[WSBAPT] Estate Planning for Single Person (Might Involve Estate Tax)

[Jay DeMers]

This kind of planning must be done with a CPA/CFP.  Jay

On Sat, Jul 29, 2017 at 3:23 PM, Erin Fairley <erin at leschilaw.com> wrote:

> I don’t see a need for any trusts unless client has out of state property
> or need for privacy. Disclaimer trust doesn’t work for single people.
>
>
>
> Suggestions:  gifting each year to reduce estate, donations to charity.
>
>
>
>
>
> *Erin Fairley* / Attorney
>
> erin at leschilaw.com / (206) 353-4625
>
> *Leschi Law, PLLC*
>
> 121 Lakeside Avenue, Suite B Seattle, WA 98122
>
> www.leschilaw.com
>
>
>
> The information contained in this e-mail message may be privileged,
> confidential and protected from disclosure. If you are not the intended
> recipient, any use, distribution or copying of this e-mail message or any
> attachment to it is strictly prohibited.
>
> --
>
>
>
>
>
>
>
> *From: *<wsbapt-bounces at lists.wsbarppt.com> on behalf of John Yip <
> johntyip at gmail.com>
> *Reply-To: *WSBA Probate & Trust Listserv <wsbapt at lists.wsbarppt.com>
> *Date: *Saturday, July 29, 2017 at 12:55 PM
> *To: *"WSBARP at lists.wsbarppt.com" <WSBARP at lists.wsbarppt.com>, "
> wsbapt at lists.wsbarppt.com" <wsbapt at lists.wsbarppt.com>
> *Subject: *[WSBAPT] Estate Planning for Single Person (Might Involve
> Estate Tax)
>
>
>
> Hello,
>
> Here is the hypothetical situation: Single person wants estate planning,
> and his estate may be slightly over the Washington State estate tax
> threshold.  He wants to leave his estate to multiple beneficiaries.
> However, he does not want an inter vivos trust.
>
> In that case, would a Will with disclaimer trust provisions make sense?
> Disclaimer trusts rely upon the Marital Deduction and the QTIP exceptions,
> which are unavailable to single persons, correct?  Also, wouldn't it be
> messy to set up a disclaimer trust when there are multiple beneficiaries,
> as some might not be willing to disclaim?
>
> If a Will with disclaimer trust provisions would not make sense for the
> above hypothetical, what are some alternatives I could use for the single
> person's estate planning other than to set up an inter vivos trust?
>
> Thanks,
>
> John
>
> _______________________________________________
> WSBAPT mailing list
> WSBAPT at lists.wsbarppt.com
> http://mailman.fsr.com/mailman/listinfo/wsbapt
>
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://mailman.fsr.com/pipermail/wsbapt/attachments/20170729/29b124e9/attachment.html>