[WSBAPT] Seeking stories and input on Washington Estate Tax law and HB 1465

[Eric Nelsen]

Phil, you are a brave soul to jump into this one with both feet.

Easy for me to say, because I agree with you. Only 20 years as a lawyer, but same experience—with one almost-exception I vaguely remember when I was a paralegal in the 90s, when the estate tax threshold was $1 million and the family’s business was worth quite a bit more than that but didn’t have the cash available to pay. But if I remember correctly, they paid instead under a multiyear installment plan that I think was built into the tax regs as an option. And that was within their cash flow, so there was no jeopardy of actually going out of business.

Sincerely,

Eric

Eric C. Nelsen
Sayre Law Offices, PLLC
1417 31st Ave South
Seattle WA 98144-3909
206-625-0092
eric at sayrelawoffices.com<mailto:eric at sayrelawoffices.com>

Covid-19 Update - All attorneys are working remotely during regular business hours and are available via email and by phone. Videoconferencing also is available. Signing of estate planning documents can be completed and will be handled on a case-by-case basis. Please direct mail and deliveries to the Seattle office.

From: wsbapt-bounces at lists.wsbarppt.com <wsbapt-bounces at lists.wsbarppt.com> On Behalf Of Philip N. Jones
Sent: Thursday, July 15, 2021 3:46 PM
To: WSBA Probate & Trust Listserv <wsbapt at lists.wsbarppt.com>
Subject: Re: [WSBAPT] Seeking stories and input on Washington Estate Tax law and HB 1465

At the risk of alienating all of my friends who oppose the estate tax, which they call the death tax, I wonder why farms and small businesses have become the poster children for abolishing (or reducing) the estate tax.  Why should they get a break when people with investments would not?  I have been administering estates for 45 years, and I have yet to encounter an estate where the estate tax was a huge burden that put the family farm or the family enterprise out of business.  I think it is a myth to argue that family farms and family businesses are at risk.
Phil Jones

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<mailto:wsbapt-bounces at lists.wsbarppt.com> <wsbapt-bounces at lists.wsbarppt.com<mailto:wsbapt-bounces at lists.wsbarppt.com>> On Behalf Of T. DOWELL
Sent: Tuesday, July 13, 2021 10:33 AM
To: WSBA Probate & Trust Listserv <wsbapt at lists.wsbarppt.com<mailto:wsbapt at lists.wsbarppt.com>>
Subject: Re: [WSBAPT] Seeking stories and input on Washington Estate Tax law and HB 1465

Thanks so much for working on this. I am so hoping that Washington state will go back to dovetailing with the federal state law. Just not fair for those with small family owned businesses
Sent on IPHONE- please excuse text and spelling errors.

Theresa Dowell
Dowell Law Offices

(206) 660-1502

Teedowell at aol.com<mailto:Teedowell at aol.com>

Confidentiality Notice: This message is intended only for the person to which it is addressed. If you are not that person, immediately destroy all copies and delete email. Contact sender.

On Jul 13, 2021, at 10:01 AM, June Campbell <campbell.june at gmail.com<mailto:campbell.june at gmail.com>> wrote:

I'm gathering stories about how Washington's estate tax has affected individuals and families to share them with the sponsors of House bill 1465 in the last session. Although the bill did not make it out of committee last session, I anticipate it will be reintroduced in the next session so there is time to improve the bill. You can see a two page summary of HB 1465 and the actual text of the bill here: https://app.leg.wa.gov/billsummary?BillNumber=1465&Initiative=false&Year=2021

Please email me with your comments.

Thanks,

June Campbell
Law Office of June K. Campbell
www.junecampbelllaw.com<http://www.junecampbelllaw.com>
206-227-5016

CONFIDENTIALITY NOTICE
This e-mail message is a confidential communication and is protected by the attorney/client privilege, the work product doctrine and/or any other confidentiality protection. If you are not the designated or authorized recipient, do not read this e-mail message. Please reply to the sender that you have received the message in error, and then delete it. Thank you.




***Disclaimer: Please note that RPPT listserv participation is not restricted to practicing attorneys and may include non-practicing attorneys, law students, professionals working in related fields, and others.***
_______________________________________________
WSBAPT mailing list
WSBAPT at lists.wsbarppt.com<mailto:WSBAPT at lists.wsbarppt.com>
http://mailman.fsr.com/mailman/listinfo/wsbapt
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://mailman.fsr.com/pipermail/wsbapt/attachments/20210715/f67e5ac0/attachment.html>