What are Farm-Ins and Farm-Outs?

Oil and natural gas are two of the most important resources that are used in energy production today. To produce the required heat and power, massive amounts of these resources need to be removed from the earth each day. Once oil or natural gas are found on a piece of land, a company will either purchase the land outright, or simply purchase the right to drill on the land to acquire the resources. Performing the Read More

Understanding How Divorce Impacts Your Estate Plan

When you divorce in Washington state, you can expect to make a lot of personal and financial changes. Many of them will involve any estate plan that you have in place. In this blog, we’ll explain how divorce affects common estate planning tools and what steps you can take to ensure that they reflect your new circumstances.  Wills Under Washington law, all provisions in your will made in favor of your former spouse Read More

What is a Trust and Why Do You Need One?

Trusts are an essential estate planning tool. Many people think they only need a will in their estate plan, but that’s simply not true. In today’s blog post, we’re explaining  what a trust is and why you may need one. What is a trust? A trust is a legal vehicle through which you can grant someone you trust (who will be referred to as the “trustee” in this arrangement) the authority to control and manage assets on Read More

Mineral Interest Management for Families 101

Many families in the Oklahoma and Texasarea  have accumulated ownership of minerals over the years. Many of these families adhere to the old adage “never sell your minerals” resulting in mineral ownership in various amounts over several generations. As older family members die holding mineral interests, passing those minerals on to the next generation can present several issues and problems going forward. In today’s Read More

What is a Buy-Sell Agreement?

Starting a business venture is always an exciting prospect. However, you need to take measures to legally protect yourself and your business as it grows, especially if you intend to co-own your business with someone else.  A buy-sell agreement can be extremely beneficial for co-owners of a business. It puts a plan in place to be used if either owner’s circumstances change and will not be an owner of the company. What Read More

4 Considerations for Easements and Right of Ways

It is not uncommon for property owners, residential and commercial, to allow a specific person, group of people, or a company to use or enter their property for a specific purpose. The right to use or enter property of another is called an “easement.” An easement is created by an agreement between two parties or is acquired from use over time. An example of an easement is when the utility company has permission to Read More

Top Three Contract Mistakes to Avoid

At Robertson & Williams, we often find ourselves cleaning up legal messes caused by unclear or otherwise bad contracts. That’s why we encourage all business owners (and anyone else who uses a contract) to review their contracts with an attorney before signing or asking someone else to sign. Contract disputes can be costly and time-consuming. You will save time and money in the long run by reviewing contracts with Read More

Force Majeure

On March 11, 2020, the World Health Organization declared the worldwide spread of COVID-19 a pandemic. On March 13, 2020, President Trump declared the COVID-19 pandemic a National Emergency. To stop the spread of the virus, the federal and state governments have issued orders for people to stay home and for businesses to close. Many U.S. states are still under shelter-in-place orders while some are loosening their Read More

What You Need to Know About Filing an Income Tax Return for an Estate

After a loved one dies, you may be named the personal representative of their estate. If you are, it becomes your responsibility to pay the deceased person’s final taxes as well as taxes on their estate. In some cases this may include an income tax return. In today’s blog posts, we’re looking at the basics of how this process works and what you need to know to get started. Upon death, a person’s assets become Read More

Thank You

The threat of Covid-19 has brought social distancing, changes in our daily routines and uncertainty of when this will end. While we don’t know what will happen in the future, it is important to focus on what we can control. Spending more time at home, having quality time with our families and marking things off that to-do list are things that we can control and make us feel at ease. Home projects and yard work might Read More