2011: Estate Planning in Washington State – The Good, the Bad and the Ugly
The Good News: Beneficial Changes to Federal Law for 2011 and 2012 After months of negotiations following the lapse of the Federal estate tax for 2010, Congress finally got around to enacting new...
View Article2011: Estate Planning in Washington Examples
The examples provided below are a follow up to a previous post regarding the current estate tax laws applicable to Washington State residents. The previous post can be found here. I have prepared the...
View ArticleEstate tax basics
With tax season upon us, I thought I would take just a moment to give a very brief overview of the estate and gift tax scheme at the federal and Washington state levels. The amount of any estate tax...
View ArticleWashington Trusts: Disclaimer Trust
A “Disclaimer Trust” is a estate planning technique used by married couples in order to reduce or eliminate the estate taxes (federal and state) due upon the death of the surviving spouse (the last...
View ArticleWashington Trusts: Credit Shelter Trust
A Credit Shelter Trust is an Estate Planning tool used by married couples specifically for the purpose of reducing estate taxes (or “death taxes”) due upon the death of the second spouse. The Credit...
View ArticleWashington State Estate Taxes
I am often asked about the taxes that could be levied on an estate by the IRS. While the federal estate tax can be significant for those with very large estates, changes to the law at the end of 2010...
View ArticleRecent local news articles on Estate Planning and Death Taxes
I would like to share a few local Washington state news articles related to estate planning and death taxes. I have talked about the current estate tax system for both Washington State Estate Taxes as...
View Article2012 Estate Planning: Gift tax opportunities for Washington residents
Due to current federal and Washington state gift and estate tax laws, along with uncertainty with respect to future changes in these tax rules, this year represents a potential once-in-a-lifetime...
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