Elevated Estate Planning, P.S. | October 8, 2025 | Trusts
Can a Trust Help Me Reduce Washington State and Federal Estate Taxes?
Note: For deaths in 2026, the Washington State Department of Revenue sets the estate tax filing threshold and exclusion amount at $3,076,000 per individual. This exemption, which applies to both residents and non-residents with WA property, is not portable between spouses and does not include an automatic, 6 million combined exemption. Estate planning in Spokane can start to feel…
Elevated Estate Planning, P.S. | May 2, 2025 | Trusts
What is a Memorandum of Trust Used For?
One of the primary benefits of having a Revocable Living Trust is the privacy offered by this estate planning method. Unlike a Will, which becomes a matter of public record when it’s offered for probate, your Trust Agreement does not become public. So, your business remains your business. What happens, then, when you are attempting…