Estate Planning and Wealth Transfer
Explains estate and gift tax planning intended to guide asset transfer to heirs and reduce exposure to state and federal estate tax.
Seattle Estate Planning and Wealth Transfer Lawyer
Offering Comprehensive Estate Planning in Seattle, Washington
Lana Kurilova Rich at Lana Kurilova Rich PLLC can help you provide guidance to your loved ones in the event of your death or diminished capacity, as well as with sophisticated planning to avoid estate and gift taxes under state and federal law. We recommend that you review your existing estate plan annually and update it as necessary, especially when a life-altering event takes place (such as marriage, divorce, death, birth, start or end of a business, and so forth).
Our Bellevue, Washington, law firm can update an existing estate plan or help you build one from scratch. We represent clients in King, Snohomish and Pierce counties, and throughout the state. Call or e-mail our Seattle estate planning and wealth transfer attorney today to arrange a consultation.
King County Attorney, Covering Estate Planning Basics Such As Wills, Powers of Attorney and Tax Planning
Our main goal is to make sure clients actually understand the documents we create on their behalf. Attorney Lana Rich explains all of the elements in a language you can understand. It is important that you clearly understand your estate plan, instead of having an attorney create documents that have no real meaning to you. You should be able to explain to your family, if you wish, what your plan is. If you cannot verbalize your plan, this means that your attorney did an inadequate job of explaining it to you. The basic plan is important because it ensures that your family knows your wishes and is not forced to make difficult decisions at the time of your death, illness or mental infirmity. We cover all the bases:
- A legal will to divide your estate among chosen heirs
- Power of attorney to run your business and financial affairs
- An advance directive (living will) for end-of-life issues
- Health care power of attorney to make medical decisions if you cannot
- Guardianship of minor children in the event of your death
For Wealth Transfer and Tax Planning Assistance, Contact Our Bellevue, Washington, Law Firm
Many of our clients have considerable assets that they wish to pass on to the next generation without triggering massive taxes. Washington estate taxes kick in at $2 million, and federal taxes may also apply. Lana Rich is an experienced tax lawyer who can advise on:
- Gifting programs for gradual transfer of assets to heirs
- Various types of trusts to pass assets directly to heirs without probate and with minimal taxation
- Other wealth transfer and asset protection vehicles
- Special needs trusts and charitable trusts
- Business succession planning
We take a comprehensive approach to estate planning that starts with sitting down with clients and really listening to their goals and concerns about the future. Contact us by e-mail or call (425) 289-0629 to arrange an appointment with our experienced King County wills, powers of attorney and tax planning lawyer.
About Attorney Lana Kurilova Rich
- Washington tax attorney since 2003: Lana Kurilova Rich has been admitted to the Washington State Bar since 2003 and has focused her practice on tax law since opening Lana Kurilova Rich, PLLC the same year.
- Master of Laws in Taxation (LL.M.): Lana earned her LL.M. in Taxation from the University of Washington School of Law in 2007 in addition to her J.D. from Seattle University School of Law in 2003.
- Former Court of Appeals law clerk: Lana served as Law Clerk to the Honorable Elaine Houghton of the Washington State Court of Appeals, Division II.
- Bilingual: English and Russian: Born and raised in Russia, Lana is fluent in Russian and licensed to practice law in the Russian Federation in addition to Washington State.
- Federal, state, and international scope: Lana represents clients before the IRS, Washington State agencies (DOR, ESD, and L&I), and on cross-border tax matters including FBAR and Form 8938 compliance.
- Direct attorney communication: Clients work directly with Lana Kurilova Rich, not a routing desk. Calls and emails are returned promptly throughout the engagement.
- Pro bono Low Income Taxpayer Clinic: Lana has volunteered with the Low Income Taxpayer Clinic since 2006, helping qualifying taxpayers resolve IRS disputes at no cost.
- Integrated tax preparation and bookkeeping: The firm provides federal and state tax preparation alongside legal representation, reducing handoffs and accelerating resolution.
We invite you to contact our Bellevue, Washington, law office today by phone or by e-mail to discuss your case with our experienced tax lawyer. We are here to help.