Trusts are widely used in estate planning across Washington State, in large part because a trust a properly structured and drafted trust can provide control, flexibility, and tax efficiency. Moreover, a trust can hold a variety of assets such as real estate, investments, and business interests. Because a trust is often considered a separate legal […]
Taxes
What is the Annual Gift Tax Exclusion?
There are many common questions concerning the gift tax imposed by the IRS. Furthermore, many people wonder about the annual gift tax exclusion and whether or not they can use this to their advantage. To better understand the finer details of the gift tax, let’s take a closer look at some of the most common […]
