[WSBAPT] Washington estate tax exemption

[Thomas M. Culbertson]

Phil,

The WA exemption is tied to an index which ceased to exist in 2018, so DOR took the position that the exemption is no longer indexed for inflation.  The exemption last year was $2,193,000, it remains the same this year, and presumably will remain the same next year.  If the legislature did something about it this year, I'm sure someone on the list will let us know, but as far as I know the problem wasn't fixed this past legislative session.

Tom
________________________________________
THOMAS M. CULBERTSON  I  Lukins & Annis, PS
717 W. Sprague Ave, Suite 1600, Spokane, WA 99201
(509) 455-9555  I  fax (509) 363-2500  I  tculbertson at lukins.com<mailto:tculbertson at lukins.com>

From: wsbapt-bounces at lists.wsbarppt.com <wsbapt-bounces at lists.wsbarppt.com> On Behalf Of Philip N. Jones
Sent: Friday, September 13, 2019 2:06 PM
To: WSBA Probate & Trust Listserv <wsbapt at lists.wsbarppt.com>
Subject: [WSBAPT] Washington estate tax exemption

Does anyone know what the Washington estate tax exemption will be in 2020?
Or does that not come out until November?
Phil Jones


Philip N. Jones |Duffy Kekel LLP
900 S.W. Fifth Ave., Suite 2500, Portland OR 97204
(503) 226-1371 (main)| (503) 226-3574 (fax)
pjones at duffykekel.com<mailto:pjones at duffykekel.com>

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