[WSBAPT] not quite simultaneous death & WA death tax

[Philip N. Jones]

Thanks for that definition.  I hope that I am not the only person whose mind went in a different direction . . . .

Philip N. Jones
Duffy Kekel LLP
Portland, OR
pjones at duffykekel.com
(503) 853-1482 cell

On Mar 3, 2022, at 8:45 AM, Diane J. Kiepe <DJKiepe at depdslaw.com> wrote:


f/u=follow up – ohhhhhh I am having a tough start to my 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 Diane J. Kiepe
Sent: Thursday, March 3, 2022 8:33 AM
To: WSBA Probate & Trust Listserv <wsbapt at lists.wsbarppt.com>; cole-gilday at stanwoodlaw.net
Subject: Re: [WSBAPT] not quite simultaneous death & WA death tax

Quick f/u – I say generally because you will need to comply with all other elements of a disclaimer (accepted no benefits, format of disclaimer, filing etc.).

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 Diane J. Kiepe
Sent: Thursday, March 3, 2022 8:20 AM
To: cole-gilday at stanwoodlaw.net<mailto:cole-gilday at stanwoodlaw.net>; WSBA Probate & Trust Listserv <wsbapt at lists.wsbarppt.com<mailto:wsbapt at lists.wsbarppt.com>>
Subject: Re: [WSBAPT] not quite simultaneous death & WA death tax

Good morning Cole,

Here is the authority for a PR to disclaim.  Generally permitted if you can pass the “best interest” tests.

RCW 11.86.021<http://app.leg.wa.gov/RCW/default.aspx?cite=11.86.021>
Disclaimer of interest authorized. (Effective January 1, 2022.)
(1) A beneficiary may disclaim an interest in whole or in part, or with reference to specific parts, shares or assets, in the manner provided in RCW 11.86.031<http://app.leg.wa.gov/RCW/default.aspx?cite=11.86.031>.
(2) Likewise, a beneficiary may so disclaim through an agent or attorney so authorized by written instrument.
(3) A personal representative, guardian, attorney-in-fact if authorized under a durable power of attorney under chapter 11.125<http://app.leg.wa.gov/RCW/default.aspx?cite=11.125> RCW, or other legal representative of the estate of a minor, incompetent, or deceased beneficiary, may so disclaim on behalf of the beneficiary, with or without court order, if:
(a) The legal representative deems the disclaimer to be in the best interests of those interested in the estate of the beneficiary and of those who take the disclaimed interest because of the disclaimer, and not detrimental to the best interests of the beneficiary; and
(b) In the case of a conservatorship, no order has been issued under RCW 11.130.435<http://app.leg.wa.gov/RCW/default.aspx?cite=11.130.435> determining that the disclaimer is not in the best interests of the beneficiary.
[ 2020 c 312 § 711<http://lawfilesext.leg.wa.gov/biennium/2019-20/Pdf/Bills/Session%20Laws/Senate/6287-S.SL.pdf?cite=2020%20c%20312%20%C2%A7%20711>; 2016 c 209 § 402<http://lawfilesext.leg.wa.gov/biennium/2015-16/Pdf/Bills/Session%20Laws/Senate/5635-S.SL.pdf?cite=2016%20c%20209%20%C2%A7%20402>; 1989 c 34 § 2<http://leg.wa.gov/CodeReviser/documents/sessionlaw/1989c34.pdf?cite=1989%20c%2034%20%C2%A7%202>.]




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 Robert R. Cole
Sent: Wednesday, March 2, 2022 6:25 PM
To: WSBA Probate & Trust Listserv <wsbapt at lists.wsbarppt.com<mailto:wsbapt at lists.wsbarppt.com>>
Subject: [WSBAPT] not quite simultaneous death & WA death tax


Husband & Wife passed away about 2 weeks of each other, with a combined estate of maybe $4m.  Reciprocal Wills give to each other and then to kids.  Can they each use their exemption, maybe with a disclaimer?
--


Very Truly Yours,
Robert R. Cole
Law Office of Cole & Gilday, P.C.

10101 - 270th St. NW
Stanwood, WA 98292
(360) 629-2900 (Telephone)
(360) 629-0220 (Fax)

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