[WSBAPT] estate pay costs of repairing home, making it marketable, where PR is purchaser?

[Sharon Rutberg]

Hi, folks -

PR is a 50% beneficiary in an estate where the main asset is a house. It is worth about $1 million but needs basic work before being saleable - broken heat pump, bad roof, other issues. The PR wants to purchase the other beneficiary's share of the house and has the funds to do so. Acceptable to use estate funds to do the basic repairs to make the house marketable and then do the "sale" to the PR for fair market value?

Many thanks,
Sharon

Sharon C. Rutberg, Attorney at Law
Salmon Bay Law Group, PLLC
1734 NW Market St.
Seattle, WA 98107
206-735-3177, ext. 2
sharon at salmonbaylaw.com<mailto:sharon at salmonbaylaw.com>
Website: www.salmonbaylaw.com<http://www.salmonbaylaw.com/>
Washington State Bar #47055

NOTICES
The contents of this message and any attachments may be protected by the attorney-client privilege, work product doctrine, and/or other applicable protections. If you are not the intended recipient or have received this message in error, please notify the sender and promptly delete the message. Thank you for your assistance.

-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://mailman.fsr.com/pipermail/wsbapt/attachments/20230504/312263b8/attachment.html>