Estate Planner Bellevue WA

Estate Planners in Bellevue, WA are attorneys that provide legal, as well as tax counsel and aid. They provide many different services, mainly in regards to wills, trusts, beneficiary appointments, and powers of appointment. Below you will find a list of Estate Planners in your local area.

Sangeeta Saigal
(425) 284-3077
11820 Northup Way Ste E200
Bellevue, WA
Specialties
Estate Planning, Elder Law, Guardianship, Family, Administrative Law
State Licensing
Washington

Shahzad Qamer Qadri
(425) 869-4040
2340 130th Ave Ne Ste 150
Bellevue, WA
Specialties
Business, Contracts, Estate Planning, General Practice, Immigration, Intellectual Property, Litigation
Education
Seattle University School of Law
State Licensing
Washington

Thomas P. Vest
(425) 644-2200
1530 140th Ave Ne Ste 210
Bellevue, WA
Specialties
Bankruptcy, Contracts, Estate Planning, Land Use & Zoning
State Licensing
Washington

Kristin Lillquist Reeder
(425) 861-1109
12501 Bel Red Rd Ste 215-B
Bellevue, WA
Specialties
Elder Law, Probate, Guardianship, Estate Planning
Education
University of South Carolina, Columbia,University of Washington -Seattle
State Licensing
Washington

Charles Phillip Farrington
(425) 451-3583
12501 BELLEVUE REDMOND RD STE 215
BELLEVUE, WA
Specialties
Tax, Estate Planning, Business, Trusts, Wills
Education
University of Miami School of Law,Willamette University College of Law,Seattle University
State Licensing
Washington

Matthew Jolly
(425) 462-9394
9 Lake Bellevue Dr Ste 218
Bellevue, WA
Specialties
Estate Planning, Family
State Licensing
Washington

Irving A Sonkin
(425) 289-3443
12715 Bel Red Rd Ste 150
Bellevue, WA
Specialties
Business, Estate Planning, Land Use & Zoning, Lawsuits & Disputes
State Licensing
Washington

Lawrence Freeman Brown JR
(425) 222-6374
40 LAKE BELLEVUE DR STE 100
BELLEVUE, WA
Specialties
Business, Tax, Estate Planning, Probate
Education
University of California at Davis School of Law,Seattle Pacific University
State Licensing
Washington

Deborah C Pederslie
(425) 241-3231
677 120th Ave Ne Ste 2a-248
Bellevue, WA
Specialties
Business, Contracts, Estate Planning, Family, Intellectual Property, Land Use & Zoning
State Licensing
Washington

Vivien Kitman Tse Chang
(425) 605-1234
12715 Bel Red Rd Ste 204
Bellevue, WA
Specialties
Estate Planning
Education
Loyola Law School,Univ of California Irvine
State Licensing
California, Washington

The 529 College Savings Plan as an Estate Planning Move



Let’s take a brief look at the 529-college savings plan as an estate-planning move. A 529 plan is not merely just a great vehicle to fund your child or grandchild’s future. A 529 plan is an excellent tool to remove money from your taxable estate. This will assist you in lowering your tax liability and keeping intact more of your estate for your loved ones once you pass.

All 50 states and the District of Columbia now offer some type of 529 savings plans. A 529 plan is a state sponsored savings plan that invests money on behalf of beneficiaries. The earnings are tax deferred from federal income tax and most states have programs that will defer state taxes. If your beneficiary uses the money from this fund for any qualified education purpose, the withdrawals will be free of tax.

There is a lot of competition between states that has lead to very large contribution limits. This is good news for you as you plan your estate. 529’s have extremely simple investment options- age based and individual portfolios. Basically, these college savings plans afford the family the ability to transfer wealth from generation to generation, free of income, estate and gift taxation.

So what makes a 529 college savings plan so attractive to an estate planner? They do not have any income limits unlike the educational IRAs. Almost everyone can qualify for a 529. And if you’re looking for a way to reduce your estate tax bill, this is a great solution. Take advantage of $11,000 in annual tax-free gift contributions. If you’re married that means you can contribute up to $22,000 for each beneficiary in one year. This is free from federal gift tax penalties. It is advisable to look into your state laws on gift planning for 529’s as they vary.



If you need to reduce the size of your estate you could contribute up to $60,000 (five years worth of gifts) in year one of a five-year period. Or if you’re married you can contribute up to $120,000. This is a good resource to transfer wealth by reducing the size of your estate and do away with estate taxes.

The account owner is always in charge of the plan’s assets. Even though the monies added are considered gifts, the owner does keep control. The donors can even take back the money for themselves or transfer the account to another beneficiary. If the owner of a 529 account were to die, the value of the account would not be counted in the estate. The account value would be in the beneficiary’s estate. The exception to this would be if you had made the 5-year election and passed before the 5 years was over. Then, the part of the contribution that was assigned to the years after your death would be included in your federal gross estate.

It is also very easy to move the money in an account through 529 rollovers or by changing your beneficiary. If you have a need to distribute your estate, you can set up 529 plans for a large array of family members. This includes children, siblings, grandchildren, uncles, aunts, stepfamily, cousins and so forth.

If you need to transfer wealth, look into 529 plans as part of your estate planning strategy. At the very least, the 529 college savings plan, as an estate-planning move is something to discuss in more depth with your tax professional. This is an extremely generous gift for your beneficiary. Imagine the reward of knowing you've provided someone with the gift of an education.