Family Law

• Divorce
• Premarital Agreement
  No. Despite the name, buy-sell agreements have little to do with buying and selling companies. Instead, they are binding contracts between co-owners that control when owners can sell their interest, who can buy an owner's interest, and what price will be paid. These agreements come into play when an owner retires, goes bankrupt, becomes disabled, gets divorced, or dies -- in other words, a buy-sell agreement is a sort of prenuptial agreement between business co-owners. Mainly these agreements guide buyouts between the owners themselves; that's why we like to call them buyout agreements.

Business and Corporate Law

• Business Transactions
• Limited Liability Companies
  Services provided by the firm include the drafting of wills and trust documents, planning for future incapacity or death, minimizing asset exposure to creditors, evaluating the strategic role of life, disability and long term care insurance in business and estate planning, and the role of corporations, family limited partnerships and limited liability companies in transferring wealth and minimizing estate taxes.

Property Law

• Real Estate Litigation
  Mark K. Plunkett-Attorney at Law, PLLC, headquartered in Seattle, Washington, concentrates in estate and business planning, asset protection, wealth transfer, and real estate matters. Practicing for over 30 years in the greater Seattle area, Mr. Plunkett has handled thousands of real estate and business transactions covering the full spectrum of property transfer issues.
• Real Estate Transactions
  Focus on generating more business, leave the paperwork to us. As a highly experienced Real Estate Attorney who has handled thousands of real estate transactions, Mr. Plunkett realizes that many other Real Estate Professionals need help in the escrow coordination department, and he is here to fill that void. With so much work and effort required to keep everything coordinated, we make sure all the legal guidelines are met while at the same time not charging your clients an arm & leg in additional fees.
• Land Use and Zoning
  Transactional representations and facilitations have included golf courses, hotels, restaurants, night clubs, multi-unit apartment complexes, gas stations, hotels, strip malls, new construction, floating homes, cooperative apartments, and large acreage. Mr. Plunkett is skilled and experienced in handling transactions involving IRC 1031 tax deferred exchanges; LLC, trust and corporate documentation; and, transactions involving bankruptcy, foreclosure, tax, divorce and land use issues.

Trusts and Estates

• Estate Planning
  Estate planning involves many considerations and various legal devices to make sure your heirs (beneficiaries) receive your property according to your wishes.
• Wills
  Advance medical directives include living wills, health care powers of attorneys, and medical directives, and sometimes instructions about organ donations.
• Trusts
  Many kinds of trusts are available. Trusts may be classified by their purposes, by the ways in which they are created, by the nature of the property they contain, and by their duration. One common way to describe trusts is by their relationship to the trustor's life. In this regard, trusts are generally classified as either living trusts ("inter vivos" trusts), or testamentary trusts.
• Power of Attorney
  A durable power of attorney is a document that allows one person (the principal) to authorize another person (the attorney-in-fact or agent) to act on his or her behalf with respect to specified legal obligations even if the principal subsequently becomes incompetent. This document names the person(s) authorized to make decisions and specifies those decision-making powers it confers.
• Probate

Finance Law

• Bankruptcy
  In the worst case scenario, a bankruptcy trustee could liquidate the business (sell all of its assets) and take half to pay the bankrupt owner's debts. To prevent a business from getting tied up in bankruptcy court, the owners can sign a buy-sell or buyout agreement that requires a co-owner who faces bankruptcy to notify other co-owners before filing. Under the terms of this agreement, this becomes an automatic offer to sell the bankrupt owner's interest back to the other owners. The buyout money goes to the bankruptcy trustee and the business can proceed without difficulties.
• Foreclosure
• Tax Law
  It also should be recognized that the laws governing trusts and their taxation are complex and subject to change. As an example, under the Tax Reform Act of 1986, income earned in a trust which has a beneficiary under the age of 14 will be taxed at that beneficiary's marginal tax rate. This is a significant departure from prior tax law, which provided that such income be taxed to the child at his or her own tax rate, often resulting in little or no tax being due.