[WSBAPT] by-pass trust

Fri Apr 3 14:49:32 PDT 2020

Sounds good – Monday is a bad day but other than that call any day.

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 <wsbapt-bounces at lists.wsbarppt.com> On Behalf Of Josh Grant
Sent: Friday, April 3, 2020 2:40 PM
To: WSBA Probate & Trust Listserv <wsbapt at lists.wsbarppt.com>
Subject: Re: [WSBAPT] by-pass trust

Thank you Diane.
I will call you next week.

Josh

Joshua F. Grant
[advocates]
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<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 Josh Grant
Sent: Friday, April 3, 2020 11:26 AM
To: wsbar trust <wsbapt at lists.wsbarppt.com<mailto: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
[advocates]
P. O. Box 619
Wilbur, WA 99185
509 647 5578
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