[WSBAPT] 6-month-old commercial appraisal for valuation?

[Diane J. Kiepe]

If a Washington Estate Tax Return is needed to be filed, the DOR would probably require an update.  Also, given income tax basis rules, I would likely be inclined to get a date of death value.  I believe reasonable minds may differ 😉

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 Morgan Madison
Sent: Friday, August 5, 2022 11:48 AM
To: wsbapt at lists.wsbarppt.com
Subject: [WSBAPT] 6-month-old commercial appraisal for valuation?

Listmates:

Decedent passed away owning an LLC interest. The LLC’s only asset is commercial real estate that was appraised 6 months before death for a refinance. Will this appraisal suffice to establish the asset value, or must the PR obtain a new appraisal?

Thanks for your input.

Morgan K. Madison
ATTORNEY



[Logo, company name  Description automatically generated]
253.222.7778

3812 North 26th Street, Suite B
Tacoma, WA 98407

madeira-legal.com


NOTICE: This communication may contain confidential information, material protected by attorney-client privilege, or attorney work product. If you have received it in error, please advise the sender by reply email and immediately delete this message and any attachments without disclosing, copying, or otherwise sharing the contents. Thank you.


-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://mailman.fsr.com/pipermail/wsbapt/attachments/20220805/711c1a33/attachment.html>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: image001.png
Type: image/png
Size: 12752 bytes
Desc: image001.png
URL: <http://mailman.fsr.com/pipermail/wsbapt/attachments/20220805/711c1a33/image001.png>