Following reports of a unique real estate strategy, a realtor who targeted Gig Harbor residents seeking to avoid estate taxes ended up selling properties out of state, driven by Washington having the highest estate tax in the country.
Rather than moving from one quaint city to another, KIRO host John Curley claimed the reasoning behind most late-life out-of-state moves is that residents are forced out in an attempt to avoid the steep estate taxes in Washington.
“It’s not about the quaint feeling. It’s about the feeling of not having Bob Ferguson up your butt taking money,” Curley said on “The John Curley Show” on KIRO Newsradio. “What you’ll see is people moving out, moving to Idaho, Montana, they’ll go to Nevada,” Curley said. “Think about it, if you were just walking along, working hard, putting money away, and then all of a sudden, boom. You have a heart attack and die. They tax all the assets, whatever it is, your house, everything else you have. It’s all combined in there.”…