[WSBAPT] QDOT Planning in Washington

[John J. Sullivan]

Assuming the $5 million is CP, he only has to convert $500K of his share to her SP. 

Yes. There is no gift tax. Make sure it's segregated and stays her SP. he can even put it in an intervivos QTIP if he wants to control ultimate disposition and protect from her creditors. 

John Sullivan

Sent from my iPhone

> On Apr 1, 2016, at 12:37 PM, Jacob Menashe <jacob at hickmanmenashe.com> wrote:
> 
> The situation: Husband is a US citizen. Spouse is not. They are Washington residents and have $5,000,000. Can Husband, during life, give Spouse $1,000,000, and thus avoid a Washington QDOT since his half of the $4,000,000 left will just be $2,000,000. I’m scratching my head and thinking the answer is yes, but I doubt if it’s that easy. (And realize that may be the tenor of the responses I get!) All responses though are appreciated!
>  
> Thank you,
>  
> Jacob Menashe
>  
> _____________________________
> Jacob H. Menashe
> Hickman Menashe, PS
> 4211 Alderwood Mall Blvd., Suite 202
> Lynnwood, WA 98036
> (425) 744-5658 phone
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> www.hickmanmenashe.com
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