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The Basics of a 1031 Exchange

Mar 27 2015
Here, we discuss a Section 1031 Exchange used for investment or business purposes (note: this is not applicable if used as a primary residence). Basic Rule: IRC Section 1031 provides an exception and allows you to postpone paying tax on the gain if you reinvest the proceeds in similar property as...
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How to Deal with Student Loans

Jan 22 2015
It is a worst case scenario: you are out of school, but you haven’t found a job yet. You just received your first letter from your student loan servicing company, “welcoming” you as a customer, but all you see is the amount due – and you cannot afford it. It...
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Extension of Mortgage Debt Relief Act 2014

Dec 25 2014
Great news! Congress has (finally) passed a package of tax extensions approved by the U.S. House and Senate — currently headed to the President’s desk for signature — which includes important provisions that will help distressed homeowners and commercial property investors with transactions made during 2014. See original article here....
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Large Auto Accident Verdict

Nov 28 2014
This past Wednesday, a large $1.13 million verdict was reached in a lawsuit for an auto accident in Washington State. Our firm is lucky to be a part of the Washington State Association of Justice (WSAJ) and received the facts surrounding the case. The law firm and the plaintiff will...
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What is Subrogation?

Nov 01 2014
Subrogation is one of those legal terms that gets people’s heads spinning. Here, we try to simplify the term as best as possible. In the context of a lawsuit or claim, subrogation is essentially the means through which an insurance company, or any other party, steps into the shoes of...
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Negligence Laws at a Glance

Sep 02 2014
Negligence Defined Negligence is the failure to exercise an expected degree of care, leading to another individual’s injuries. For example, a motorist who fails to wear his glasses (as required by his driver’s license) and then causes an injury accident may be found negligent and thus, liable for the other party’s...
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