Recent News

Trust Establishment and Litigation

Washington State Litigation Lawyer Babak Shamsi | 2/14/2022
The trust is one of the most popular tools in estate planning.  Generally speaking, a trustor (also sometimes known as a settlor or grantor) establishes a trust for the benefit of one or more beneficiaries (the parties benefitted by the trust).  A trustee (who controls the trust property) then administers the trust for the benefit of those… Read More

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