[WSBAPT] One Heir Purchasing Other Heir's interest in House

[Marcus Fry]

Jeff,
I cannot recall the specific case but i have done it.  Just draft a PSA between estate and heir for the agreed upon purchase amount. Insert lang acknowledging that purchase price is reduced and that upon completion will be deemed to receive his/her share in full.
Remember excise tax and closing costs need to be addressed between estate and purchasing heir.

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From: wsbapt-bounces at lists.wsbarppt.com <wsbapt-bounces at lists.wsbarppt.com> on behalf of Jeff at bellanddavispllc.com <Jeff at bellanddavispllc.com>
Sent: Tuesday, June 17, 2025 1:12:54 PM
To: 'WSBA Probate & Trust Listserv' <wsbapt at lists.wsbarppt.com>
Subject: [WSBAPT] One Heir Purchasing Other Heir's interest in House

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Listmates:



Mom passed.  Her two children will share equally.  One wants to purchase the other’s interest in mom’s home by paying $X to the other heir.  How best to structure this?  Is  P & S done with the estate with the proceeds going directly to the other heir and the PR deed going to the buying heir?  Does anyone have a contract, they can share, that does this?



Jeff Davis



W. Jeff Davis

BELL & DAVIS PLLC

Attorneys at Law
P.O. Box 510

720 E. Washington Street, Suite 105
Sequim WA 98382
Phone: (360) 683.1129
Fax: (360) 683.1258
email: jeff at bellanddavispllc.com<mailto:jeff at bellanddavispllc.com>
www.bellanddavispllc.com<http://www.bellanddavispllc.com/>

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