Calculator
Washington State Estate Tax Risk Assessment
What is your estate tax risk? Use this calculator to find out.
How did we calculate this?
Your “estate” is the total value of everything you own. When assets in your estate pass to your loved ones at your death, estate taxes are levied by the US government and many states, including Washington State.
In Washington State, your first $2.193 million passes tax-free. Assets above this value are taxed at a rate of up to 20%. The US government allows your first $13.61 million per person to pass tax-free. Assets above this value are taxed at a rate of up to 40%.
This calculator estimates the potential estate tax exposure for an individual and will vary if you are married.
If you are at risk, what can you do?
If you found that you are at risk of owing estate taxes, you have options. We have a free e-book for you with 5 Strategies to Reduce Your Estate Taxes in Washington State.
5 Strategies to Reduce Your Estate Taxes in Washington State
In this e-book you will learn 5 key strategies to reduce your estate tax exposure and increase the impact your legacy makes for your family and the causes you care about.
You’ll learn ways to:
- Fully utilize your estate tax exemptions
- Use gifts to reduce your taxable estate
- Move assets out of your estate and maintain your income
- Protect highly appreciated assets without losing access to them
- Make your trust last for generations
Get this free e-book if you want to increase the impact of your legacy.