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<div dir="ltr">Hi Shannon, </div>
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<div dir="ltr">Is it safe to infer you mean an ILIT (irrevocable life insurance trust) that essentially “repays” the beneficiaries of the decedent’s estate for the estate’s payment of estate taxes? </div>
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<div dir="ltr">This device works (best, most straightforwardly) when things are simple and clean, primarily meaning the beneficiaries of the estate are exactly the same as the
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beneficiaries</span> of the ILIT. </div>
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<div dir="ltr">Further meaning, usually, “my descendants, per stirpes” (or “…by representation” — but be consistent across documents).<span></span></div>
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<div dir="ltr">If so, I can find some materials to help get you started. </div>
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<div dir="ltr">Phenomenal device when done properly, and not going away anytime soon with federal estate exemption amounts cutting in half on 1/1/26 (unless Congress . . . w<span id="ms-outlook-ios-cursor"></span>ell, you know the story . . . ).<span></span></div>
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<div dir="ltr">(I'm home sick in bed today. My apologies to you all who haven't already blocked me. 😜)</div>
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<div dir="ltr">Best, Josh </div>
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<div dir="ltr">Joshua D. McKarcher</div>
<div dir="ltr">McKarcher Law PLLC</div>
<div dir="ltr">537 6th Street</div>
<div dir="ltr">Clarkston, WA 99403</div>
<div dir="ltr">(509) 758-3345</div>
<div dir="ltr">(509) 758-3314 (fax)</div>
<div dir="ltr">josh@mckarcherlaw.com</div>
<div dir="ltr"><a href="http://www.mckarcherlaw.com">www.mckarcherlaw.com</a></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 Shannon Jones <shannonj@campbellbarnettlaw.com><br>
<b>Sent:</b> Tuesday, October 29, 2024 9:22:12 AM<br>
<b>To:</b> WSBA Probate & Trust Listserv <wsbapt@lists.wsbarppt.com><br>
<b>Subject:</b> [WSBAPT] life insurance trust</font>
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<p class="x_MsoNormal">Listmates, I have come across only a few life insurance trusts in practice where the proceeds were not included in the WA taxable estate, but I’ve not ever used that planning device for a client. Is there anyone willing to share a form
trust for a WA resident and/or perhaps insight into key advice to provide regarding payment of premiums to ensure the proceeds are not part of the WA taxable estate? Shannon</p>
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