[WSBAPT] Will provisions - purchase of family home

[Krista MacLaren]

If the price were under market value then maybe there would be tax implications?  Maybe the will should specify the person would have the right to purchase the house at FMV.


Krista J. MacLaren
Attorney at Law
Northgate Executive Center II
9725 3rd Ave NE, Suite 600
Seattle WA 98115
(206) 523-6116
kjm.inc at icloud.com

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> On Jul 20, 2018, at 4:38 PM, J Richard McEntee, Jr. <jrmcentee at gmail.com> wrote:
> 
> Good evening —
> 
> I just received a question and am not certain of the answer. Client would like a provision in the will that allows a beneficiary to purchase the “family home” at a set price stated in the will. It seems as though this should not be an issue. However, I have not see it before. What concerns might there be related to such a provision?
> 
> Thank you
> Rich
> 
> 
> RICH McENTEE
> McENTEE LAW OFFICE
> 3800 Bridgeport Way W, Ste A411
> University Place, WA 98466
> 253.227.9894(m)
> jrmcentee at gmail.com <mailto:jrmcentee at gmail.com>       
> 
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