In Washington State, there are two taxes that you are potentially facing. There’s a Washington State tax and the federal state tax. The Washington State tax starts at 2.129 million.
In Washington State, there are two estate taxes that can potentially be imposed on you. It doesn’t mean you get taxed twice, it just means that there are two levels.
There is a way to eliminate probate from many or almost all of your assets. That is by creating non-probate sort of structures to take care of them. Non-probate assets.
The first limitation is ‘it does not eliminate probate’. In Washington State, eliminating probate is not a big deal. The fees are not based on the percentage of assets. It’s.
Everyone has an estate plan even if you haven’t created one yet. If you haven’t created your own, the government is going to create or has created one for you..
Most people think estate planning is just taking care of things when you die. Most people would be wrong. On this episode of Estate Planning TV I’m going to talk.
Estate planning is not just about distributing your assets to the next generation. It can be so much more. With a well thought out estate plan you have the opportunity.
Choosing a trustee is often a difficult problem for my clients. They want someone they can trust, someone that is organized, and someone that actually wants to do the job..