Washington imposes its own estate tax, and for individuals and families with significant assets, proper estate planning can help minimize the tax burden and preserve more wealth for loved ones.

Washington imposes its own estate tax, and for individuals and families with significant assets, proper estate planning can help minimize the tax burden and preserve more wealth for loved ones. While many people assume estate taxes only affect the ultra-wealthy, rising property values, investment accounts, retirement savings, and business interests can cause an estate to exceed Washington’s exemption amount. Strategic planning tools such as Family Limited Liability Companies, lifetime gifting programs, charitable giving strategies, and specialized Trusts can help reduce estate tax exposure while ensuring your wishes are carried out. Because Washington’s estate tax laws are complex and subject to change, working with an experienced lawyer can help you develop a customized plan that protects your family and maximizes the legacy you leave behind.

If you have estate planning questions, give us a call at 253.858.5434 to see how we can be of service.