ask

Brian!

CALL 206.448.1011

Email

Trusts & Wills

Our Trust plans are also designed to reduce the tax burden for those who inherit your estate

Currently the Estate tax rates from the State of Washington are between 16% and 34% for estates over $3 million. We can lower the tax burden by preparing a Completed Gift Trust and an Inherited Retirement Account Trust. We recommend meeting annually to proactively plan and maximize your tax savings year after year, ensuring you stay ahead of any changes in the tax law and make the most of every opportunity.

Revocable Living Trust and Will Plan Gold Package

Goal: To create a succession plan (for Estates under $3 million for families with community assets and separate assets)

Who is this plan going to help?

  • Families with both Community and Separate Assets above $3 million with the following goals:
  • Create a Trust for Community Property to be controlled by the Marital Community
  • Create Separate Trusts for each Spouse to keep assets separate and control inherited
  • Minimizing Tax on Inherited Retirement Accounts, Capital Gains Tax, Trust Administration and Probate costs.

What difficulties is this plan designed to resolve?

  • This Plan is designed to resolve the following difficulties:
  • Preserve the Status of Community Property and Separate Property
  • Protecting Assets for the family while maintaining control of assets
  • Protecting your estate from Washington Estate Tax rates of 10% to 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

WHAT ARE THE BENEFITS OF THIS PLAN?

The Benefits of this Plan are:

  • A Trust for Community Property which will be controlled by the Marital Community
  • A Separate Trust for each Spouse to Control or Inherited Assets or Separate Assets acquired before marriage
  • Minimizing Washington State Estate Tax by creating marital trust and by-pass trust
  • 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

Revocable Living Trust and Will Plan Silver Package

Goal: To create a succession plan (for Estates under $3 million for families who chose not to separate their assets)

Who is this plan going to help?

  • Families with both Community and Separate Assets above $3 million with the following goals:
  • Create a Trust for Community Property to be controlled by the Marital Community
  • Protect Assets for future generations
  • Minimizing Washington State Estate Tax
  • Minimizing Tax on Inherited Retirement Accounts, Capital Gains Tax, 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% to 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

WHAT ARE THE BENEFITS OF THIS PLAN?

The Benefits of this Plan are:

  • A Trust for Community Property which will be controlled by the Marital Community
  • A Separate Trust for each Spouse to Control or Inherited Assets or Separate Assets acquired before marriage
  • Minimizing Washington State Estate Tax by creating marital trust and by-pass trust
  • 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

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.

Get Started