[WSBAPT] Agreement to Buy Out Other Trust Beneficiary

[Philip N. Jones]

Take a close look at the uniform basis rules.  Someone is probably going to have some capital gain to report.  Better that they know about it upfront.
Phil Jones

Philip N. Jones
Duffy Kekel LLP
Portland, OR
pjones at duffykekel.com
(503) 853-1482 cell

On Apr 12, 2021, at 3:47 PM, Jeff at bellanddavispllc.com wrote:


Listmates:

PC wants to buy out one of the other Trust beneficiaries.  The main asset is a house.  Do any of you have such an agreement that I can use as a template?  I assume there is no real estate excise tax issue as the house is still in trust and not being sold, yet.  Am I overly optimistic on that issue?

Jeff Davis
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