[WSBAPT] House

[John McCrady]

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. 

-------------- next part --------------
A non-text attachment was scrubbed...
Name: winmail.dat
Type: application/ms-tnef
Size: 18623 bytes
Desc: not available
URL: <http://mailman.fsr.com/pipermail/wsbapt/attachments/20140409/d1a96aaa/winmail.dat>