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<p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Calibri",sans-serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Calibri",sans-serif">Brent:<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Calibri",sans-serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Calibri",sans-serif">Thank you for that informative and thorough update.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Calibri",sans-serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Calibri",sans-serif">Jim Dolan<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Calibri",sans-serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Calibri",sans-serif;mso-ligatures:standardcontextual">=========================<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Calibri",sans-serif;mso-ligatures:standardcontextual">
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Calibri",sans-serif;mso-ligatures:standardcontextual">Jones Butler Dolan, PS<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Calibri",sans-serif;mso-ligatures:standardcontextual">P.O. Box 458<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Calibri",sans-serif;mso-ligatures:standardcontextual">10027 SR 532<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Calibri",sans-serif;mso-ligatures:standardcontextual">Stanwood, WA 98292<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Calibri",sans-serif;mso-ligatures:standardcontextual">(tel) 360-336-2939<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Calibri",sans-serif;mso-ligatures:standardcontextual">(fax) 360-336-2949<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt"><o:p> </o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:11.0pt;font-family:"Calibri",sans-serif">From:</span></b><span style="font-size:11.0pt;font-family:"Calibri",sans-serif">
<a href="mailto:wsbarp-bounces@lists.wsbarppt.com">wsbarp-bounces@lists.wsbarppt.com</a> <<a href="mailto:wsbarp-bounces@lists.wsbarppt.com">wsbarp-bounces@lists.wsbarppt.com</a>>
<b>On Behalf Of </b>Brent Williams-Ruth<br>
<b>Sent:</b> Thursday, April 24, 2025 10:17 AM<br>
<b>To:</b> WSBA Real Property Listserv <<a href="mailto:wsbarp@lists.wsbarppt.com">wsbarp@lists.wsbarppt.com</a>>; WSBA Probate & Trust Listserv <<a href="mailto:WSBAPT@lists.wsbarppt.com">WSBAPT@lists.wsbarppt.com</a>><br>
<b>Subject:</b> [WSBARP] Estate Tax Update - BREAKING NEWS<o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:12.0pt"><o:p> </o:p></span></p>
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<p class="MsoNormal"><span class="gmaildefault"><span style="font-size:12.0pt;font-family:"Arial",sans-serif">Greetings List Members - </span></span><span style="font-size:12.0pt"><br clear="all">
<o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:12.0pt"><o:p> </o:p></span></p>
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<p class="MsoNormal"><span class="gmaildefault"><span style="font-size:12.0pt;font-family:"Arial",sans-serif">Last night the Washington House of Representatives passed SB 5813, with two amendments. It is NOT YET signed by the Governor....but here is what has
been agreed to between the House and the Senate: </span></span><span style="font-size:12.0pt"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:12.0pt"><o:p> </o:p></span></p>
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<p class="MsoNormal"><span class="gmaildefault"><span style="font-size:12.0pt;font-family:"Arial",sans-serif">1) The Estate Tax Exemption Level will be adjusted to $3,000,000, to be adjusted annually with the CPI report that includes the City of Seattle....hopefully
forever preventing a future "stall" in adjustments when the CPI report changes its name. </span></span><span style="font-size:12.0pt"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:12.0pt"><o:p> </o:p></span></p>
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<p class="MsoNormal"><span class="gmaildefault"><span style="font-size:12.0pt;font-family:"Arial",sans-serif">2) The Tax Brackets remain the same. </span></span><span style="font-size:12.0pt"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:12.0pt"><o:p> </o:p></span></p>
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<p class="MsoNormal"><span class="gmaildefault"><span style="font-size:12.0pt;font-family:"Arial",sans-serif">3) The Tax Rates for the respective brackets will change, with the top effective tax rate being 35%, here is the table: </span></span><span style="font-size:12.0pt"><o:p></o:p></span></p>
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<p class="MsoNormal"><span class="gmaildefault"><span style="font-size:12.0pt;font-family:"Arial",sans-serif">Washington Taxable Estate, the Current Rate, and the New Rate</span></span><span style="font-size:12.0pt"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:12.0pt"><o:p> </o:p></span></p>
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<p class="MsoNormal"><span class="gmaildefault"><span style="font-size:12.0pt;font-family:"Arial",sans-serif">$0 to $1,000,000, old rate 10%, new rate 10%</span></span><span style="font-size:12.0pt"><o:p></o:p></span></p>
