Although your Will or Revocable Trust governs the distribution of many or most of your assets, certain assets — such as retirement plans, insurance policies, and bank or brokerage accounts — require you to name a beneficiary. This can be an advantage, because when you die the funds can pass directly to your beneficiary without […]
Estate Planning and Your Art Collection
If you are an art collector, it is critical for your estate plan to address your collection separately from other types of assets. Investments in artwork may be motivated in part by financial gain, but for most collectors the primary motivation is a passion for the art itself. As a result, managing these assets involves […]
A New State Capital Gains Tax
Earlier this year, Washington’s legislature passed Senate Bill 5096, which was signed by Governor Jay Inslee on May 4, 2021, and has since been codified under RCW 82.87. Starting on January 1, 2022, the new law imposes a 7% capital gains tax on annual federal long-term capital gains in excess of $250,000. The new tax […]
National Estate Planning Awareness Week
Estate planning is an often overlooked element of financial planning + wellness – it is estimated that 56% of Americans do not have an up-to-date estate plan. National Estate Planning Awareness Week was adopted in 2008 to help the public understand what estate planning is and why it is such a vital component of financial […]
Unsolicited Probate Advertisements
Heirs or beneficiaries of a probate estate may receive unsolicited mailings or other advertisements offering to provide cash advances, purchase property interests, or other services. Some advertisements use information gleaned from public court records or mimic formatting similar to official documents to persuade the public to contact the company and to lend the advertisement a […]
Mitchell Wallum named to the Editorial Staff at Washington Law Review
We would like to congratulate our legal intern Mitchell Wallum for being appointed to an Editorial Staff position at the Washington Law Review. Washington Law Review is Washington State’s flagship legal publication and has been in publication for over 100 years. It is a student-run publication that publishes four issues every year – these issues […]
Announcing Reed Longyear Malnati Corwin & Burnett, PLLC
We are excited to announce that our firm is updating our name to Reed Longyear Malnati Corwin & Burnett, PLLC in recognition of two of our outstanding and dedicated members. Christina Corwin joined our firm in 2003 and continues to enrich her extensive experience guiding parties through Family Law mediation, litigation, and collaborative law processes. […]
Congratulations to Reed Longyear Attorneys selected as Super Lawyers or Rising Stars in Washington for 2021
It is with great honor that we recognize the attorneys at our firm who have been selected as Super Lawyers or Rising Stars in Washington for 2021! We are pleased to announce the following attorneys have been selected for inclusion in the 2021 Washington Super Lawyers and Rising Star selection: Michael LongyearSuper Lawyer, 2003-2010 2014-2021 […]
Attorney Carla Calogero Elected to KCBA GELS Section
Reed Longyear is proud to announce that Attorney Carla Calogero has been elected to a new role as Treasurer for the KCBA Guardianship and Elder Law section 2021-2022 executive board. The Guardianship and Elder Law Section of the King County Bar Association provides education, activities, and programs that enhance the lives of people with special […]
IRA’s One Year After the SECURE Act
Just over one year into the SECURE Act, and it is still not common knowledge that inherited IRA’s by non-excepted beneficiaries on or after January 1, 2020, require full distribution within 10 (ten) years and can no longer be “stretched out” over the person’s lifetime. Reed Longyear Malnati & Ahrens, PLLC – Attorney Joshua M. […]