Given today's high tax rates on ordinary income, it only makes sense to plan for long-term capital gain treatment of your income whenever legally possible. We can help you do that, as well as, in many cases, to defer the taxes on those capital gains upon sale of your investment properties by guiding you through the requirements for reinvestment of the proceeds in a "Section 1031" exchange. In many cases, through proper and legal estate planning techniques, we can assist you in deferring gain for an entire lifetime and passing your property on to your children or other heirs free of any income tax whatsoever.

And, although the estate tax exemptions have recently been substantially liberalized, the estate tax of large estates after 2010 is very much uncertain. We can reduce, or in some cases eliminate, estate taxes on larger estates by selection and implementation of estate planning strategies that are right for you.

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The above is furnished as general information relevant in the State of Washington only and may not be relied on as legal advice, specific to any situation or otherwise, by any person, whether or not a client of the firm.