What is Asset Protection?

Today I’m kicking off the Asset Protection Podcast! Episode 01 starts at the very beginning by answer the basic question: what is asset protectionRead More

The Single Member LLC

The Limited Liability Company is a popular business entity because they are easy to run and reduce the personal liability of the owners. Not all LLCs are created the same, however. In most states, multiple member LLCs are afforded more liability protection than the single member LLC, or spoused-owned LLCs in some states. Read More

Spousal Lifetime Access Trust (SLAT)

In my previous video I talked about avoiding Washington estate taxes by gifting away assets if your net worth falls between $2-$5.45 million. Now many people don’t like the idea of giving away and losing control of their assets. That’s where a Spousal Lifetime Access Trust comes in. This type of asset protection trust gives you some additional options so the gifted assets are not lost in divorce or to creditors. Watch the video below for some information on these “SLATs.” Read More

Balancing Washington and Federal Estate Taxes

I recently had a conversation with a family interested in planning to avoid Washington estate taxes. This estate tax is also known as transfer tax or death tax. There is a currently a federal estate tax around $5.5 million and Washington estate taxes for estates above $2 million. People falling in between the $2-$5.5 million have an opportunity to avoid the Washington estate tax if some proper planning is put into place. Check out the video below for more. Read More

What if you were taken to the hospital and you couldn’t communicate with the doctors? Did you save an “In case of emergency” or “ICE” contact in your phone? Did you also set a password so people couldn’t get that information on your phone??

There’s an app on the iPhone that allows first responders to access all kinds of important medical and contact information all while your phone is locked down. That way if you are unable to speak for yourself-or type in your pin-people can get at that important information. Check out the video for more learning!

Colin Ley is a Seattle estate planning attorney. He is also the co-founder of LayRoots along with his wife, Shreya. 

Here’s part 3 of our guardian videos. When it comes to naming legal guardians, most attorneys stop at naming them in a Will. This is a mistake. Check out the video to learn why.

Colin Ley is a Seattle estate planning attorney. He is also the co-founder of LayRoots along with his wife, Shreya. 

This week’s video covers why you should choose and legally document long-term guardians for your children. Find out who will choose for you if you don’t get around to it.

Colin Ley is a Seattle estate planning attorney. He is also the co-founder of LayRoots along with his wife, Shreya. 

This week’s video covers the differences between long-term/short-term guardians and why you should name both for your kids. Check it out below.

Colin Ley is a Seattle estate planning attorney. He is also the co-founder of LayRoots along with his wife, Shreya. 

Business Owners Drinking with Lawyer-Humans – Ep. 05

Marketing is more than just a buzzword.  Find out why at our Lawyer-Humans site.

www.lawyerhumans.com

www.lawyerhumans.com

Also, you get a peak at the Moon Tower Inn.  If you are in Houston and need a good beer (I had their house magic brownie ale and a Back Pew Sweet Salvation).

When the Texans Failed to Score

I sat down with fellow attorney, Sam Mukerji, of the Mukerji Law Firm to drink Topo Chicos and talk about what personal injury law is.  His law firm is in the heart of midtown in Houston, TX.  It’s across from the Spec’s, which has an impressive wine and beer selection (Spec’s has all alcohol, but the wine selection is truly overwhelming).

 

Personal Injury (PI) attorneys are a misunderstood bunch.  People turn to PI attorneys often when they are really hurting and going through tough times.  Sam and the attorneys at his firm help bring a human element to their ilk.  Sam has always been a helpful and generous business owner and person within my community.  Over about 15 minutes, we talk about his family, starting a business, having family members pursue business endeavors later in life, and football (can you talk to someone from Texas without mentioning football?  It’s tough).

 

Topo Chicos are the sparkling water of choice for discerning Texans (this isn’t an ad, just an opinion…a correct opinion).  Check them out if you have a chance.   Check back OR contact me (shreya@layroots.com) if you want information about the Mukerji law firm St. Patrick’s Day party.

 

 

Video not your bag?  Please subscribe to our Audio-Only versions on Stitcher here or Itunes here.

You can also subscribe to our YouTube channel: here.

By the way, if you know of any cool business owners who might want to be interviewed or just have general feedback, let me know at shreya@layroots.com.

Holla at me on Instagram (@shreyley) or through our Facebook page (www.facebook.com/LayRootsLegal).

Business Owners Drinking with Lawyer-Humans – Ep. 03

Strangers in a Strange Land

This episode is coming to you from a real life microbrewery in Austin, TX!  My first introduction to Strange Land Brewery was meeting Tim Klatt through a friend during SXSW.  We went to his house, met his lovely family, and made us a platter of various pickled vegatables (sold as Hat Creek Pickle Company) and gave us tastes of beers-in-the-making.  SXSW is a magical time in Austin and this was certainly a standout moment.  I’m not a big pickle person, in general, but I can get into some pickled okra or some of the Texas Kraut that they make.

