[WSBAPT] Rule of Thumb for Distribution Disparity?

[Felicia Value]

You could move the agreement from "in principal" to a simple nonjudicial 
TEDRA agreement among the heirs,  and include a date certain when all 
monies must be paid,  or the property gets sold.


On 2/27/2018 7:57 AM, Brent Williams-Ruth wrote:
> One of my probate matters involves two pieces of real property but 
> three heirs. The heirs have agreed, in principle, that each property 
> will pass to one heir and they will pay the estate back for the excess 
> over their share.  The oldest heir and executor is concerned that the 
> younger sibling will not pay what she owes back to the estate (share 
> of estate is $150k, this particular house is worth $215k - thus heir 
> will need to pay Estate $65k)
>
> My question - is there a standard time by which someone should pay 
> back the estate before the Executor can reasonably say they are simply 
> dragging out the process and decide to sell and distribute the 
> proceeds? I was looking through the RCW and did not see any guidance 
> for a situation like this.
>
> Appreciate the feedback as we want to be fair to the heirs that knew 
> they were going to be writing checks back to the Estate, but also to 
> keep the process moving forward if they cannot come up with the funds 
> and we need to list the property for sale.
>
> Thank you,
> Brent
>
> -- 
>
> *Brent Williams-Ruth*
> /Founding Member/
>
> *BWR Consulting, PLLC*
>
> Phone:(425) 830-5134
>
> e-mail <mailto:brent at bwrconsults.com> / website 
> <http://www.bwrconsults.com> /facebook 
> <http://www.facebook.com/bwrconsults>
>
>
>
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-- 
Felicia Value
Attorney at Law
PO Box 578/116 N. Third
La Conner,  WA 98257
(360) 466-2088
Felicia at skagitprobate.com

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