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Federal Annual Gift Tax Exclusion for 2022

Washington State Estate Planning and Probate Lawyer Per E. Oscarsson | 11/29/2021
Federal law imposes a tax on gifts made in excess of a specific amount in a calendar year to a specific recipient (known as a “donee”).  That tax is usually paid by the donor (the giver) of the gift.  The specific amount is known as the annual gift exclusion.  For the past four years, the… Read More

Federal and Washington Estate Taxes for 2022

Washington State Estate Planning and Probate Lawyer Per E. Oscarsson | 11/29/2021
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

Granting Access To Your Digital Assets – Priority Of Directions; Disclosure

Washington State Estate Planning and Probate Lawyer Per E. Oscarsson | 8/31/2021
As I described in my previous post, Washington enacted the Revised Uniform Fiduciary Access to Digital Assets Act (RCW Chapter 11.120) (the “Act”) that allows a Washington user of digital assets (such as e-mail, social media, etc.) to provide directions giving, limiting, or denying a designated fiduciary access to their accounts.  The user can allow… Read More

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