[WSBAPT] by-pass trust

[Josh Grant]

Thank you Diane.
I will call you next week.

Josh

Joshua F. Grant

P. O. Box 619
Wilbur, WA 99185
509 647 5578

From: Diane J. Kiepe 
Sent: Friday, April 03, 2020 12:27 PM
To: WSBA Probate & Trust Listserv 
Subject: Re: [WSBAPT] by-pass trust

Josh,

 

It could – you would want to put traditional qtip language in (no principal to anyone) if you plan to make a federal qtip and 0% qtip at death of first for a second step-up on the death of the survivor.  If this is your first time with this issue, I’d be glad to chat with you regarding issues related to state/federal qtip; Washington only by-pass; income tax play/estate tax play.

 

Best,

 

 

Diane J. Kiepe

 

Diane J. Kiepe

Douglas Eden

717 W. Sprague Ave.

Suite 1500

Spokane, WA  99201

djkiepe at depdslaw.com

509-455-5300

 

 

 

From: wsbapt-bounces at lists.wsbarppt.com <wsbapt-bounces at lists.wsbarppt.com> On Behalf Of Josh Grant
Sent: Friday, April 3, 2020 11:26 AM
To: wsbar trust <wsbapt at lists.wsbarppt.com>
Subject: [WSBAPT] by-pass trust

 

Client couple w/  $3,000,000 estate.

They want  to have each’s will put their community 1/2 in a trust with interest only to the spouse.  No right to invade principle.They also want to have SS be trustee for him or herself.

Will that work as a marital deduction trust, even though trustee for themselves because no right to invade Principle?

THanks.

Josh

 

Joshua F. Grant

P. O. Box 619
Wilbur, WA 99185
509 647 5578



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