1. Planning For A Swift Exit

    You are an individual that has grown a wild idea into a successful small business. The years have been good to your business as it transitioned into a successful company. The day-to-day operations have been taken over by your children and you have been able to sit back and relax. Even if you are not ready to give up the reins just yet, it is time to develop an exit strategy. The estate planning ex…Read More

  2. Celebrities Get it Wrong

    It seems that every day there is another celebrity who dies young. Not only is this a tragedy because most of them are not of a ripe old age, but it seems that none of them had done any end-of-life planning. We see from the tabloids that most of them have family members that think that they deserve a piece of the fortune. All of which could have been avoided if the decedent had a will. It is baffl…Read More

  3. Legal Guardianship vs. Power of Attorney

    We have presented several articles about the various options at your disposal when considering how your estate and assets can be handled in the event of your death or becoming incapacitated. We have also outlined several of the choices you have when preparing for the future of a loved one. In a previous article we provided a basic overview of legal guardianship. Today, we’d like to focus on the …Read More

  4. What You Need to Know about Guardianship in Washington

    There comes a time in our lives when we need to consider our future. What will happen to my family when I’m gone? Will they be taken care of? Another concern that troubles some people is wondering how they will be taken care of should they become incapacitated or unable to make important decisions on their own. In previous articles, we touched upon durable power of attorney and revocable living …Read More

  5. What to Consider When You’re Working on Estate Planning

    Estate planning can be a difficult and time-consuming task for anyone to undertake. At Lyons | Sullivan, we want to help you to take control and achieve your goals regarding the disposition of your property in a tax effective manner. We can counsel our clients to provide for alternate decision making in monetary and health care matters and make certain that everything necessary is taken care of. I…Read More

  6. Durable Power of Attorney

    There are few people who take the time to consider what will happen to their family, their estate, and their assets should they became mentally incapacitated and unable to make decisions. It isn’t a pleasant thought, but considering how important it is to be prepared for such circumstances, more people ought to pay it more mind. One of the best ways to be prepared in the event you are unable to …Read More

  7. Wills and Community Property

    We discussed life as a young professional and the importance of a will for the future. When children and spouses enter the equation it becomes a different story. As you may know, Washington is a Community Property State. With the Community Property designation and in the event that a spouse has died, proper planning is essential to the integrity of the estate. What is a Community Property State? A…Read More

  8. Wills For Younger Professionals

    Let’s say you are a single, young professional with a promising career. Ambitious, talented and finally getting financial affairs in order. Your student loans are slowly being chipped away and it is time to begin saving for a down payment on a house. You have a solid credit report with a few minor infractions but nothing that will have a lasting impact. Is it too early to begin thinking about es…Read More