If you have an estate that may exceed $2,193,000 (2019) you may face Washington estate taxes upon your death. If your estate exceeds $11,400,000 (2019) your estate may face both a Washington estate tax and a Federal estate tax when you pass away. These taxes can sometimes exceed half the value of the estate if no tax planning is implemented.
We can help you develop an estate plan that reduces estate taxes so you can pass on a greater portion of your estate to your heirs. Planning ahead by creating a proper estate plan can greatly reduce the size of the estate tax. Rehberg Law Group can help you reduce estate taxes using many different techniques including:
- Qualified Personal Residence Trusts (QPRTs)
- Grantor Retained Annuity Trusts (GRATs)
- Intentionally Defective Grantor Trusts (IDGTs)
- Irrevocable Life Insurance Trusts (ILITs)
- Marital Trust Planning
- Generation Skipping Trusts
If you would like to learn more about these tools and different strategies for estate tax avoidance, please call Rehberg Law Group at 206-246-8772 to schedule an appointment.