[WSBAPT] Probate--Sale of Deceased Home

[Judy Nakashima Shoji]

Sale of home took place this year.  Would reservation of tax powers extend through filing of 2021 tax returns?  

Best regards, 
Judy Nakashima ShojiAttorney at Law2400 NW 80th Street, #511Seattle, WA  98117(206) 947-0649
 

    On Friday, April 9, 2021, 07:28:43 AM PDT, Roger Hawkes <roger at law-hawks.com> wrote:  
 
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I notice the ‘reserve’ rcw limits the retention amount to $3,000; seems like that should be higher, or at least inflation adjusted.
 
  
 
From: wsbapt-bounces at lists.wsbarppt.com <wsbapt-bounces at lists.wsbarppt.com>On Behalf Of Eden Rubenstein Toner
Sent: Friday, April 9, 2021 7:03 AM
To: 'WSBA Probate & Trust Listserv' <wsbapt at lists.wsbarppt.com>
Subject: Re: [WSBAPT] Probate--Sale of Deceased Home
 
  
 
Judy, you can close using a Declaration of Completion that reserves tax powers, RCW 11.68.114.
 
  
 
Eden Rubenstein Toner
 
Attorney at Law
 
Mail only:  21301 Hwy 410 E, #140
 
Bonney Lake, WA  98391
 
Phone 206-953-4485
 
www.edenrtoner.com
 
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From:wsbapt-bounces at lists.wsbarppt.com [mailto:wsbapt-bounces at lists.wsbarppt.com]On Behalf Of Judy Nakashima Shoji
Sent: Thursday, April 08, 2021 12:59 PM
To: WSBA Probate & Trust Listserv
Subject: [WSBAPT] Probate--Sale of Deceased Home
 
  
 
Decedent passed in 2020.  Home was sold earlier this year.  Escrow company has told the administrator that they would send the 1099-S next February.  Are we required to wait until then to close the probate?  
 
  
 
  
 
Best regards, 
 
  
 
Judy Nakashima Shoji
 
Attorney at Law
 
2400 NW 80th Street, #511
 
Seattle, WA  98117
 
(206) 947-0649
 
  
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