[WSBAPT] two issues

[Mike Winslow]

Kirsten E. H. Wharton
Lawyer

Westcoast Wills & Estates*
308 - 1200 Lonsdale Avenue
North Vancouver, BC  V7M 3H6
web.  <http://www.westcoastwills.com/> www.westcoastwills.com
tel.    <tel:(604)%20230-1068> 604 230-1068
On your second issue, by "buying from the estate" you may trigger an
unnecessary excise tax payable to the county. Why not distribute the
property to the heir subject to the debt, then refinance with the new
lender?
 
Michael A. Winslow
1204 Cleveland Ave.
Mount Vernon, WA 98273
Ph. 360-336-3321
Em. Mike at winslegal.com
 
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From: wsbapt-bounces at lists.wsbarppt.com
[mailto:wsbapt-bounces at lists.wsbarppt.com] On Behalf Of Allen Draher
Sent: Wednesday, February 06, 2019 5:28 PM
To: WSBA Probate & Trust Listserv
Subject: [WSBAPT] two issues
 
I have two matters:
 
1.	I have an estate with a special needs trust, the beneficiary is a BC
minor.  Does anyone have a contact in the BC bar that might be able to work
with me to find an appropriate trustee.
2.	I represent a PR/sole beneficiary of an estate.  The estate consists
of a variety of real estate with various encumbrances.  One property was
subject to a quiet title action that we have just settled and the estate
will be getting a clear title shortly.  My client proposed "buying" the
property from the estate and using a purchase loan to pay off several higher
interest loans.  Says that the lender is aware it is not an arm's length
transaction.  Who might object to such an arrangement?  
 
Any thoughts appreciated.  Allen
 
 
 
Allen Draher
 
Law Office of Allen Draher, PLLC
5426 California Ave. S.W.
Seattle, WA 98136
 
ph   206-935-2998
 <mailto:allen at draherlaw.com> allen at draherlaw.com
 
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