I was very excited about the beers because, as we talk about, they don’t conform to the over-hyped IPA’s. They just brew some really tasty beer.

Before we sat down to talk, I insisted on visiting the tasting room which is attached to the brewery and getting a tour of the facilities.  I used to be a chemical engineer (and still claim to be sometimes) so I can nerd out over the vats and batch processes and equipment used to make beer.  We don’t really talk about that on camera, but the tasting room was hopping (no pun intended), and I made a friend while sitting at the bar.

I got to try the Alemania, the Ploughshare Saison, a honey mead scotch ale blend, and then the Belgian Trippel.

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On camera, we drank the delicious Belgian Trippel at 10:30 in the morning – breakfast of champions.  Check out more pictures below the video.  And if you’re ever in Austin (like for SXSW), grab a burger at Hat Creek and get some beer from Strange Land Brewery.

 

 

 

Video not your bag?  Please subscribe to our Audio-Only versions on Stitcher here or Itunes here.

You can also subscribe to our YouTube channel: here.

By the way, if you know of any cool business owners who might want to be interviewed or just have general feedback, let me know at shreya@layroots.com.

Holla at me on Twitter (@layyourroots), Instagram (@shreyley), or through our Facebook page (www.facebook.com/LayRootsLegal).

 

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“Who should I name as my life insurance beneficiary?”

 

Colin Ley is a Seattle estate planning attorney. He is also the co-founder of LayRoots along with his wife, Shreya. 

Business Owners Drinking with Lawyer-Humans – Ep. 02

LayRoots & La Forêt Bakery & Mulled Coffee Rum Drinks

 

In this episode, I sit down with a wonderful business owner, Taryn Borges.  La Forêt Bakery not only brings to life her thoughtful and delicious creations for the Seattle population, but she also whips up delicious cocktails.

We spend the episode discussing entrepreneurship and music and how rum is delicious.  Our cocktail consists of Stumptown mulled coffee and a dark rum.  Although the holidays are over, the weather is still frosty and there’s nothing like a little rum and coffee to put some pep in your step and to warm your soul.

Her bakery is wholesale and catering only, so you can find the goods all over the city (good news for me since walking down to the coffee shop for a pick-me-up and an afternoon treat brings me joy).  Be sure to check back consistently because she uses fresh and local ingredients for her very seasonal menu.

Find the goods at Broadcast CoffeeCaffe Fiore, Vivace, Street Bean, the University of Washington Bookstore, and an expanding list of cafe’s.  Hope you enjoy the show!

 

Video not your bag?  Please subscribe to our Audio-Only versions on Stitcher here or Itunes here.

 

You can also subscribe to our YouTube channel: here.

 

By the way, if you know of any cool business owners who might want to be interviewed or just have general feedback, let me know at shreya@layroots.com.

Holla at me on Twitter (@layyourroots), Instagram (@shreyley), or through our Facebook page (www.facebook.com/LayRootsLegal).

Business Owners Drinking with Lawyer-Humans – Ep. 01

Annnnnd, we’re off!

 

Please indulge us.  In my first interview, I’ve managed to interview the elusive Chief Lawyer-Human of LayRoots – Colin Ley.  We discuss his punk rock roots, Rainier Beer, entrepreneurship, and are delightfully awkward throughout.

 

We hope you enjoy and stay tuned for our next episode featuring a scrumptious, Seattle-based bakery owner.

 

 

Video not your bag?  Please subscribe to our Audio-Only versions on Stitcher here or Itunes here.

 

You can also subscribe to our YouTube channel: here.

 

By the way, if you know of any cool business owners who might want to be interviewed or just have general feedback, let me know at shreya@layroots.com.

 

 

Business Owners Drinking with Lawyer-Humans

Welcome to Business Owners Drinking with Lawyer-Humans, the podcast, the video series.  It’s alive!

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The blog posts by Shreya Ley have often been an intersection of pop-culture, business, and the law and this new podcast is no different.  The title is a tip of the hat to Jerry Seinfeld’s “Comedians in Cars Getting Coffee” in all of its banal and descriptive gloriousness.

The concept is relatively simple: I, Shreya Ley, will interview a variety of entrepreneurs and business owners.  We will drink an adult beverage together – often one created (at least in part) by a local and/or small business.  We will discuss the business owner’s entrepreneurial journey and I will often ask them questions about pop culture.  You, the audience, will hopefully be introduced  to some new businesses to check out AND also some stories about how entrepreneurs can come from anywhere.

So far, the line-up includes a marketing company, a bakery, a law firm, and a fermenter.  More to come soon.

We’re providing you with an audio AND video version.  Pick your poison.  And enjoy!  (Starting in January).