• When Should I Review my Will?

    Too many people draft their last will and testament1 and then simply forget about it or do not revisit the matter for decades. Little do they know that if they pass away suddenly, an out-of-date will can cause numerous issues for surviving family members. Many things may change over time and require changes to a will of which you did not consider. For this reason, you should always have an experienced trusts, estates, and probate attorney assisting you with your estate planning and letting you know when the time comes for review and possibly revise your will or trust. At the Dickson Frohlich, our probate attorneys will always advise you on a good time to reevaluate your estate plan, so please contact us today in Seattle at (206) 621-1110 or in Tacoma

  • Stay off Social Media during your Divorce

    These days, almost everyone has a social media presence. Whether you use Facebook, Twitter, Instagram, Tumblr, or any other similar site, the information that you post can often be seen by a large number of people. If you are going through a divorce, you should always be extremely careful about anything you post on any type of social media, and the best bet is often to avoid posting anything at all until your divorce is finalized. How social media can be used against you Especially in a contentious divorce, your spouse may be looking for evidence to use against you so he or she can receive a better outcome. Because many of us share a substantial amount of information online, social media profiles are often gold mines for divorcing spouses. Social medi

  • Should I Participate in the Foreclosure Mediation Program?

    A few years ago, the Washington legislature passed the Foreclosure Fairness Act that, in turn, created the state foreclosure mediation program. This program provides certain options for homeowners who are facing the threat of an impending foreclosure and gives them a chance to try to keep their home. Though the law does allow these new options for homeowners, anyone facing foreclosure in Washington should contact an experienced real estate attorney in Seattle or Tacoma as soon as possible. The lawyers at the Dickson Frohlich can inform you of your rights and options and will work to help you keep your house, so call today at (206) 621-1110 or (253) 572-1000 for help. What is the Mediation Program? The program gives homeowners certain rights if they ar

  • Foreclosure and Tax: What are the pitfalls?

    A question recently arose when dealing with a client facing the loss of a distressed property: “how am I taxed if I should allow the property to go through the foreclosure process? Am I taxed on the balance of the loan that is not collected as a result of the foreclosure.” The short answer is that yes, you’re probably exposed to some tax liability. (This also goes for short sales and deeds-in-lieu of foreclosure when the bank elects to waive whatever deficiency it could have obtained.) Typically, when debt is cancelled by a creditor, it results in ordinary income to the debtor. For instance, if you owe someone $50,000 and they simply forgive that debt, then you’ll be responsible for income of $50,000 for the year that the forgiveness took place

ARTICLE ARCHIVE