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On February 5, 2026, Washington state lawmakers passed a series of new laws that will have a significant impact on trusts and estates in the state. One of the key changes is a revision to the inheritance tax laws, which will now affect a wider range of individuals and families.Under the new legislation, the threshold for the inheritance tax has been lowered from $2.193 million to $1.5 million. This means that more estates will be subject to the tax, which is levied on the transfer of assets from a deceased person to their heirs. The tax rate remains the same, ranging from 10% to 20% depending on the value of the estate.In addition to the changes in the inheritance tax laws, the new legislation also includes provisions for trusts. One of the main changes is the introduction of a new type of trust called a "domestic asset protection trust." This type of trust allows individuals to protect their assets from creditors while still retaining some control over how the assets are distributed.The new laws also address issues related to estate planning and probate. For example, the legislation includes measures to streamline the probate process and make it easier for families to navigate the legal requirements of settling an estate. This is aimed at reducing the time and costs associated with probate, which can often be a lengthy and complex process.Overall, the new legislation represents a significant overhaul of Washington's trusts and estates laws. While some of the changes may be challenging for individuals and families to navigate, they are ultimately aimed at ensuring that the state's laws keep pace with the evolving needs of its residents. It is important for individuals with trusts and estates in Washington to consult with a qualified attorney to understand how these changes may impact their financial planning and estate administration.