Elevated Estate Planning, P.S. | September 2, 2025 | Estate Tax Planning
Three Ways to Save on Washington Estate Taxes
The estate tax in Washington is among the highest in the country. The amount of estate taxes range from 10 to 20 percent and they increase depending on the value of the estate. Unlike other states, though, Washington does not have an inheritance tax. An inheritance tax is placed on the beneficiaries of the estate,…
Elevated Estate Planning, P.S. | April 10, 2025 | Estate Tax Planning
What Is the Difference Between Estate, Inheritance, and Gift Taxes in Washington?
The estate tax is often misunderstood. Many Washington residents assume they need to engage in complex estate planning just to avoid the possibility their heirs will owe the government money. But the current reality is that the vast majority of Washingtonians will not leave a sizable enough estate to trigger any estate tax obligations under…