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<p class="MsoNormal"><span class="gmaildefault"><span style="font-size:12.0pt;font-family:"Arial",sans-serif">$1,000,000 to $2,000,000, old rate 14%, new rate 15%</span></span><span style="font-size:12.0pt"><o:p></o:p></span></p>
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<p class="MsoNormal"><span class="gmaildefault"><span style="font-size:12.0pt;font-family:"Arial",sans-serif">$2,000,000 to $3,000,000, </span></span><span style="font-size:12.0pt;font-family:"Arial",sans-serif">old rate<span class="gmaildefault"> </span>15%,
<span class="gmaildefault">new rate </span>17%</span><span style="font-size:12.0pt"><o:p></o:p></span></p>
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<p class="MsoNormal"><span class="gmaildefault"><span style="font-size:12.0pt;font-family:"Arial",sans-serif">$3,000,000 to $4,000,000, </span></span><span style="font-size:12.0pt;font-family:"Arial",sans-serif">old rate<span class="gmaildefault"> </span>16%,
new rate<span class="gmaildefault"> </span>19%</span><span style="font-size:12.0pt"><o:p></o:p></span></p>
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<p class="MsoNormal"><span class="gmaildefault"><span style="font-size:12.0pt;font-family:"Arial",sans-serif">$4,000,000 to $6,000,000, </span></span><span style="font-size:12.0pt;font-family:"Arial",sans-serif">old rate<span class="gmaildefault"> </span>18%,
new rate<span class="gmaildefault"> </span>23%</span><span style="font-size:12.0pt"><o:p></o:p></span></p>
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<p class="MsoNormal"><span class="gmaildefault"><span style="font-size:12.0pt;font-family:"Arial",sans-serif">$6,000,000 to $7,000,000, </span></span><span style="font-size:12.0pt;font-family:"Arial",sans-serif">old rate19%, new rate<span class="gmaildefault"> </span>26%</span><span style="font-size:12.0pt"><o:p></o:p></span></p>
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<p class="MsoNormal"><span class="gmaildefault"><span style="font-size:12.0pt;font-family:"Arial",sans-serif">$7,000,000 to $9,000,000, old rate 19.5%, </span></span><span style="font-size:12.0pt;font-family:"Arial",sans-serif">new rate<span class="gmaildefault"> </span>30%</span><span style="font-size:12.0pt"><o:p></o:p></span></p>
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<p class="MsoNormal"><span class="gmaildefault"><span style="font-size:12.0pt;font-family:"Arial",sans-serif"> $9,000,000 and up, old 20%, new rate 35%</span></span><span style="font-size:12.0pt"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:12.0pt"><o:p> </o:p></span></p>
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<p class="MsoNormal"><span class="gmaildefault"><span style="font-size:12.0pt;font-family:"Arial",sans-serif">What is NOT yet agreed to.....</span></span><span style="font-size:12.0pt"><o:p></o:p></span></p>
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<p class="MsoNormal"><span class="gmaildefault"><span style="font-size:12.0pt;font-family:"Arial",sans-serif">When this will take effect. Senate version has it go back to January 1, 2025 (good for those over 2.193, and below $3,000,000......bad for those in
the top two tack brackets). The House version has this taking effect on July 1, 2025. </span></span><span style="font-size:12.0pt"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:12.0pt"><o:p> </o:p></span></p>
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<p class="MsoNormal"><span class="gmaildefault"><span style="font-size:12.0pt;font-family:"Arial",sans-serif">Also, the house version included the qualified non-familial heir. </span></span><span style="font-size:12.0pt"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:12.0pt"><o:p> </o:p></span></p>
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<p class="MsoNormal"><span class="gmaildefault"><span style="font-size:12.0pt;font-family:"Arial",sans-serif">It is my personal belief that both of these house amendments will pass the Senate version....</span></span><span style="font-size:12.0pt"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:12.0pt"><o:p> </o:p></span></p>
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<p class="MsoNormal"><span class="gmaildefault"><span style="font-size:12.0pt;font-family:"Arial",sans-serif">Please note that the Governor has not weighed in on this specific topic (publically)....but I believe that this will be signed into law. </span></span><span style="font-size:12.0pt"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:12.0pt"><o:p> </o:p></span></p>
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<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Arial",sans-serif">To everyone who helped us lobby in our PERSONAL capacities as practitioners and citizens. Thank you. When we went to Olympia in support of the first bill that simply sought to
fix the inflation indexing, the comments and support of the over 200 signatories to our letter made an impact. <o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Arial",sans-serif"><o:p> </o:p></span></p>
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<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Arial",sans-serif">Should I be re-elected to the RPPT Executive Committee again, I will propose a prospective plan where those who wish to follow legislation can "opt-in" and be kept appraised.
