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Spokane Estate Planning, Elder Law & Probate Lawyer
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Category Archives: Estate Tax Planning

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Three Ways to Save on Washington Estate Taxes

By Moulton Law Offices, P.S. |

The estate tax in Washington is among the highest in the country. The amount of estate taxes range from 10 to 20 percent and they increase depending on the value of the estate. Unlike other states, though, Washington does not have an inheritance tax. An inheritance tax is placed on the beneficiaries of the… Read More »

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credit shelter trust

What is a Credit Shelter Trust? Do I need One?

By Moulton Law Offices, P.S. |

Simply put, a Credit Shelter Trust , also called a bypass trust or exemption trust, is a valuable tool used in estate planning in Washington State. Its primary function is to help mitigate the federal & state estate taxes that can often significantly burden a deceased person’s estate. In this article, we will dive… Read More »

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washington state estate taxes

How to Avoid Washington State Estate Tax in 2024

By Moulton Law Offices, P.S. |

If you leave behind more than $2.193 million when you die, your estate might owe  Washington State estate tax. If you’re a resident of Washington and your estate is valued at more than $2,193,000 (for deaths occurring in 2023), then be aware that you may need to pay the separate state-level Washington Estate Tax…. Read More »

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Washington State Estate Tax 2022

Washington State Estate Tax Exemption for 2023

By Moulton Law Offices, P.S. |

Remind me, does Washington have an inheritance or estate tax? Washington does not have an inheritance tax, but there is a  Washington State Estate Tax . Estate tax rates in Washington state are progressive, ranging from 10% to 20%. The estate tax in Washington applies to estates with a value of $2.193 million and… Read More »

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washington state estate tax

Reduce Your Washington State Estate Taxes for 2020

By Moulton Law Offices, P.S. |

An estate tax is a tax on your assets when you pass away. The IRS has determined that for 2020, federal estate tax generally only applies to accrued assets beyond $11.58 million in value. Most existing estate tax rates range from around 18% to 40%. The cut-off for Washington State Estate Tax 2020 is… Read More »

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Retirement Tips

Ready to Retire? Consider These 3 Retirement Tips

By Moulton Law Offices, P.S. |

To protect yourself from some of life’s unexpected surprises, we’ve detailed several retirement tips you can use ahead of your decision to stop working. Starting at 10 years prior to your last day of work, five years before, and then one year prior to your retirement date. Some of the biggest threats to your… Read More »

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Financial Advisory, Corporate Tax Planning or Optimization

Washington State Estate Tax Guide for 2021 – Moulton Law

By Moulton Law Offices, P.S. |

So, do we have a Washington State Estate Tax or Inheritance Taxes? Washington definitely does have an Estate Tax, however it does not collect an Inheritance Tax. Amidst the general election in Nov 1981, voters overturned our inheritance tax and passed the estate tax. This switch from the inheritance tax to an estate tax… Read More »

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