A Disclaimer Trust can be a powerful tool in your estate planning strategy, offering flexibility and tax efficiency for your beneficiaries.

A Disclaimer Trust can be a powerful tool in your estate planning strategy, offering flexibility and tax efficiency for your beneficiaries. This type of Trust allows a surviving spouse or beneficiary to "disclaim," or refuse, part or all of an inheritance, which then passes directly into the Trust. By doing so, the disclaimed assets are typically excluded from the disclaiming party's estate for tax purposes, preserving them for future generations while potentially avoiding higher estate taxes. Disclaimer Trusts are particularly beneficial in uncertain tax environments, as they allow beneficiaries to make decisions based on the financial and tax circumstances at the time of the inheritance, rather than being locked into rigid plans. To ensure the Trust is properly structed and complies with IRS rules, it's essential to work with an experienced lawyer who can tailor the Trust to your specific needs and goals.

If you have questions about Disclaimer Trusts or any other aspect of estate planning, give us a call at 253.858.5434 to set up an appointment today. We represent clients throughout Washington and Idaho and are available to meet in person, by phone, or via video conference.