[WSBAPT] TEDRA Question

[Ross Gardner]

Good Morning All,

I am working on an intestate probate case where the only asset in the
estate is a heavily leveraged home.  The decedent passed in 2011, and her
grandson has been making upgrades to and paying for the upkeep on the
home.  He has gotten it fixed up to the point that he has started to rent
it out.  The decedent had 5 children, all still living and in their 50's
and 60's, although most are out of state and independently wealthy.  The
children have a desire to keep the property in the family, but none of them
can manage the property. They want to transfer the property to the grandson
outright, but cannot just waive their interest in the property because
there are other grandchildren who would inherit the property along with the
grandson.

I am wondering what the best course of action would be to handle this.  Can
the estate simply quitclaim the property to the grandson?  Is a TEDRA
action necessary?  Any and all thoughts are welcome.

Thank you so much!

Best Regards,

Ross Gardner
Attorney
Phone: 425-870-4430
E-Mail: Ross at rossgardnerlaw.com
Online: www.rossgardnerlaw.com
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