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<p class="MsoNormal">The other thing with an estate this size ($2.5million – not sure if that is decedent’s ½ or total) is that a disclaimer to avoid potential Washington Estate tax down the road can lead to capital gains tax.
<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">I just settled an estate where the credit trust was funded in the early 2000’s with real property that more than doubled in value since funding. The total of the survivor’s estate plus the credit trust was about 1.75 million and there was
a couple hundred thousand in capital gain the trust had to pay or distribute out to the heirs.
<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">It is important to advise clients on the potential consequences of a disclaimer as well as a failure to disclaim.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Heather<o:p></o:p></p>
<div>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><span style="font-size:16.0pt;font-family:"Vladimir Script";color:#1F497D">Heather S. de Vrieze</span><b><span style="font-size:16.0pt;color:#1F497D"><br>
</span></b><i><span style="font-family:"Garamond",serif;color:#1F497D">Attorney-at-Law<o:p></o:p></span></i></p>
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<p class="MsoNormal"><span style="font-size:10.0pt;font-family:Nyala;color:#44524E">3909 California Avenue SW<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:Nyala;color:#44524E">Seattle, WA 98116-3705
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:Nyala;color:#44524E">(206)938-5500
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<p class="MsoNormal"><a href="mailto:heatherd@westseattlelaw.com"><span style="font-size:10.0pt;font-family:Nyala;color:#44524E">heatherd@westseattlelaw.com</span></a><span style="font-size:10.0pt;font-family:Nyala;color:#44524E">
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<p class="MsoNormal"><b>From:</b> wsbapt-bounces@lists.wsbarppt.com <wsbapt-bounces@lists.wsbarppt.com>
<b>On Behalf Of </b>Mike Winslow<br>
<b>Sent:</b> Thursday, July 16, 2020 9:49 AM<br>
<b>To:</b> 'WSBA Probate & Trust Listserv' <wsbapt@lists.wsbarppt.com><br>
<b>Subject:</b> Re: [WSBAPT] disclaimer template<o:p></o:p></p>
</div>
</div>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><span style="font-size:12.0pt;color:#1F497D">Many wills with Credit Shelter Trust provisions state that if the surviving spouse executes a disclaimer within the applicable period, then the disclaimed portion funds the CST, and is then managed
under the CST. I would expect that to be the case in the will Jenna is inquiring about. She talks about disclaiming “into the Decedent’s trust” (which presumably is a form of CST).<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;color:#1F497D"><o:p> </o:p></span></p>
<div>
<p class="MsoNormal"><span style="color:#1F497D">Michael A. Winslow<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">1204 Cleveland Ave.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">Mount Vernon, WA 98273<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">Ph. 360-336-3321<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">Em. <a href="mailto:Mike@winslegal.com">
Mike@winslegal.com</a><o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">This message is from an attorney, so it’s confidential. If you are not the intended recipient, it’s too late to stop reading this message, but you may not use it for any improper purpose. Huge Disclaimer available
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<div style="border:none;border-top:solid #B5C4DF 1.0pt;padding:3.0pt 0in 0in 0in">
<p class="MsoNormal"><b><span style="font-size:10.0pt;font-family:"Tahoma",sans-serif">From:</span></b><span style="font-size:10.0pt;font-family:"Tahoma",sans-serif">
<a href="mailto:wsbapt-bounces@lists.wsbarppt.com">wsbapt-bounces@lists.wsbarppt.com</a> [<a href="mailto:wsbapt-bounces@lists.wsbarppt.com">mailto:wsbapt-bounces@lists.wsbarppt.com</a>]
<b>On Behalf Of </b>Eden Rubenstein Toner<br>
<b>Sent:</b> Thursday, July 16, 2020 9:29 AM<br>
<b>To:</b> 'WSBA Probate & Trust Listserv'<br>
<b>Subject:</b> Re: [WSBAPT] disclaimer template<o:p></o:p></span></p>
</div>
</div>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><span style="color:#1F497D">Roger is right. A qualified disclaimer treats the disclaimant as though he/she predeceased the gift; therefore, it cannot be directed by the disclaimant. And look at the anti-lapse statute for where the disclaimed
property would go.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><i><span style="font-size:12.0pt;font-family:"Californian FB",serif;color:#1F497D">Eden Rubenstein Toner<o:p></o:p></span></i></p>
<p class="MsoNormal"><i><span style="font-family:"Californian FB",serif;color:#1F497D">Attorney at Law<o:p></o:p></span></i></p>
