Take action on SB 6347. It was first intended to roll back Washington Estate Tax Rates, but now under a pending House amendment it may increase taxes by reducing the exemption amount, exposing more smaller estates to the tax.
Premack Probate and Estate Planning Blog
The Premack Probate and Estate Planning Blog, published by The Premack Law Office, focuses on topics related to estate planning and probate law. It covers practical aspects such as the use of revocable living trusts to avoid probate, updates on estate tax laws including exemption amounts and tax rates, and considerations when appointing co-executors for wills. The blog also addresses financial risks related to estate planning, like using home equity to pay off debts, and strategies to manage guardianship requirements for minor beneficiaries in life insurance policies. Overall, it provides guidance on managing and protecting estates, tax implications, and legal procedures involved in estate administration.
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Latest from Premack Probate and Estate Planning Blog
2026 Federal, Texas, and Washington State Estate Taxes
Estate tax exemptions have increased in both Washington state and Washington DC for 2026.
Revocable Living Trusts: Safeguarding Your Legacy
One of the primary advantages of a revocable living trust is that it allows your estate to bypass the probate process.
2025 Estate Tax Update
Washington estate tax changes include an increased exemption amount for individuals dying on or after July 1, 2025, and a higher top tax rate for estates over $9 million
The Risks of Using Home Equity to Pay Off Credit Card Debt
A loan secured by your home places your property at risk. In the event you default on your loan, you are risking loss of your home.
Appointing Co-Executors for Your Will: What to Consider
Dear Mr. Premack: I want all three of my sons to have an equal say as executors of my Will. I’m planning to leave my home to all of them…
Avoiding Guardianship Requirements for Minor Beneficiaries in Life Insurance Policies
Ensuring Your Minor Child or Grandchild Receives Benefits Efficiently When designating a minor, such as a minor child or minor…
How Will Trump's Healthcare Orders Impact Consumer and Senior Healthcare Costs?
Trump has halted Biden’s cost-saving initiatives, resulting in potential benefits for drug manufacturers.
Unpacking the Problems with "Medicare Advantage for All"
Oz’s goals for Medicare would push the program in exactly the wrong direction and harm millions of beneficiaries.
FDIC Deposit Insurance Rules for Trusts: New vs. Old
FDIC Deposit Insurance Rules for Trusts: New vs. Old, changes effective April 1, 2024