[WSBAPT] Delaware Statutory Trusts

Fri Jan 26 12:38:30 PST 2018

Check this out from DOR. I hope it helps.

https://dor.wa.gov/find-taxes-rates/other-taxes/estate-tax/estate-tax-apportionment-out-state-property

Nestor Gorfinkel, Attorney at Law

Licensed in Washington & Florida

Florida Civil-Law (International) Notary

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From: wsbapt-bounces at lists.wsbarppt.com [mailto:wsbapt-bounces at lists.wsbarppt.com] On Behalf Of John Creahan
Sent: Friday, January 26, 2018 12:09 PM
To: WSBA Probate & Trust Listserv <wsbapt at lists.wsbarppt.com>
Subject: Re: [WSBAPT] Delaware Statutory Trusts

Hi Julie,

Did you get any responses to this?

I have a client with several DSTs, and have very little success finding information – although I have been researching other issues.

I’d be happy to chat if you like but am not sure how helpful I can be.

Thanks,

John

John Creahan

 <http://www.cairn-law.com/> www.cairn-law.com
Now located in the heart of Fremont
3417 Evanston Ave. N, Suite 312
Seattle, WA 98103
206-578-5877

From: wsbapt-bounces at lists.wsbarppt.com <mailto:wsbapt-bounces at lists.wsbarppt.com>  [mailto:wsbapt-bounces at lists.wsbarppt.com] On Behalf Of Julie Martiniello
Sent: Tuesday, January 23, 2018 11:37 AM
To: Trust and Probate Section <wsbapt at lists.wsbarppt.com <mailto:wsbapt at lists.wsbarppt.com> >
Subject: [WSBAPT] Delaware Statutory Trusts

Is anyone well versed on DSTs? I have some clients doing 1031 exchanges and using these and my questions is: Is the DST included in their WA taxable estate?

Essentially, the trust owns real property all over the US, sometimes in WA, and it is not really a liquid assets- as there are many restrictions on transfer etc. If the DST they invest owns property located out of WA,  then does that amount get apportioned?

My gut says it gets apportioned, but I would love to here from someone with real life knowledge on this! 

TIA
-- 

Respectfully,

JULIE A. MARTINIELLO | PARTNER | DIMENSION LAW GROUP PLLC 
130 Andover Park East, Suite 300 | Tukwila, WA 98188

t: 206.973.3500 | f: 206.577.5090| e: JULIE <mailto:JULIE at dimensionlaw.com|> @dimensionlaw.com|  <http://www.dimensionlaw.com/> www.dimensionlaw.com

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