Taxpayer Friendly Federal Transfer

Lessons from S-Town on Estate Planning Issues Affecting Vulnerable Adults

Pop culture sometimes provides us with valuable lessons about the importance of estate planning. For example, as Trusts & Estates magazine pointed out, at the heart of the first season of the hit show Empire was a story of the trials and tribulations of business succession planning, as the head of a record company and family patriarch is diagnosed with a terminal … Continue reading »

States

Changing Your Residency to Avoid Washington Estate Tax

For Washington residents facing the possibility of a sizable estate tax bill, establishing residency in a different state may be worth considering, particularly for those who already have a second residence in another state. Establishing residency in another state may provide a tax advantage for some, but for others, the burdens of moving to a new home state ultimately override … Continue reading »

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Important Issues to Consider Before Entering into a Commercial Sublease

A properly structured sublease can be a prudent strategy in a commercial lease transaction. However, if poorly drafted, a sublease can unnecessarily expose all three parties (the landlord, tenant and subtenant) to unforeseen liabilities and risks. Continue reading »

sick leave

As of April 1, 2017, All Employees Have a Private Cause of Action for Violations of Seattle’s Safe and Sick Leave Ordinance

As of April 1, 2017, failure to update employee handbooks and sick leave policies will carry drastic consequences for all Seattle employers with more than four full-time equivalent employees. Continue reading »

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Tax Court Rules for MPBA Clients in Rejecting Aggressive IRS Estate Tax Claim

In Estate of Purdue, T.C. Memo. 2015-249, the United States Tax Court denied an IRS attempt to disregard lifetime estate planning implemented by Barbara and Robert Purdue (the “Purdues”). MPBA attorneys, primarily Alan L. Montgomery and George W. Akers, advised Mr. and Mrs. Purdue with respect to the lifetime planning, and also represented Mrs. Purdue’s estate (the “Estate”) at the Tax Court. The Estate … Continue reading »

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