[WSBAPT] Disclaimer to a Credit Shelter Trust

[Ralph Maimon]

Please reply to the list. Thanks.

Ralph Maimon
LAW OFFICE OF RALPH MAIMON, P.S.
2811 E. Madison Street, Suite 202
Seattle, WA 98112
(206) 323-0911 Office
(206) 462 1505  Fax
rmaimon at maimonlaw.com<mailto:rmaimon at maimonlaw.com>
www.maimonlaw.com

From: wsbapt-bounces at lists.wsbarppt.com [mailto:wsbapt-bounces at lists.wsbarppt.com] On Behalf Of Dewey Weddle
Sent: Tuesday, October 10, 2017 4:17 PM
To: wsbapt at lists.wsbarppt.com
Subject: [WSBAPT] Disclaimer to a Credit Shelter Trust

O wise ones,

Good grief.  I find myself once again in uncharted waters, and my hope is that those of you have navigated the shoals of Credit Shelter Trusts will help guide me to a safe harbor.

The surviving spouse of a revocable living trust (which I did not draft) contains a provision that allows the surviving spouse to disclaim assets to fund a Credit Shelter Trust in order to mitigate estate taxes.  I sent the surviving spouse to an accountant who recommended that she do that, as the estate is far in excess of the Washington state exemption (but well within the federal exemption).  I understand that the disclaimer must happen within 9 months of the death of the spouse.  The deadline is fast approaching.  Do any of you have a template for such a disclaimer that you would be willing to share?  And who receives a copy of this Disclaimer?  Does it have to be filed with the Court?  Anything else I should be aware of?  Normally I would research all of this, but as I said, the deadline is fast approaching.  Any help or advice is appreciated.

Best regards,

Dewey

Law Office of Dewey W. Weddle, PLLC
909 7th Street
Anacortes, WA 98221

Telephone  360-293-3600
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