[WSBAPT] [WSBARP] Valuing a Life Estate Interest

[Karen E. Boxx]

https://www.irs.gov/pub/irs-pdf/p1457.pdf

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On Sep 16, 2021, at 11:37 AM, deborah at neillaw.com wrote:

 Thank you!

Deborah Jameson
(Pronouns: she/her/hers)

Neil & Neil, P.S.
5302 Pacific Avenue
Tacoma, WA  98408
253-475-8600
253-473-5746 FAX

If your matter is urgent, please call my office.  Also, this message is not encrypted and it may not be secure or protected by attorney-client privilege.


On Sep 16, 2021, at 11:29 AM, Diane J. Kiepe <DJKiepe at depdslaw.com<mailto:DJKiepe at depdslaw.com>> wrote:

Hello

The IRS publishes actuarial charts with information required to calculate a life estates; the calculation is based on life expectancy and the AFR applicable at the time of transfer.  It’s been a while since I have ran this calculation but if you don’t find what you’re looking for, feel free to reach out to me.

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<mailto:wsbapt-bounces at lists.wsbarppt.com> <wsbapt-bounces at lists.wsbarppt.com<mailto:wsbapt-bounces at lists.wsbarppt.com>> On Behalf Of deborah at neillaw.com<mailto:deborah at neillaw.com>
Sent: Thursday, September 16, 2021 11:11 AM
To: WSBA Real Property Listserv <wsbarp at lists.wsbarppt.com<mailto:wsbarp at lists.wsbarppt.com>>
Cc: wsbapt at lists.wsbarppt.com<mailto:wsbapt at lists.wsbarppt.com>
Subject: [WSBAPT] [WSBARP] Valuing a Life Estate Interest

Hello,

I have a situation where a person has a life estate in property held by a trust.  The additional money in the trust is not sufficient to pay for the property long-term and the trustee is considering selling the property.  As a part of that transaction, we would want to know the value of the life estate interest so we could reach some agreement with the beneficiaries (post life estate).

I saw something on the internet about valuing a life estate, but I thought it would be wise to see if anyone has a person or chart to recommend for valuing life estates.

Thank you.

Deborah Jameson
(Pronouns: she/her/hers)

Neil & Neil, P.S.
5302 Pacific Avenue
Tacoma, WA  98408
253-475-8600
253-473-5746 FAX

If your matter is urgent, please call my office.  Also, this message is not encrypted and it may not be secure or protected by attorney-client privilege.

***Disclaimer: Please note that RPPT listserv participation is not restricted to practicing attorneys and may include non-practicing attorneys, law students, professionals working in related fields, and others.***
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