<div dir="ltr"><div><span class="gmail_default" style="font-family:arial,sans-serif">From what I have heard from 1 Republican legislator and 1 Democratic legislator - "unless there is a budgetary need for this legislation" all of these bills are dead. </span><br clear="all"></div><div><span class="gmail_default" style="font-family:arial,sans-serif"><br></span></div><div><span class="gmail_default" style="font-family:arial,sans-serif">So, it is likely that they are dead. </span></div><div><div dir="ltr" class="gmail_signature" data-smartmail="gmail_signature"><div dir="ltr"><div dir="ltr"><p><b><span style="font-family:"Times New Roman",serif">Brent
Williams-Ruth</span></b><span style="font-family:"Times New Roman",serif"> (pronouns: he/him)<br>
<i>Attorney-At-Law</i></span></p><p><b><span style="font-family:"Times New Roman",serif">Law
Offices of Brent Williams-Ruth, </span></b><b><span style="font-family:"Times New Roman",serif"><font size="1">a division of BWR Consulting, PLLC</font></span></b><b><span style="font-family:"Times New Roman",serif"></span></b></p><p><b><span style="font-family:"Times New Roman",serif">Physical Address: 500 S 336th Street, Suite 214; Federal
Way, WA 98003</span></b><span style="font-family:"Times New Roman",serif"></span></p><p><b><span style="font-family:"Times New Roman",serif"><font color="#ff0000">Mailing Address:</font> </span></b><b><span style="font-family:"Times New Roman",serif">PO BOX 3319; Federal Way, WA 98063 </span></b></p><p><span style="font-family:"Times New Roman",serif">Office/Scheduling
Phone:<span style="color:#004080"> </span><font color="#ff0000">(253) 285-7751</font></span></p><p><font color="#ff0000" face="Times New Roman, serif">For All Meetings & Scheduling: <a href="mailto:info@williams-ruthlaw.com" target="_blank">info@williams-ruthlaw.com</a></font></p><p>
</p><p><span style="font-family:"Times New Roman",serif"><a href="mailto:Brent@Williams-RuthLaw.com" target="_blank">e-mail</a> / <a href="http://www.williams-ruthlaw.com/" target="_blank">website</a> /</span><span style="font-size:9.5pt;font-family:"Times New Roman",serif"> </span><span style="font-family:"Times New Roman",serif"><a href="http://www.facebook.com/bwrlaw" target="_blank"><span style="font-size:9.5pt">facebook</span></a></span><span style="font-size:9.5pt;font-family:"Times New Roman",serif"> / </span><span style="font-size:12.0pt;font-family:"Times New Roman",serif"></span></p></div></div></div></div><br></div><br><div class="gmail_quote gmail_quote_container"><div dir="ltr" class="gmail_attr">On Fri, Mar 21, 2025 at 11:58 AM Joshua McKarcher <<a href="mailto:josh@mckarcherlaw.com">josh@mckarcherlaw.com</a>> wrote:<br></div><blockquote class="gmail_quote" style="margin:0px 0px 0px 0.8ex;border-left:1px solid rgb(204,204,204);padding-left:1ex"><div class="msg5671722540134496872">
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<p class="MsoNormal"><span style="font-size:12pt">Liberty or anyone else on the chain – any updates or insight on how one or more of these bills are faring in the legislature?
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<p class="MsoNormal"><b><span style="font-family:Calibri,sans-serif">From:</span></b><span style="font-family:Calibri,sans-serif"> <a href="mailto:wsbapt-bounces@lists.wsbarppt.com" target="_blank">wsbapt-bounces@lists.wsbarppt.com</a> <<a href="mailto:wsbapt-bounces@lists.wsbarppt.com" target="_blank">wsbapt-bounces@lists.wsbarppt.com</a>>
<b>On Behalf Of </b>Liberty Upton<br>
<b>Sent:</b> Sunday, February 23, 2025 1:59 PM<br>
<b>To:</b> 'WSBA Probate & Trust Listserv' <<a href="mailto:wsbapt@lists.wsbarppt.com" target="_blank">wsbapt@lists.wsbarppt.com</a>><br>
<b>Subject:</b> [WSBAPT] WA Estate Tax Legislative Update - Proposed increase to Estate Tax Rates<u></u><u></u></span></p>
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<p class="MsoNormal"><u></u> <u></u></p>
<p class="MsoNormal"><span style="font-size:12pt;font-family:"Times New Roman",serif">This is an update on the proposed bills that impact the Washington estate tax exemption and estate tax rates.
