<html>
<head>
<meta http-equiv="Content-Type" content="text/html; charset=utf-8">
</head>
<body dir="auto">
I vote with Claudia. Section 2039 of the Internal Revenue Code requires that result.
<div>An IRA is also IRD (Income in Respect of a Decedent), which means that the recipient must also pay income tax on the proceeds of the IRA. So an IRA is double-taxed, but the estate tax is deductible for income tax purposes. Some exceptions apply to the
above.</div>
<div>Phil Jones<br>
<br>
<div dir="ltr">Philip N. Jones
<div>Duffy Kekel LLP</div>
<div>Portland, OR</div>
<div>pjones@duffykekel.com</div>
<div>(503) 853-1482 cell</div>
</div>
<div dir="ltr"><br>
<blockquote type="cite">On Oct 4, 2022, at 1:30 AM, Claudia A Gowan <claudia@cagowanlaw.com> wrote:<br>
<br>
</blockquote>
</div>
<blockquote type="cite">
<div dir="ltr">
<div dir="auto">Brent, you are correct that simply distributing the IRA outside of probate would not remove it from the gross estate for purposes of the Washington State estate tax. The value of the IRA, as of the date of death of the decedent (assuming you
are not using the alternate valuation date), needs to be included in the calculation of the gross estate when determining whether you have a filing obligation and/or an estate tax obligation.</div>
<div dir="auto" style="color: rgb(33, 33, 33); background-color: rgb(255, 255, 255);">
<br>
</div>
<div dir="auto" style="color: rgb(33, 33, 33); background-color: rgb(255, 255, 255);">
Best, Claudia</div>
<div><br>
</div>
<div dir="auto" id="ms-outlook-mobile-signature">
<div dir="auto"><br>
</div>
</div>
<hr style="display:inline-block;width:98%" tabindex="-1">
<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 Brent Williams-Ruth <brent@williams-ruthlaw.com><br>
<b>Sent:</b> Monday, October 3, 2022 5:19:29 PM<br>
<b>To:</b> wsbapt@lists.wsbarppt.com <wsbapt@lists.wsbarppt.com><br>
<b>Subject:</b> [WSBAPT] Part of the Gross Taxable Estate?</font>
<div> </div>
</div>
<div dir="auto">Greetings List -
<div><br>
</div>
<div>Have a probate where Decedent set up beneficiary for his brokerage and his traditional IRA. The brokerage house disclosed the brokerage distribution but did not disclose the IRA. In a conversation with Executor believe each residual beneficiary received
the same amount. If this is true - the estate would surpass the Washington estate tax threshold - if a traditional IRA transferred through beneficiary is counted as part of the GTE. </div>
<div><br>
</div>
<div>Simply by distributing outside of probate does not remove it from the gross taxable estate, correct?</div>
<div><br>
<div dir="ltr">
<p><span style="background-color:rgba(255,255,255,0)"><b><span lang="EN-US">Brent Williams-Ruth</span></b><span lang="EN-US"> <br>
<i>Attorney-At-Law</i></span></span></p>
<p><span style="background-color:rgba(255,255,255,0)"><b><span lang="EN-US">Law Offices of Brent Williams-Ruth, a division of </span></b><b><span lang="EN-US">BWR Consulting, PLLC</span></b></span></p>
<p><span lang="EN-US" style="background-color:rgba(255,255,255,0)"></span></p>
