[WSBAPT] House

[John McCrady]

Thank you for your excellent advice.  I appreciate your help.

 

John McCrady

Counsel

Puget Sound Title Company

5350 Orchard Street West

University Place WA 98466

253-476-5721

 

From: wsbapt-owner at lists.wsbarppt.com
[mailto:wsbapt-owner at lists.wsbarppt.com] On Behalf Of John McCrady
Sent: Wednesday, April 09, 2014 9:24 AM
To: WSBA RPPT Probate & Trust Discussion Forum
Subject: [WSBAPT] House

 

A basic question, I hope:

 

A friend’s mother recently passed away.  My friend has been appointed PR
with non-intervention powers.  He is sole heir, and the main asset of the
estate is her house, worth about $150,000.

He questions whether he should:

1 )Convey the property to himself, and then sell the house when he is
ready to do so, or

 

2) Sell the property as PR.

 

Is there a capital gains advantage, or any other advantage, going one way
or the other?

 

Any guidance I can get would be appreciated.

 

 

John McCrady

Counsel

Puget Sound Title Company

5350 Orchard Street West

University Place WA 98466

253-476-5721

 

 

 

 

 

=======================

- To contact the list administrator, send a message to:
webmaster at wsbarppt.com 

- To unsubscribe, send a new email addressed to: imail at lists.wsbarppt.com,
with the following in the body of the message: unsubscribe wsbapt - OR -
send a message to webmaster at wsbarppt.com asking that you be removed from
the wsbapt list. 

Information provided on this list should not be considered legal advice.
As with all lists - let the reader beware! No warranties or
representations are made as to the accuracy of any information provided.
All opinions and comments in this message represent the views of the
author and do not necessarily have the endorsement of the Washington State
Bar Association nor its officers or agents. 

=======================


- To contact the list administrator, send a message to:
webmaster at wsbarppt.com

- To unsubscribe, send a new email addressed to: imail at lists.wsbarppt.com,
with the following in the body of the message: unsubscribe wsbapt - OR -
send a message to webmaster at wsbarppt.com asking that you be removed from
the wsbapt list.

Information provided on this list should not be considered legal advice.
As with all lists - let the reader beware! No warranties or
representations are made as to the accuracy of any information provided.
All opinions and comments in this message represent the views of the
author and do not necessarily have the endorsement of the Washington State
Bar Association nor its officers or agents. 

-------------- next part --------------
A non-text attachment was scrubbed...
Name: winmail.dat
Type: application/ms-tnef
Size: 21643 bytes
Desc: not available
URL: <http://mailman.fsr.com/pipermail/wsbapt/attachments/20140409/dbee4ef4/winmail.dat>