[WSBAPT] Any Tricks or Tips to Avoid REET on Subsequent Transfers

[Matt Yates]

I have an estate where Mother left estate to son and daughter in equal shares.  They have other reasons that they cannot work out a non-pro rata distribution so have resolved to take Mother's house as tenants in common and then son would like to buy out daughter's interest in Mother's house.  I am relatively certain that no REET exemption will apply to subsequent transfer (458-61A-202(6)) from sister to brother of her interest but wanted to ensure that I have not missed any opportunity.  Thus, I am asking the braintrust.  Any advice is welcome.

Cheers,

Matt


Matthew D. Yates
Attorney at Law
Yates Marshall, PLLC
10000 NE 7th Avenue, Suite 200
Vancouver, WA 98685
Phone: (360) 449-6100
Fax: (360) 449-6111
matt at yatesmarshall.com<mailto:matt at yatesmarshall.com> (New Email Address)
www.yatesmarshall.com

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