[WSBAPT] Living Trust for Estate Tax Planning for a Single Person

[Bryce Dille]

I agree revocable trusts have been promoted by some as the end all in estate planning and  more clients then I care to count call and want revocable trusts or want to replace their present  estate planning thru testamentary provisions with a RLT because they have been told that it is the greatest thing since sliced bread when it comes to estate planning.

Bryce H. Dille | Attorney at Law
Dille Law, PLLC
P: 360-350-0270 | F: 844-210-4503
2010 Caton Way SW, Suite 101
Olympia, Washington 98502
www.dillelaw.com<http://www.dillelaw.com/>

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From: wsbapt-bounces at lists.wsbarppt.com <wsbapt-bounces at lists.wsbarppt.com> On Behalf Of Diane J. Kiepe
Sent: Friday, November 8, 2019 8:30 AM
To: WSBA Probate & Trust Listserv <wsbapt at lists.wsbarppt.com>
Subject: Re: [WSBAPT] Living Trust for Estate Tax Planning for a Single Person

Hello Josh,

First, I assume you are talking about a Revocable Living Trust which is what most  folks are referencing when they say “Living Trust”.  While you certainly can do tax planning provisions in such you can (and most of us here in WA do) use the same planning tools in a traditional Will.  Usually, in my practice, that is preferred.  The misconception for many is that Revocable Living Trusts somehow save taxes and provide some sort of creditor protection – this is not true for revocable trusts.

This is an area I love to dialogue about – feel free to call me if this is your first go round with this issue and I’ll share some thoughts – to many to type out.

All the best,


Diane J. Kiepe

Diane J. Kiepe
Douglas Eden
717 W. Sprague Ave.
Suite 1500
Spokane, WA  99201
djkiepe at depdslaw.com<mailto:djkiepe at depdslaw.com>
509-455-5300



From: wsbapt-bounces at lists.wsbarppt.com<mailto:wsbapt-bounces at lists.wsbarppt.com> <wsbapt-bounces at lists.wsbarppt.com<mailto:wsbapt-bounces at lists.wsbarppt.com>> On Behalf Of John Yip
Sent: Thursday, November 7, 2019 4:57 PM
To: wsbapt at lists.wsbarppt.com<mailto:wsbapt at lists.wsbarppt.com>
Subject: [WSBAPT] Living Trust for Estate Tax Planning for a Single Person

Can someone confirm whether a living trust can be used for Washington State estate tax planning for a single person?  If so, how do you structure the living trust to minimize Washington State estate tax?  Can a similar approach be used in a Will instead?

Thanks,
John Yip
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