Advanced Tax Planning
Smart and Simple: Everyday Capital Gains Tax Strategies
Smart and Simple: Everday Capital Gains Tax Strategies Not every capital gains tax strategy requires complex trusts or irrevocable planning. Some of the most effective techniques are surprisingly simple and can be implemented by anyone with appreciated investments. These foundational strategies can save thousands of dollars annually and millions over time—all while maintaining complete control...
Protecting Your Legacy: How Non-Grantor Trusts Shield Washington Families from Capital Gains Tax
Protecting Your Legacy: How Non-Grantor Trusts Shield Washington Families from Capital Gains Tax Imagine being able to sell millions of dollars in appreciated stock and pay zero Washington state capital gains tax—legally and permanently. For many high-net-worth Washington residents, this isn't just a dream; it's an achievable reality through the strategic use of non-grantor trusts. While this...
Washington’s Capital Gains Tax: What Every High-Net-Worth Resident Needs to Know
Washington's Capital Gains Tax: What Every High-Net-Worth Resident Needs to Know If you're a Washington resident with significant investments, you've likely heard about the state's capital gains tax. What started as a controversial new levy in 2022 has now become a permanent fixture of Washington's tax landscape, surviving both constitutional challenges and voter repeal efforts. Here's what you...
Turn Your Tax Problem into Your Legacy: Charitable Remainder Trusts and Capital Gains
Turn Your Tax Problem into Your Legacy: Charitable Remainder Trusts and Capital Gains What if you could eliminate a million-dollar tax bill, create a substantial lifetime income stream, generate an immediate tax deduction, and leave a meaningful charitable legacy—all with a single strategy? For philanthropically-minded Washington residents with significant appreciated assets, Charitable...
Maximizing Estate Tax Benefits with a Disclaimer Trust in Washington State
Maximizing Estate Tax Benefits with a Disclaimer Trust in Washington State Estate tax planning is essential for managing assets and ensuring beneficiaries receive the maximum inheritance. In Washington State, where the estate tax exemption is not portable, a disclaimer trust can be a powerful tool to reduce estate taxes and offer flexibility to the surviving spouse. Washington State Estate Tax...
Proposed Changes to Washington State Estate Tax: What You Need to Know
Proposed Changes to Washington State Estate Tax: What You Need to Know Washington State is considering significant updates to its estate tax structure, with House Bill 2019 (HB 2019) and House Bill 1375 (HB 1375) currently under review. These proposed changes could impact estate planning strategies, particularly for high-net-worth individuals. Below, we outline the key provisions of these...
Introducing the Washington Gift Trust for Your First Advanced Planning Strategy
Introducing the Washington Gift Trust for Your First Advanced Planning Strategy For Washington residents, estate planning involves unique tax considerations. Unlike federal guidelines, Washington State sets a much lower threshold for estate taxes, which can apply to estates far smaller than the federal exemption level. This discrepancy means that many families may face unexpected state estate...
Anticipating an Inheritance? A Guide to Making Informed Decisions
Anticipating an Inheritance? A Guide to Making Informed Decisions Receiving an inheritance can be a bittersweet experience, bringing a mix of emotions and numerous financial decisions. This guide aims to help you through this complex process, ensuring that you understand the critical aspects of probate, non-probate assets, and the implications of receiving an inheritance in various forms. ...
When To Gift: Understanding the Subtleties of Strategic Timing in Estate Planning
When To Gift: Understanding the Subtleties of Strategic Timing in Estate PlanningEstate planning is a complex process, and it becomes even more intricate when considering the Washington State Estate Tax. While the federal estate tax is often the focus of estate planning discussions, for many Washington residents, the state estate tax is a more immediate concern. The Washington State Estate Tax...
Phone
(206) 547-1412
Click to Email
Seattle Office & Mailing Address:
1833 N 105th St, Suite 301
Seattle, WA 98133
Redmond Office:
Thinkspace Redmond
8201 164th Ave NE, 2nd Floor
Redmond, WA 98052