<p class="MsoNormal"><i><span style="font-family:"Californian FB",serif;color:#1F497D">21301 Hwy 410 E, #140<o:p></o:p></span></i></p>
<p class="MsoNormal"><i><span style="font-family:"Californian FB",serif;color:#1F497D">Bonney Lake, WA 98391<o:p></o:p></span></i></p>
<p class="MsoNormal"><i><span style="font-family:"Californian FB",serif;color:#1F497D">Phone 206-953-4485<o:p></o:p></span></i></p>
<p class="MsoNormal"><i><span style="font-family:"Californian FB",serif;color:#1F497D"><a href="http://www.edenrtoner.com">www.edenrtoner.com</a><o:p></o:p></span></i></p>
<p class="MsoNormal"><span style="font-family:"Californian FB",serif;color:#1F497D"> IMPORTANT: This e-mail message is intended to be confidential, only for the use of the intended recipient(s). If you are not the intended recipient, or if this message
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<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
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<div style="border:none;border-top:solid #B5C4DF 1.0pt;padding:3.0pt 0in 0in 0in">
<p class="MsoNormal"><b><span style="font-size:10.0pt;font-family:"Tahoma",sans-serif">From:</span></b><span style="font-size:10.0pt;font-family:"Tahoma",sans-serif">
<a href="mailto:wsbapt-bounces@lists.wsbarppt.com">wsbapt-bounces@lists.wsbarppt.com</a> [<a href="mailto:wsbapt-bounces@lists.wsbarppt.com">mailto:wsbapt-bounces@lists.wsbarppt.com</a>]
<b>On Behalf Of </b>Roger Hawkes<br>
<b>Sent:</b> Thursday, July 16, 2020 8:11 AM<br>
<b>To:</b> WSBA Probate & Trust Listserv<br>
<b>Subject:</b> Re: [WSBAPT] disclaimer template<o:p></o:p></span></p>
</div>
</div>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Jenna: be very, very careful with that. The disclaimer statute states what a disclaimer accomplishes. I don’t believe it allows the disclaimant to direct what happens to the inheritance disclaimed.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Roger Hawkes, WSBA # 5173<o:p></o:p></p>
<p class="MsoNormal"><i><span style="font-size:14.0pt">Shoreline</span></i> Office: 19944 Ballinger Way NE<o:p></o:p></p>
<p class="MsoNormal"> Shoreline, WA 98155<o:p></o:p></p>
<p class="MsoNormal"><i><span style="font-size:14.0pt">Sultan</span></i> Office: 423 Main<o:p></o:p></p>
<p class="MsoNormal"> Sultan, WA 98294<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Phone: 206 367 5000; fax: 206 367 4005<o:p></o:p></p>
<p class="MsoNormal">Email: <a href="mailto:roger@law-hawks.com"><span style="color:#0563C1">roger@law-hawks.com</span></a>
<o:p></o:p></p>
<p class="MsoNormal">Web site: <a href="http://www.hawkeslawfirm">www.hawkeslawfirm</a><o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<div style="border:none;border-top:solid #E1E1E1 1.0pt;padding:3.0pt 0in 0in 0in">
<p class="MsoNormal"><b>From:</b> <a href="mailto:wsbapt-bounces@lists.wsbarppt.com">
wsbapt-bounces@lists.wsbarppt.com</a> <<a href="mailto:wsbapt-bounces@lists.wsbarppt.com">wsbapt-bounces@lists.wsbarppt.com</a>>
<b>On Behalf Of </b>Jenna Brozik<br>
<b>Sent:</b> Wednesday, July 15, 2020 4:30 PM<br>
<b>To:</b> WSBA Probate & Trust Listserv <<a href="mailto:wsbapt@lists.wsbarppt.com">wsbapt@lists.wsbarppt.com</a>><br>
<b>Subject:</b> [WSBAPT] disclaimer template<o:p></o:p></p>
</div>
<p class="MsoNormal"><o:p> </o:p></p>
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<div>
<p class="MsoNormal">Hello Listmates, <o:p></o:p></p>
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<p class="MsoNormal"><o:p> </o:p></p>
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<div>
<p class="MsoNormal">One of my clients has a Living Trust with her husband. The husband died a couple of months ago. She would like to disclaim part of her estate into the "Decedent's Trust" to avoid estate taxes for their children. There is about 2.5 million
in the estate. Does anyone have a disclaimer template they can provide me?<o:p></o:p></p>
</div>
<div>
<p class="MsoNormal"><o:p> </o:p></p>
</div>
<div>
<p class="MsoNormal">Thanks in advance, <br clear="all">
<o:p></o:p></p>
</div>
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<div>
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<p class="MsoNormal"><span style="font-family:"Arial",sans-serif">Jenna Brozik</span><o:p></o:p></p>
</div>
<div>
<p class="MsoNormal"><span style="font-family:"Trebuchet MS",sans-serif">Attorney at Law</span><o:p></o:p></p>
</div>
<div>
<p class="MsoNormal">Prinz & Brozik PLLC<o:p></o:p></p>
</div>
<div>
<p class="MsoNormal">445 S Grand Ave<o:p></o:p></p>
</div>
<div>
<p class="MsoNormal">Pullman, WA 99163<o:p></o:p></p>
</div>
<div>
<p class="MsoNormal">(509)338-0908 / (509) 338-3527 (fax)<o:p></o:p></p>
</div>
<div>
<p class="MsoNormal"><a href="mailto:jennaprinzlaw@gmail.com" target="_blank">jennaprinzlaw@gmail.com</a><o:p></o:p></p>
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