In re Mastro (Bankr. W.D. Wash. 2011) — Case Review
A Seattle developer’s Belize trust and Delaware series LLCs were unwound in bankruptcy. What the court found on timing, control, and the spouse’s liability.
A Seattle developer’s Belize trust and Delaware series LLCs were unwound in bankruptcy. What the court found on timing, control, and the spouse’s liability.
Washington has no asset protection trust statute, and its LLC statute allows foreclosure. What the case law shows works for Washington residents — and when.
Washington Estate Tax: $3M Exemption, 35% Top Rate, No Portability. Washington taxes estates above $3 million at rates now reaching 35%, with no spousal portability. The federal exemption is $15 million. That gap is the whole problem.