<p><span lang="EN-US" style="background-color:rgba(255,255,255,0)">Office/Scheduling Phone: (253) 285-7751</span></p>
<p><span lang="EN-US" style="background-color:rgba(255,255,255,0)">Direct: (253) 285-7453</span></p>
<p><span lang="EN-US" style="background-color:rgba(255,255,255,0)">500 S. 336th St., Suite 214; Federal Way, WA 98003</span></p>
<p style="line-height:20.8267px; margin:0px 0px 1.35em"></p>
<p><span style="background-color:rgba(255,255,255,0)"><span lang="EN-US"><a href="mailto:Brent@Williams-RuthLaw.com" target="_blank">e-mail</a></span><span lang="EN-US"> / <a href="https://nam11.safelinks.protection.outlook.com/?url=http%3A%2F%2Fwww.williams-ruthlaw.com%2F&data=05%7C01%7Cpjones%40duffykekel.com%7C075352befdc94ef2cf1d08daa59f9481%7C2d66ed5354fa4c2f8c4dbff1aca5479d%7C0%7C0%7C638004402075440967%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=psy5Zf%2B8JH%2BXSwMp6HTF87SdhFZi%2B9GollbK0J%2BOLUU%3D&reserved=0" originalsrc="http://www.williams-ruthlaw.com/" shash="CoY82NS558O5Ksr0jQrnURVlzQx6eSGPAS20mQLxeaw8wHvPVciNhT4mOTdsSlALttqNODt+XYCO6QbSkpr+/x8t2x71lRqJDD8GQwBE5JJVP7B1m3h/R298JFfHH4lLrmMkUMvSklHKSF75cQXpAIvlbzY+AWlt5MtGFD3ivFE=" target="_blank">website</a> /</span> <a href="https://nam11.safelinks.protection.outlook.com/?url=http%3A%2F%2Fwww.facebook.com%2Fbwrconsults&data=05%7C01%7Cpjones%40duffykekel.com%7C075352befdc94ef2cf1d08daa59f9481%7C2d66ed5354fa4c2f8c4dbff1aca5479d%7C0%7C0%7C638004402075440967%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=jOw93QZLOGLtjglu1nGm24ZZ%2BYBB7hb2nGHMpJy5%2Fno%3D&reserved=0" originalsrc="http://www.facebook.com/bwrconsults" shash="EK7aWj1xp4o9+dZdJXNvTCLVbM/Dat7k5hUHG5VuqN1iAjvQ4VRcX1sJ5eFkCA4eS9GtPJCgyijOO5XyvzoIFuNwi7Lxik9DgCk1b1/TJYqN9UGMR2s0HQ7wESYtmDFSLM/1Ii4afNUEFwGCKJdLMy8v11Lx3bQu4DsAmvvPLsA=" target="_blank">facebook</a> / </span></p>
<p><font><b style="background-color:rgba(255,255,255,0)">As of July 1, 2019 - I began operating as the Law Offices of Brent Williams-Ruth a division of BWR Consulting, PLLC. Please note the new points of contact <a href="mailto:Brent@Williams-RuthLaw.com" dir="ltr">Brent@Williams-RuthLaw.com</a> and <a href="https://nam11.safelinks.protection.outlook.com/?url=http%3A%2F%2Fwww.williams-ruthlaw.com%2F&data=05%7C01%7Cpjones%40duffykekel.com%7C075352befdc94ef2cf1d08daa59f9481%7C2d66ed5354fa4c2f8c4dbff1aca5479d%7C0%7C0%7C638004402075440967%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=psy5Zf%2B8JH%2BXSwMp6HTF87SdhFZi%2B9GollbK0J%2BOLUU%3D&reserved=0" originalsrc="http://www.williams-ruthlaw.com/" shash="CoY82NS558O5Ksr0jQrnURVlzQx6eSGPAS20mQLxeaw8wHvPVciNhT4mOTdsSlALttqNODt+XYCO6QbSkpr+/x8t2x71lRqJDD8GQwBE5JJVP7B1m3h/R298JFfHH4lLrmMkUMvSklHKSF75cQXpAIvlbzY+AWlt5MtGFD3ivFE=" target="_blank">www.Williams-RuthLaw.com</a> </b></font></p>
</div>
</div>
</div>
<span>***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.***</span><br>
<span>_______________________________________________</span><br>
<span>WSBAPT mailing list</span><br>
<span>WSBAPT@lists.wsbarppt.com</span><br>
<span>http://mailman.fsr.com/mailman/listinfo/wsbapt</span></div>
</blockquote>
</div>
</body>
</html>