Recent News

Real estate investors regularly purchase investment property in their name and transfer the property to a wholly owned LLC after closing the purchase. In this case, on purchase, the “insured” is a person for title insurance. What happens to title insurance once the investor transfers the property to their LLC? This question was addressed in… Read More

March 25th, 2021 Matthew J. Cruz, Per E. Oscarsson, and Sarah C. Smith discuss when the probate process is required and when it is not required. Read More

EDMONDS, WA, (March 22, 2021) – Edmonds-based full-service law firm Beresford Booth announced today that its managing partner, David C. Tingstad, was elected to the Board of Directors for Mountain Pacific Bank. “I am honored to serve on the Board for Mountain Pacific Bank,” said Tingstad. “I look forward to contributing to the management of an… Read More

In last week’s blog, I discussed restrictions on the transfer of shares in a shareholder agreement. This week, taking it a step further, I will discuss certain transfer restrictions discussed in a recent Washington Court of Appeals Case: Hammond v. Everett Clinic, PLLC, No. 80772-2-I, 2021 WL 961130 (Wn. App. Mar. 15, 2021). Case Dispute… Read More

There are many personal reasons why people may wish to be in a live-in romantic situation without being married. But if you think you are avoiding the legal and property complications of marriage…  think again. Even though “common law marriage” is not a thing in Washington, there may be surprise shifts in money between you… Read More

March 18th, 2021 David C. Tingstad discusses business succession planning with Grund Painting Tatley-Grund President Stacey Grund. Read More

Corporations are creatures of statute, contrary to LLCs, which are creatures of a contract.  I have written extensively about the need for a carefully crafted LLC agreement, but have not written much about the need for shareholders in a closely held corporation to have a carefully crafted shareholder agreement. Shares of stock are generally freely… Read More

We finally have an answer as to whether vested and delivered Restricted Stock Units (RSUs) should be included as income when calculating child support, and the answer is YES, according to the WA State Court of Appeals, Division 1. First, what are RSUs? “Restricted stock units (RSUs) are a form of equity-based compensation consisting of… Read More

Although perhaps unfamiliar with the dynamics of real property law, many in the general public often have an ingrained concept of adverse possession, a notion that the property that they have used for so long should belong to them no matter what a survey might show (discussed in a previous blog post here). Along with this… Read More