News & Resources

Recent News and Educational Resources from Reed Longyear

Estate Planning At Any Age

Your estate plan must evolve as you age Regardless of the stage of life you are currently in, it is important to bear in mind that your estate plan is not a static document. Reviewing and revising your estate plan is critical — because what is important to you in your 20s or 30s likely […]

Ancillary Probates

With the pandemic legitimizing remote work solutions, more and more people are purchasing and owning real property in multiple states. During life, this situation typically does not cause any issue, however, upon death, this may lead to more administrative work for your executor/personal representative as most jurisdictions require an ancillary probate be initiated to transfer […]

Options for Disposition of Remains in Washington

During the estate planning process, one of the most difficult decisions for our clients is deciding what to do with their body after death. Thankfully, Washington law is progressive and now offers many options for consumers: Burial, Cremation, Composting, and Liquification. BURIAL, CREMATION, COMPOSTING AND LIQUIFICATION The most common methods for disposing of a body […]

Letters of Instruction to Your Fiduciaries

One of the most helpful things a principal completing an estate plan can do for their nominated agents or fiduciaries is to draft a Letter of Instruction (LOI) to provide additional context for their intentions. Like following a recipe with illustrations, a principal not only helps ensure their intent is carried out but also can […]

January 2022 Webinar Presentation Recording

For anyone who missed our seminar (or for those who just want to re-watch!), please enjoy this recording of the 2022 Estate Planning Seminar hosted by Reed Longyear Malnati Corwin & Burnett, PLLC’s Estate Planning & Trust Administration team.  

Happy Holidays from Reed Longyear!

The challenges of 2021 were significant, and we all became accustomed to seeing each other through screens. Here is a collection of photos of our attorneys and staff doing something we enjoyed this year. We look forward to a safe and healthy new year. 

Alternate Valuation Dates

An alternate valuation date can reduce estate tax liability. If you have money invested in the stock market, you are well aware of potential volatility. Needless to say, this volatility can affect your net worth, thus affecting your lifestyle. Something you might not think about is the potential effect on your estate tax liability. Specifically, […]

Contingent Beneficiaries in Your Estate Planning

Although your Will or Revocable Trust governs the distribution of many or most of your assets, certain assets — such as retirement plans, insurance policies, and bank or brokerage accounts — require you to name a beneficiary. This can be an advantage, because when you die the funds can pass directly to your beneficiary without […]

Estate Planning and Your Art Collection

If you are an art collector, it is critical for your estate plan to address your collection separately from other types of assets. Investments in artwork may be motivated in part by financial gain, but for most collectors the primary motivation is a passion for the art itself. As a result, managing these assets involves […]

A New State Capital Gains Tax

Earlier this year, Washington’s legislature passed Senate Bill 5096, which was signed by Governor Jay Inslee on May 4, 2021, and has since been codified under RCW 82.87. Starting on January 1, 2022, the new law imposes a 7% capital gains tax on annual federal long-term capital gains in excess of $250,000. The new tax […]