Recent News

The “applicable exclusion amount” is the amount of a deceased person’s estate that passes free of Washington estate tax.  This differs from the unlimited marital deduction that applies when one spouse dies and transfers his or her interest in property to their surviving spouse.  In 2013, the state of Washington amended the statute concerning the… Read More

On March 27, 2020, the federal Coronavirus Aid, Relief, and Economic Stimulus Act (the CARES Act) was signed into law.  Part of the CARES Act provides for direct payments, called Economic Impact Payments, of up to $1,200 per adult and $500 per qualifying child under 17 depending upon family income.  Many people will receive their… Read More

The “basic exclusion amount” is the amount of a deceased person’s estate that passes free of federal estate tax.  This differs from the unlimited marital deduction that applies when one spouse dies and transfers all of his or her interest in property to the surviving spouse.  There is a basic exclusion amount for federal estate… Read More

Washington law allows a person to dispose of certain kinds of tangible personal property at their death in a writing separate from their last will and testament.  For purposes of the law, “tangible personal property” is defined as “articles of personal or household use or ornament,” such as furniture, furnishings, cars, boats, jewelry, art, and… Read More

A person’s Will does not usually deal with “non-probate assets.”  Non-probate assets are the rights and interests of a person in an asset that pass on the person’s death under a written instrument or arrangement other than the person’s Will.  Examples include property owned as joint tenants with right of survivorship, payable-on-death bank accounts, and… Read More

The “applicable exclusion amount” is the amount of a deceased person’s estate that passes free of estate tax. This differs from the unlimited marital deduction that applies when one spouse dies and transfers all of his or her interest in property to the surviving spouse. There is an applicable exclusion amount for federal estate tax… Read More

A lis pendens is a notice of a lawsuit involving title to a piece of real estate.  It is recorded in the real estate records of the county where the real estate is located and it puts the public on notice of the lawsuit.  It can result in potential buyers of the property and potential… Read More

In the midst of divorce proceedings, the effect of those proceedings on existing estate planning documents and whether the estate planning documents should be replaced are probably not high on a person’s list of things to consider.  Under Washington law, a Will signed during marriage that gives property or powers to a spouse is revoked… Read More

The state of Washington imposes a real estate excise tax on transfers of real estate, but exemptions from the tax are available for certain types of transfers.  One exemption has been for distributions from the estate of a deceased person to a will beneficiary when the estate involves probate of a last will and testament… Read More