The bill that passed both the House and Senate was made public last week (during Spring Break and Easter Holiday) and the Senate hearing was given less than 24 hours notice. <o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Arial",sans-serif"><o:p> </o:p></span></p>
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<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Arial",sans-serif">For future bills and laws, we will want to put into place a rapid response plan. <o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Arial",sans-serif"><o:p> </o:p></span></p>
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<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Arial",sans-serif">Thank you and stay tuned for the final update after the Governor takes action!<o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Arial",sans-serif"><o:p> </o:p></span></p>
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<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Arial",sans-serif">Brent<o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:12.0pt"><o:p> </o:p></span></p>
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<p class="MsoNormal"><span style="font-size:12.0pt"><o:p> </o:p></span></p>
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<p><b><span style="font-size:12.0pt">Brent Williams-Ruth</span></b><span style="font-size:12.0pt"> (pronouns: he/him)<br>
<i>Attorney-At-Law</i><o:p></o:p></span></p>
<p><b><span style="font-size:12.0pt">Law Offices of Brent Williams-Ruth, </span></b><b><span style="font-size:7.5pt">a division of BWR Consulting, PLLC</span></b><span style="font-size:12.0pt"><o:p></o:p></span></p>
<p><b><span style="font-size:12.0pt">Physical Address: 500 S 336th Street, Suite 214; Federal Way, WA 98003</span></b><span style="font-size:12.0pt"><o:p></o:p></span></p>
<p><b><span style="font-size:12.0pt;color:red">Mailing Address:</span></b><b><span style="font-size:12.0pt"> PO BOX 3319; Federal Way, WA 98063 </span></b><span style="font-size:12.0pt"><o:p></o:p></span></p>
<p><span style="font-size:12.0pt">Office/Scheduling Phone:<span style="color:#004080"> </span><span style="color:red">(253) 285-7751</span><o:p></o:p></span></p>
<p><span style="font-size:12.0pt;color:red">For All Meetings & Scheduling: <a href="mailto:info@williams-ruthlaw.com" target="_blank">
info@williams-ruthlaw.com</a></span><span style="font-size:12.0pt"><o:p></o:p></span></p>
<p><span style="font-size:12.0pt"><a href="mailto:Brent@Williams-RuthLaw.com" target="_blank">e-mail</a> / <a href="https://urldefense.proofpoint.com/v2/url?u=http-3A__www.williams-2Druthlaw.com_&d=DwMFAg&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=H6n6r-DFlIz7r5VdHBmWpbj50tmhBsMLlFcQIU1RVMM&m=taj4hPIpt1qzfA4mLxIiLOZrrwCuUrnB1GQrVBj48_N5LyPm-Y4rqfFPcVtTrT_X&s=G7rGmRFD6UuA-gs_rloW0OYrCnjP0Q5sLUcpni05qoM&e=" target="_blank">website</a> /</span><span style="font-size:9.5pt"> </span><span style="font-size:12.0pt"><a href="https://urldefense.proofpoint.com/v2/url?u=http-3A__www.facebook.com_bwrlaw&d=DwMFAg&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=H6n6r-DFlIz7r5VdHBmWpbj50tmhBsMLlFcQIU1RVMM&m=taj4hPIpt1qzfA4mLxIiLOZrrwCuUrnB1GQrVBj48_N5LyPm-Y4rqfFPcVtTrT_X&s=lC04jmCV2A5hBKooczawZsNgSlvG0Elydow_YcbLTd8&e=" target="_blank"><span style="font-size:9.5pt">facebook</span></a></span><span style="font-size:9.5pt"> / </span><span style="font-size:12.0pt"><o:p></o:p></span></p>
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