[WSBAPT] Rule of Thumb for Distribution Disparity?

[Brent Williams-Ruth]

Thank you all for the responses both online and directly!

Have a great tuesday.

Brent

On Tue, Feb 27, 2018 at 8:44 AM, Heather deVrieze <
heatherd at westseattlelaw.com> wrote:

> Why not structure it as a sale to the heir, at least a sale for the
> $65,000 that isn’t the inheritance. The estate, or the other heirs could
> set closing out far enough that the recipient could get their money
> together, get a loan, or otherwise, or could simply take back a note and
> deed of trust at closing, with a balloon payment due down the road.
>
>
>
> Heather
>
>
>
> Heather S. de Vrieze
> *Attorney-at-Law*
>
> *[image: cid:image001.jpg at 01D013C2.30F35160]*
>
> 3909 California Avenue SW
>
> Seattle, WA 98116-3705
>
> (206)938-5500 <(206)%20938-5500>
>
> heatherd at westseattlelaw.com
>
> www.westseattlelaw.com
>
> *Click here to connect with de Vrieze | Carney on Facebook: *  *[image:
> FB Logo]* <https://www.facebook.com/DeVriezeCarney>
>
>
>
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> *From:* wsbapt-bounces at lists.wsbarppt.com [mailto:wsbapt-bounces at lists.
> wsbarppt.com] *On Behalf Of *Brent Williams-Ruth
> *Sent:* Tuesday, February 27, 2018 7:57 AM
> *To:* WSBA Probate & Trust Listserv <wsbapt at lists.wsbarppt.com>
> *Subject:* [WSBAPT] Rule of Thumb for Distribution Disparity?
>
>
>
> 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 <brent at bwrconsults.com> / website <http://www.bwrconsults.com> /
> facebook <http://www.facebook.com/bwrconsults>
>
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-- 

*Brent Williams-Ruth*
*Founding Member*

*BWR Consulting, PLLC*

Phone: (425) 830-5134

e-mail <brent at bwrconsults.com> / website <http://www.bwrconsults.com> /
facebook <http://www.facebook.com/bwrconsults>
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