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Estate Planning Packages

Washington Elder Law has a package for every size of estate

Let’s get your estate in order. Protect your beneficiaries and reduce taxes on your estate with our three estate plan packages.

Estate Plan Gold Package

Goal: To Reduce Washington State Estate Tax And Federal Income Tax For Estates Above $3 Million And Create An Asset Protection Trust For Your Beneficiaries

Who is this plan Designed to help?

Families with Assets in Excess of $3 million with the following goals:

  • Protect Assets for the present generation and future generations
  • Minimizing the Washington State Estate Tax
  • Minimizing Tax on Inherited Retirement Accounts
  • Minimizing Capital Gains Tax
  • Minimizing Trust Administration and Probate costs

What difficulties is this plan designed to resolve?

This plan is designed to resolve the following difficulties:

  • Protecting Assets for the family while maintaining control of assets
  • Protecting your estate from Washington Estate Tax rates of 10% – 35%
  • Protecting your retirement account from Washington Estate Tax and Federal Income Tax
  • Protecting estate from capital gains tax by planning for tax basis step-up
  • Simplifying the administration of your estate creating a plan

What are the benefits of this plan?

The benefits of this Plan are:

  • Protecting your assets
  • Minimizing Washington State Estate Tax
  • Minimizing Tax on Inherited Retirement Accounts
  • Minimizing Capital Gains tax by Optimizing Tax Basis Step-up on inherited assets
  • Coordination with Financial Advisors to simplify the administration of your estate
  • Coordination with Certified Professional Accountants to minimize income and estate taxes
  • Coordination with family members to protect assets for the next generation

Estate Plan Silver Package

Goal: To Create a Plan to Reduce Federal Income Tax for Estates Under $3 Million

Who is this plan Designed to help?

Families with Assets Under $3 million:

  • Families with the Goal of Protecting Assets for your beneficiaries
  • Families who may be subject to the Washington State Estate Tax in the future because their estates are expected to rise above $3 million.
  • Families with the goal of Minimizing Tax on Inherited Retirement Accounts.
  • Families with the goal of and Optimizing the Tax Basis Step Up.
  • Families with the goal of Minimizing Trust Administration and probate costs.

What difficulties is this plan designed to resolve?

This plan is designed to resolve the following difficulties:

  • Asset Protection
  • Tax Reduction
  • Washington State Estate Tax if you may be subject to this tax in the future
  • Tax on Inherited Retirement Accounts
  • Optimizing the Tax Basis Step Up
  • Simplification of Administration of Plan
  • Plan designed to protect your Assets.
  • Plan designed to minimize taxes on Inherited Retirement Accounts.
  • Plan designed to optimize Tax Basis Step up to reduce capital gains tax on sale of assets by beneficiaries.
  • Plan designed to include meetings with Certified Professional Accountants to review your tax plan.
  • Plan designed to minimize trust administration and probate costs.
  • Plan designed to keep your affairs private.
  • Plan designed to allow your family to retain control of the management and investment of assets.
  • Plan designed to include instructions in Will, Power of Attorney and Health Care Directive that are in Sync with Trust.
  • Plan designed to allow you to change your mind regarding your managers, trustees, and beneficiaries.
  • Plan designed to include meetings with Financial Advisors with the goal of opening accounts for the trusts, updating account beneficiary designations and preserving your assets according to your goals.
  • Plan designed to include Meetings with family members to discuss how your plan can be administered in a way that meets your goals and the goals of the next generation.

What are the benefits of this plan?

The benefits of this Plan are:

  • The creation of a plan designed to protect your Assets.
  • The creation of a plan designed to minimize taxes on Inherited Retirement Accounts
  • The creation of a plan designed to minimize the Washington State Estate Tax if you may be subject to this tax in the future.
  • The creation of a plan designed to optimize Tax Basis Step up to reduce capital gains tax.
  • Meetings with your Certified Public Accountant or Tax Advisor to review your plan.
  • Meetings with your Financial Advisors with the goal of opening accounts for the trusts, updating account beneficiary designations and preserving your assets according to your goals.
  • Meetings with family members to discuss how your plan can be administered as simply as possible in a way that meets your goals and the goals of the next generation.

Estate Plan Bronze Package

Goal: Create A Plan to Protect Your Beneficiaries

Who is this plan Designed to help?

  • Families with the goal of Minimizing Trust Administration and probate costs.  This plan is not structured to protect assets.    

What difficulties is this plan designed to resolve?

This plan is designed to resolve the following difficulties:

  • Simplification of Administration of Plan 
  • Plan designed to keep your affairs private.
  • Plan designed to allow your family to retain control of the management and investment of assets.
  • Plan designed to include instructions in Will, Power of Attorney and Health Care Directive that are in Sync with Trust.
  • Plan designed to allow you to change your mind regarding your managers, trustees, and beneficiaries.
  • Plan designed to include meetings with Financial Advisors with the goal of opening accounts for the trusts, updating account beneficiary designations and preserving your assets according to your goals. 
  • Meetings with family members to discuss how your plan can be administered in a way that meets your goals and the goals of the next generation. 

What are the benefits of this plan?

The benefits of this Plan are:

  • Meetings with your Certified Public Accountant or Tax Advisor to review your plan.
  • Meetings with your Financial Advisors with the goal of opening accounts for the trusts, updating account beneficiary designations and preserving your assets according to your goals. 
  • Meetings with family members to discuss how your plan can be administered as simply as possible in a way that meets your goals and the goals of the next generation. 

The kind of results that we achieve happen through experience, attention to detail, and a tailored approach to each family. Washington Elder Law has developed a system for your family that makes it as easy as possible to get through the process.

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