, a well-crafted estate plan ensures your wishes are known and respected, streamlining the process for your beneficiaries and avoids potential legal complications. Below, we delve into the essential documents forming the foundation of your estate plan in Washington State: Last Will and Testament: The Cornerstone of Distribution Imagine a roadmap outlining how your possessions are distributed after your passing, who you want ..read more

Many experts thought that the end of 2023 would bring doom and gloom for financial markets and real estate market but the crash that was predicted never happened. As we step into 2024, the economic landscape remains uncertain, with lingering effects of the pandemic, rising inflation, and potential interest rate adjustments. This uncertainty can significantly impact various aspects of our lives, including our finances, properties, and future plans. If you’re concerned about how these factors might play out in the areas of bankruptcy, real estate, and estate planning.  Below is a glimpse of ..read more

One question that comes up from time to time in my practice is how should I buy Parents’ Home in Washington State in order to save the most on taxes and costs? The answer to the question of how to buy parents’ home in Washington state depends on several questions as everybody’s situation is unique.  Consulting with a well-informed real estate purchase and sale attorney in your area is advisable to learn about all of your options.  Purchasing your parents’ home or that of any other family member whom you may inherit a house from in the long run can be an emotionally charged and finan ..read more

Buying a home in Washington State is one of the biggest financial decisions you will ever make.  For many people buying a home is a dream come true. However, buying a home can be a complex legal transaction and that is why it is important to have a Washington State real estate lawyer on your side to help you through the process to make sure that you’re making a sound investment and that your interests are protected. A Washington State real estate lawyer can help you protect your interests throughout the home buying process.  They can review the purchase contract, negotiate on your be ..read more

Washington State bankruptcy Exemptions will increase on July 23, 2023 helping consumers protect more of their personal assets such as vehicles, bank account balances and personal injury proceeds.  Bankruptcy exemptions are laws that allow consumers who file for bankruptcy, protection of assets up to a limited amount.  There are states that allow for consumers to only use their states bankruptcy exemptions while others allow consumers to choose between state and federal exemptions.  In order to use a state’s exemption, you must have resided or claimed that state as your domicile ..read more

Real estate investors in Washington State are always on the lookout for good deals, and distressed properties can be an attractive option. However, navigating the legal complexities of distressed properties can be challenging for even the most experienced investor. That’s where a distressed property lawyer in the Seattle metro area can help, severing clients throughout Washington State. In this article, we’ll explore how a real estate investor can work with a distressed property attorney to leverage the knowledge of a Washington state real estate attorney without having to provide legal servic ..read more

Bankruptcy is often thought of as a last resort for those who are struggling with overwhelming debt and financial difficulties. But what are the top 10 reasons why people file for bankruptcy in Seattle Washington? In this article, we’ll explore the most common reasons why people turn to bankruptcy to help them get a fresh start financially.  There are 2 types of bankruptcy cases that most consumers file and those are chapter 7 bankruptcy for a complete elimination of debt wherein the bankruptcy process can be completed in a little over 90 days and chapter 13 bankruptcy where debtors are o ..read more

If you have been holding on to a real estate investment or perhaps a former primary residence where you no longer can offset capital gains with a new home purchase, a 1031 exchange may be the answer that you are looking for to defer capital gains taxes.  A 1031 Exchange is a tool used in the sale of real estate in order to defer capital gains taxes on the sale of real estate.  This tool works best for people who want to sell an investment property but don’t want to pay the capital gains and want to continue to invest in real estate or other investments. In order to capitalize on this ..read more