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<p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Times New Roman",serif">I suggest that you go back to the original cause of action/complaint, and see what you were suing for. If it was a combination of wrongful death and survivorship (pain
and suffering), then it will be difficult to now take the position that it is now 100% one or the other. The IRS is not very friendly towards people who change their tune in order to reduce the taxes.
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Times New Roman",serif">On the tax side, are you referring to income taxes or estate taxes? You need to examine both and be certain of your conclusion. It is my recollection that survivorship
proceeds are subject to estate tax, but wrongful death proceeds are not. But check for yourself. And look into the income taxes. My hunch is that no income taxes are owed, but check for yourself to make certain.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Times New Roman",serif">I express no opinion on your other questions. Find someone who does lots of wrongful death.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Times New Roman",serif">Phil Jones<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Times New Roman",serif"><o:p> </o:p></span></p>
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<p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Times New Roman",serif">Philip N. Jones<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Times New Roman",serif">Duffy Kekel LLP<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Times New Roman",serif">900 S.W. Fifth Ave. Suite 2500<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Times New Roman",serif">Portland, OR 97204<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Times New Roman",serif"><a href="mailto:pjones@duffykekel.com">pjones@duffykekel.com</a><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Times New Roman",serif">(503) 226-1371 – office<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Times New Roman",serif">(503) 853-1482 – cell<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Times New Roman",serif">(503) 226-3574 - fax<o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Times New Roman",serif"><o:p> </o:p></span></p>
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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>Andrekita Silva<br>
<b>Sent:</b> Tuesday, November 17, 2020 4:25 PM<br>
<b>To:</b> WSBA Probate & Trust Listserv <wsbapt@lists.wsbarppt.com><br>
<b>Subject:</b> Re: [WSBAPT] Testamentary Trust<o:p></o:p></p>
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<p><span style="font-size:10.5pt;font-family:"Arial",sans-serif">Law Office of<br>
<strong><span style="font-family:"Arial",sans-serif">F.ANDREKITA SILVA</span></strong><br>
<strong><span style="font-family:"Arial",sans-serif">________________________________________________________________________</span></strong><br>
<br>
. November 17, 2020<br>
<br>
<br>
List serve,<br>
<br>
I understand that the proceeds from a wrongful death action do not belong to the estate, rather to the beneficiaries (thank you to Eric Nelsen for a really great summary on this issue earlier this year). I also understand the proceeds from
a survival action are more of a muddle. I know there are no taxes for pain and suffering experienced by the decedent for a physical injury.<br>
I’d like to close the probate with a Declaration of Completion. Without the survival/ wrongful death action, the estate had extremely modest assets and we settled with all creditors. But, the Declaration of Completion must say all U.S. and
Washington estate tax due as a result of Decedent's death have been determined, settled, and paid.<br>
So, if we decide that settlement proceeds are for pain and suffering of the decedent, can I assume that this statement about taxes applies to only the Estate? This has nothing to do with any taxes that the beneficiary might owe in their own
U.S. state or foreign country?<br>
The proceeds from the survival/ wrongful death action are in my trust account. I would prefer to pay the net proceeds to the personal representative for HER to distribute to the beneficiaries (herself and her brother.) They are in agreement
as to how much they will each receive. My main concern is to avoid liability for myself if there is a tax issue down the line. Is this okay to do?<br>
<br>
andrekita<br>
Law Office of F. Andrekita Silva<br>
1325 Fourth Avenue, Suite 2000<br>
Seattle, Washington 98101<br>
206-224-8288<br>
<a href="http://www.seattle-silvalaw.com">www.seattle-silvalaw.com</a><br>
<br>
<br>
<o:p></o:p></span></p>
<p><span style="font-size:10.5pt;font-family:"Arial",sans-serif"><o:p> </o:p></span></p>
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