If you’re a Washington resident with a sizable estate, big changes are coming to the state estate tax on July 1, 2025. For the first time in over a decade,.
When it comes to passing on your home to your children, there’s an important tax consideration many people overlook: the step-up in tax basis. Understanding this can save your heirs.
If you live in Washington state and are planning your estate, understanding how estate taxes work is crucial. I’m Christopher Small, owner of CMS Law Firm, where we specialize in.
Washington residents face a unique challenge when it comes to estate taxes. If your estate exceeds the state’s exemption threshold, Washington’s estate tax can take a significant chunk of your.
A good estate plan doesn’t just protect your assets—it can change the course of someone’s life. Without it, even well-meaning families can face chaos, conflict, and unnecessary hardship. With it,.
Happy Sunday! First things first, sorry for taking two weeks to get this information to you. I promised to do this last week but forgot (and thanks for those who.
Happy Sunday! Today I wanted to talk about what happens when your estate plan isn’t set up properly – and show you in real life how that has consequences that.
It’s been a long time coming, but Washington State FINALLY updated their estate tax laws.However, as is to be expected, when updates happen, there is a mix of good and.
(Spoiler: It’s not good.)A few years ago, a potential client came in devastated. Her mother had passed, and she’d just discovered that her younger brother — 19 years old, a.
I thought it would be fitting to talk about something really uncomfortable for our 100th edition of the newsletter – and what’s more uncomfortable than death? In all seriousness, when.
