[WSBAPT] Foreign inheritance taxes

[Diane J. Kiepe]

Hi John,

Interesting question and why tax provisions in Wills can become crucial.  I would start with the Will and, if it says, as many Wills do, that taxes charged by reason of death of decedent  is paid from the residuary of estate I would say yes.

This is simply my gut response but I seem to recall this topic from days gone by in the discussions of drafting personalized tax provisions for QTIP property and other unusual circumstances.

Best to you,

Diane J. Kiepe

Diane J. Kiepe
Douglas Eden
717 W. Sprague Ave.
Suite 1500
Spokane, WA  99201
djkiepe at depdslaw.com<mailto:djkiepe at depdslaw.com>
509-455-5300

From: wsbapt-bounces at lists.wsbarppt.com <wsbapt-bounces at lists.wsbarppt.com> On Behalf Of John Wickham
Sent: Monday, June 15, 2020 5:31 PM
To: wsbapt at lists.wsbarppt.com
Subject: [WSBAPT] Foreign inheritance taxes


Listmates:

Hypo: in a Washington probate, the Will contains a specific bequest to a citizen of a foreign country, who resides in that foreign country, of a modest piece of Washington real property.

That foreign country will assess a stiff inheritance tax when the citizen receives the bequest, whether it is still real property or whether the PR sells it and sends the net proceeds.

Does the estate bear any responsibility to the foreign government for its tax on its own citizen?

Thanks for your thoughts.

John

--

John D. Wickham

P.O. Box 893

Friday Harbor, WA 98250

360-378-7178

360-378-0849 Fax



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