R. Thomas Olson advises clients with respect to formation of business entities and... more
R. Thomas Olson advises clients with respect to formation of business entities and the appropriate form in which to conduct business. He also handles legal matters that businesses encounter in their operations. His practice includes ownership transition and estate planning for the principals of closely held businesses. Tom’s clients include design professionals, as well as a variety of clients ... view profile
I've written a book entitled, "Smart Estate Planning in Washington--What You Really... more
I've written a book entitled, "Smart Estate Planning in Washington--What You Really Need to Know." For more information, you can preview it at www.waltar.com Mr. Waltar was born in Boston, Massachusetts but grew up in eastern Washington. He moved to Seattle in 1980 to attend college where he graduated from Seattle Pacific University, cum laude, earning dual degrees in English Literature an... view profile
I am a father of five wonderful children. I have been married to my beautiful wife... more
I am a father of five wonderful children. I have been married to my beautiful wife for 11 years. I enjoy working on various projects in and out of the house. This of course, is much to the chagrin of my wife, who patiently bears with me and then helps me call someone, who knows what they are doing, to come fix myfix later on.
A trust is an arrangement whereby someone owns and manages money or property for another person's benefit. Like a guardianship, a trustee has decision-making authority over the trust property, but no court is involved in the trustee's action–the person who creates the trust defines the scope of the trustee's power. There are many different trust types, including probate trusts, income trusts, spendthrift trusts, and educational trusts. For example, a living trust allows you to manage your property while you are alive and to direct who will manage it if you become incapable of doing so. In essence, you choose your own “guardian” in advance and avoid having the court do it for you. A trust attorney reviews the many reasons for establishing a trust with you, and can ensure your trust will be legally valid.