As we move into spring, recent legislative changes have once again adjusted aspects of Washington’s estate tax laws, underscoring how frequently these rules can shift over time.
On March 20th, I had the opportunity to serve as a Group Leader in the drafting session for the King County Bar Association’s “Estate Planning for the 99%” continuing legal education course. The program focused on planning considerations for clients whose estates are not subject to estate tax. Our group had a particularly lively discussion around how to ensure pets are well cared for when there are no obvious caregivers available!
That conversation felt especially fitting this year, as our own “Office Morale Leader,” Roger, celebrated his 17th birthday in February. While, despite his senior status, Roger continues to take his role very seriously, it was a good reminder of how important it is to plan for all members of the family – pets included.
If it has been some time since you last reviewed your estate plan, it may be worthwhile to revisit it in light of recent changes. Please reach out if we can help.
We’ll be back in touch in the fall!
As always, I would love to hear your questions and comments. If you have any questions about our firm and the work we do, please contact us or visit our website.
Recent Updates from Our Blog
The Rollercoaster of Washington’s Estate Tax
Just when it seemed like things had settled, Washington’s estate tax laws have shifted again. Stacey outlines the latest legislative changes and what they mean going forward.
Estate Planning Considerations for Blended Families in Washington – Part I
Blended families bring added layers to estate planning. Marisa walks through how remarriage, stepchildren, and community property laws can shape outcomes – sometimes in ways that don’t match your intentions.
Estate Planning Considerations for Blended Families in Washington – Part II
Picking up where Part I left off, Marisa focuses on strategies to balance the needs of a surviving spouse and children from prior relationships. A little planning here can help avoid a lot of tension later.
The Perils of Ignoring Personal Property
It’s easy to focus on the big assets – but Stacey reminds us that personal property can be just as meaningful, and just as contentious. A bit of clarity now can prevent disagreements down the road.
Probates for Profit: The Final Judgment
After months of litigation, a Washington court has issued its final ruling on “probates for profit.” Marisa breaks down the outcome and why naming the right fiduciaries still matters – perhaps more than ever.
Washington Considers New Law to End “Probates for Profit”
Concerns over “probates for profit” have prompted proposed legislation in Washington. Marisa outlines how the bill aims to close gaps and add protections for estate beneficiaries.
Rob Reiner and the Slayer Statute
A high-profile case involving Rob Reiner offers a look at how “slayer statutes” operate. Stacey explains how these laws prevent someone from inheriting under extreme circumstances.
A new year brings a few updates worth noting. Stacey offers a brief overview for those wondering whether their current plan still aligns with the landscape ahead.
Pregnancy and Health Care Directives: Lessons from Michigan and Washington
Health care directives don’t always operate the same way in every situation. Marisa looks at how pregnancy can affect their application, depending on state law.
The Underlying Complexity of Simplicity
The Uniform Custodial Trust Act (UCTA) was designed to simplify estate planning choices. But does it really do that? Stacey takes a closer look.
Beyond the Basics: How UCTA Relates to UTMA
Uniform Transfers to Minors Act (UTMA) accounts may be familiar, but they aren’t the only option. Marisa compares them with Washington’s new custodial trust law and highlights where added flexibility can make a difference.
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