Coordinated Estate Planning

Dealing with complex estates after the passing of a loved one can bring stress and uncertainty in an already difficult time. Supporting our clients requires clear communication and close collaboration with attorneys, CPAs and others.

Coordinated Estate Planning

Understanding how to handle a complex estate requires a team effort. We work closely with attorneys and CPAs to help families understand the estate and act strategically to ensure all beneficiaries are cared for.

SCENARIO

Complex Estate Coordination
After the passing of their spouse, our client was left with a significant estate that included multiple trusts. The family wanted to ensure mom would be taken care of, but also minimize the tax impact of any gifting from the estate. Washington State now has an estate and gift tax on any amount beyond $2.193m, so the client’s attorney recommended that she gift assets in excess of $2.193m to her children. We determined that she would have more than enough income for her needs between the remaining $2m and access to trust funds that were funded after her spouse’s death.

We coordinated four significant gifts to meet the attorney’s direction, while also working closely with the client’s CPA to be fully prepared for any capital gains taxes resulting from making cash available for the gifts.

We’re here to help.

Let us help lift the financial anxiety associated with your estate planning. Know that your advisory team is here for you to help navigate the complexities and choices you face when managing an estate.

“When it comes to complex estates, it takes a team effort. We work closely you’re your attorneys, accountants and tax professionals to ensure seamless coordination of your estate plan.”

BRIAN MARS
President & COO, Senior Financial Advisor

KEY CONSIDERATIONS – TAX-WISE ESTATE PLANNING

Wishes of benefactor
Advice of attorneys, CPAs, or family financial managers
Complexity of the estate

Needs of primary beneficiary(s)
Number and needs of additional beneficiaries
Tax implications of gifts or sale of stock from estate

Wishes of benefactor
Advice of attorneys, CPAs, or family financial managers
Complexity of the estate
Needs of primary beneficiary(s)
Number and needs of additional beneficiaries
Tax implications of gifts or sale of stock from estate

Scott Jewett, CFP^®

CEO, Senior Financial Advisor

Credentials

CERTIFIED FINANCIAL PLANNER™

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“We get to go through life with our clients. I feel privileged to meet with them and hear about what is happening in their world and with their families. They share their dreams and fears with us, and we get to help them achieve those dreams and conquer those fears.”

Scott infuses everything in his life with care, dedication and a commitment to helping others. As a financial advisor, he serves his clients with wisdom, integrity and kindness, and he has a knack for making complex things simple. He is proud to lead a team of wonderful people and to have helped shape MarsJewett’s culture of service.

A Bellevue native, Scott graduated with honors from Pacific Christian College with dual degrees in Business Administration and Biblical Studies. After college, he spent the first seven years of his career at Boeing. During that time, he and his wife began helping members of their church who were struggling to manage their finances or facing financial crisis, and this helped spark his passion to become a financial advisor. In 1994, he attended a seminar Glenn (Mars) was teaching for the Boeing Management Association, and a year later, Glenn hired him. The rest, as they say, is history.

Scott feels that he truly found his calling as a financial advisor, as it combines his passion for helping people with his love of untangling the technical complexities of finance and investing. He actually gets excited when Congress changes the tax and finance laws, because it means he gets to dig into the research and figure out new planning strategies that will benefit our clients!

Scott is a devoted husband and father of three. Sports are a lifelong passion for him and his wife Kim, and when they’re not watching their own kids play, you’ll likely find them rooting for the Mariners, Seahawks or Huskies—he even proposed to Kim on the 50-yard line of Husky Stadium. Now that his kids are (mostly) out of the house, he has more time to work on his golf game… and he’s quick to say that it needs some work.

Scott is also very active in his community and his church, where he has served for over 25 years in financial ministry. He previously served on the boards of two non-profit organizations, and currently serves on the trust and investment committee at the school his kids graduated from.