[WSBARP] Washington estate tax

[Chris B]

I am not an estate planner, but I am getting quite a few inquiries about how to plan for the Washington estate tax.  Specifically, I have quite a few clients moving their residence outside of Washington, but who still have investment properties and/or vacation homes in Washington.

Are there any especially good resources to learn the planning strategies.  For example, is there any benefit for using foreign LLCs to hold Washington properties? Similarly, what about using or avoiding Washington LLCs to hold assets outside the state.  

I am also curious what my colleagues are experiencing. I am seeing a huge number of high net worth individuals and families leaving Washington.

FWIW, I’ve reviewed the DOR website and am only more confused.

Christopher T. Benis
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