[WSBAPT] Wash Estate Tax - Credit Shelter Trust Wills

[Claudia A Gowan]

Josh, you might be referring to the DOR'S approach to certain QTIP trusts. If you want to visit about it, you can feel free to call me.

Best, Claudia


-------- Original message --------
From: "Philip N. Jones" <pjones at duffykekel.com>
Date: 2/1/21 4:29 PM (GMT-08:00)
To: WSBA Probate & Trust Listserv <wsbapt at lists.wsbarppt.com>
Subject: Re: [WSBAPT] Wash Estate Tax - Credit Shelter Trust Wills

That is not correct.  Washington honors credit shelter trusts.
Phil

Philip N. Jones
Duffy Kekel LLP
900 S.W. Fifth Ave. Suite 2500
Portland, OR 97204
pjones at duffykekel.com<mailto:pjones at duffykekel.com>
(503) 226-1371 – office
(503) 853-1482 – cell
(503) 226-3574 - fax

From: wsbapt-bounces at lists.wsbarppt.com <wsbapt-bounces at lists.wsbarppt.com> On Behalf Of Josh Grant
Sent: Monday, February 1, 2021 3:35 PM
To: wsbar trust <wsbapt at lists.wsbarppt.com>
Subject: [WSBAPT] Wash Estate Tax - Credit Shelter Trust Wills

I have a client with wills written in early 1990.  They are credit shelter wills.  Estates total about $4,00,000.  I have heard that the Washington  department of revenue, considers the full value as taxable to the surviving spouse, notwithstanding the federal estate tax would allow the second to die to be “sheltered” from taxing the 1st to die’s part that went into a credit shelter trust for the benefit of the surviving spouse.  Anyone have any details on this? Authority? Thanks
Joshua F. Grant
[advocates]
P. O. Box 619
Wilbur, WA 99185
509 647 5578
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