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<ul style="margin-top:0in" type="disc">
<li class="m_5671722540134496872MsoListParagraph" style="margin-left:0in"><b><u><span style="font-size:12pt;font-family:"Times New Roman",serif">NEW</span></u></b><u><span style="font-size:12pt;font-family:"Times New Roman",serif">
<b>HB 2019</b> - making the estate tax more progressive</span></u><span style="font-size:12pt;font-family:"Times New Roman",serif">: a hearing is scheduled for
<b><span style="background:yellow">Tuesday 2/25 at 8:00 AM</span></b><span style="background:yellow">.</span>
<b>This does not give us enough time to write another group letter to present at the hearing.</b>
<b><span style="background:yellow">If you want to make your opinion known on this bill, please sign up to submit oral or written testimony here:</span></b>
<a href="https://app.leg.wa.gov/csi/House?selectedCommittee=31643&selectedMeeting=32893" target="_blank">
https://app.leg.wa.gov/csi/House?selectedCommittee=31643&selectedMeeting=32893</a><u></u><u></u></span></li><ul style="margin-top:0in" type="circle">
<li class="m_5671722540134496872MsoListParagraph" style="margin-left:0in"><span style="font-size:12pt;font-family:"Times New Roman",serif">This bill does increase the estate tax exemption to $3M for deaths after 1/1/2025, and it does fix the CPI index
name issue. <u></u><u></u></span></li><li class="m_5671722540134496872MsoListParagraph" style="margin-left:0in"><b><span style="font-size:12pt;font-family:"Times New Roman",serif">BUT it also significantly changes the estate tax rates as follows:<u></u><u></u></span></b></li></ul>
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<p class="m_5671722540134496872MsoListParagraph"><span style="font-size:12pt;font-family:"Times New Roman",serif"><img border="0" width="681" height="284" style="width: 7.0892in; height: 2.9583in;" id="m_5671722540134496872Picture_x0020_1024982579" src="cid:ii_195ba3f51105b16b21"></span><span style="font-size:12pt;font-family:"Times New Roman",serif"><u></u><u></u></span></p>
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<li class="m_5671722540134496872MsoListParagraph" style="margin-left:0in"><u><span style="font-size:12pt;font-family:"Times New Roman",serif">HB 1375 - adjusting the estate tax exclusion amount for inflation</span></u><span style="font-size:12pt;font-family:"Times New Roman",serif">:
there was a hearing on 2/20/25 by the House Committee on Finance <a href="https://app.leg.wa.gov/BillSummary/?BillNumber=1375&Year=2025&Initiative=false" target="_blank">
https://app.leg.wa.gov/BillSummary/?BillNumber=1375&Year=2025&Initiative=false</a><u></u><u></u></span></li><ul style="margin-top:0in" type="circle">
<li class="m_5671722540134496872MsoListParagraph" style="margin-left:0in"><span style="font-size:12pt;font-family:"Times New Roman",serif">Thank you to everyone who signed on to support this bill (it was discussed in the hearing). Unfortunately, it is
unlikely that this bill will move forward because a new bill (HB 2019) that proposes more extensive changes to RCW 83.100.020 was added to the docket on Friday. In short, HB 1375 adds to the budget deficit and is unlikely to move out of the committee. Whereas
HB 2019 will bring in more revenue for the state. <u></u><u></u></span></li></ul>
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<li class="m_5671722540134496872MsoListParagraph" style="margin-left:0in"><u><span style="font-size:12pt;font-family:"Times New Roman",serif">SB 5405 - updating the inflation adjustment for the estate tax exclusion amount</span></u><span style="font-size:12pt;font-family:"Times New Roman",serif">:
there was a hearing on 2/4/25 by the Senate Committee on Ways & Means <a href="https://app.leg.wa.gov/billsummary?BillNumber=5405&Year=2025&Initiative=False" target="_blank">
https://app.leg.wa.gov/billsummary?BillNumber=5405&Year=2025&Initiative=False</a><u></u><u></u></span></li></ul>
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<p class="MsoNormal"><span style="font-size:12pt">Liberty Upton</span><span><u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:12pt">Attorney<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:12pt"><img border="0" width="87" height="63" style="width: 0.9047in; height: 0.6547in;" id="m_5671722540134496872Picture_x0020_1" src="cid:ii_195ba3f5110692e332"></span><span style="font-size:12pt"><u></u><u></u></span></p>
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<span style="font-size:12pt;font-family:"Times New Roman",serif">Tel (206) 382-4414 (ex. 232) / Fax (206) 382-4412 /<span style="color:rgb(47,84,150)">
<u><a href="mailto:lupton@khbblaw.com" target="_blank"><span style="color:rgb(5,99,193)">lupton@khbblaw.com</span></a></u></span><u></u><u></u></span></p>
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<span style="font-size:12pt;font-family:"Times New Roman",serif">705 Second Avenue / Suite 800 / Seattle, WA 98104 /<span style="color:rgb(47,84,150)">
<u><a href="http://www.khbblaw.com/" target="_blank"><span style="color:rgb(47,84,150)">www.khbblaw.com</span></a><u></u><u></u></u></span></span></p>
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