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<div>Wait for death and get step up in basis in all CP; plan now to have surviving spouse either disclaim immediately $x or x assets, or just make lifetime gifts (same outcome). </div>
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<div>Draft now and have survivor sign one or other within 4 days of death. </div>
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<div>If surviving spouse doesn’t survive 5 days you get two exemptions anyhow; if survives 6 days and dies, then the disclaimer or lifetime gift made 2 days earlier saves estate tax. </div>
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<div>Then tell the kids they better save some of the money to take care of surviving parent or karma will get them! ;)</div>
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<div dir="ltr">Best, Josh </div>
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<div style="direction: ltr;">Joshua D. McKarcher</div>
<div style="direction: ltr;">McKarcher Law PLLC</div>
<div style="direction: ltr;">537 6th Street</div>
<div style="direction: ltr;">Clarkston, WA 99403</div>
<div style="direction: ltr;">(509) 758-3345</div>
<div style="direction: ltr;">(509) 758-3314 (fax)</div>
<div style="direction: ltr;">josh@mckarcherlaw.com</div>
<div style="direction: ltr; text-align: left;" dir="auto"><a href="http://www.mckarcherlaw.com">www.mckarcherlaw.com</a><span style="caret-color: rgb(33, 33, 33); font-family: -apple-system, HelveticaNeue; background-color: rgb(255, 255, 255); display: inline !important"></span></div>
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<div id="divRplyFwdMsg" dir="ltr"><font face="Calibri, sans-serif" style="font-size:11pt" color="#000000"><b>From:</b> wsbapt-bounces@lists.wsbarppt.com <wsbapt-bounces@lists.wsbarppt.com> on behalf of Heather de Vrieze <heatherd@westseattlelaw.com><br>
<b>Sent:</b> Wednesday, July 21, 2021 3:57:48 PM<br>
<b>To:</b> 'WSBA Probate & Trust Listserv' <wsbapt@lists.wsbarppt.com><br>
<b>Subject:</b> [WSBAPT] Planning Opportunity?</font>
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<p class="x_MsoNormal"><span style="font-size:12.0pt">Are there any simple ways to do tax planning estate planning (credit trust) in the following situation:</span></p>
<p class="x_MsoNormal"><span style="font-size:12.0pt">Couple long married</span></p>
<p class="x_MsoNormal"><span style="font-size:12.0pt">Only kids are joint and adults</span></p>
<p class="x_MsoNormal"><span style="font-size:12.0pt">All assets CP</span></p>
<p class="x_MsoNormal"><span style="font-size:12.0pt">One spouse lacks capacity and may die soon</span></p>
<p class="x_MsoNormal"><span style="font-size:12.0pt">No POA of course</span></p>
<p class="x_MsoNormal"><span style="font-size:12.0pt">Estate larger than WA exemption, smaller than Fed Exemption.</span></p>
<p class="x_MsoNormal"><span style="font-size:12.0pt"> </span></p>
<p class="x_MsoNormal"><span style="font-size:12.0pt">I expect were there a guardian appointed, it might be possible to get authority to create a trust, but there may not be time for that.</span></p>
<p class="x_MsoNormal"><span style="font-size:12.0pt">Any ideas?</span></p>
<p class="x_MsoNormal"><span style="font-size:12.0pt"> </span></p>
<p class="x_MsoNormal"><span style="font-size:12.0pt">Heather</span></p>
<p class="x_MsoNormal"><span style="font-size:12.0pt"> </span></p>
<p class="x_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</span></i></p>
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<p class="x_MsoNormal"><span style="font-size:10.0pt; font-family:Nyala; color:#44524E">3909 California Avenue SW</span></p>
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