Many individuals do not realize that in addition to the annual $14,000 gift tax exclusion there are also unlimited gift tax exclusions for the payment of certain qualified tuition and medical expenses. Jenna Ichikawa explains how the exemptions work.
This week the U.S. Department of Labor issued proposed regulations that would broaden overtime pay to raise the minimum salary threshold required to qualify for the Fair Labor Standards Act's "white collar" exemption to $50,440 per year, with the anticipated result of making nearly 5 million more people eligible for overtime who are currently exempt.
Large retail chains and financial institutions are not the only entities at risk when it comes to data breaches; small businesses are just as vulnerable to large-scale security breaches of their information technology systems. Olivia Gonzalez explains a business' requirements under Washington's updated data breach notification law.
On July 24, 2015, Washington law will permit individuals to create what are commonly called "directed trusts." Katie Groblewski explains how these trusts work.
In the event that you become incapacitated, an agent designated under your power of attorney must step into your shoes to manage your property for your benefit. Jenna Ichikawa explains that accessible and organized financial records will assist your fiduciaries with doing their jobs seamlessly and efficiently.
Tom Lerner discusses the policy considerations and effects of physician noncompete restrictions, including legislation considered this session that would have limited their enforcement.
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