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 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 MoreGovernor Inslee issued a proclamation this week allowing for remote notarization from March 27 to April 26, 2020, in light of the current Coronavirus pandemic. Under the new law, notary services can occur virtually through audio-visual technology such as Skype,…
Read MoreThe State of Washington imposes a real estate excise tax (REET) on the sale of real property. For many years, the REET was assessed at a flat rate of 1.28% at the state level, and local governments could also tax…
Read MoreOn May 8, 2019, Governor Inslee signed a new law that will transform the use of noncompete agreements in Washington. The new law takes effect on January 1, 2020 and will apply to all existing noncompete agreements with employees and…
Read MoreYou’re old enough. You’re wealthy enough. People depend on you. There’s no excuse for procrastinating! By Kaity Perez, JD, LLM and James Nevers, CFP A recent Caring.com survey found that nearly four in five millennials (78%) and 64 percent of…
Read More529 plans are tax-advantaged savings plans that have traditionally been used by families to pay for their children’s college expenses. Contributions grow tax-deferred and may be withdrawn tax-free for qualifying expenses. These plans have always been a powerful planning tool…
Read MoreOwners and General Contractors generally have a duty to provide a safe workplace. But does that duty mean that an Owner or General Contractor is automatically liable for the actions of its Subcontractors when a Subcontractor’s employee suffers an injury…
Read MoreYes, even though Washington law permits individuals to engage in the recreational and medical uses of marijuana, a private employer can still test for and prohibit employees from using marijuana as part of its employment drug testing program. Unlike alcohol…
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