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

[Jeff at bellanddavispllc.com]

Thank you Marcus!

 

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:  <mailto:jeff at bellanddavispllc.com> jeff at bellanddavispllc.com
 <http://www.bellanddavispllc.com/> www.bellanddavispllc.com
 
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From: wsbapt-bounces at lists.wsbarppt.com <wsbapt-bounces at lists.wsbarppt.com>
On Behalf Of Marcus Fry
Sent: Tuesday, June 17, 2025 1:46 PM
To: WSBA Probate & Trust Listserv <wsbapt at lists.wsbarppt.com>
Subject: Re: [WSBAPT] One Heir Purchasing Other Heir's interest in House

 

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
<mailto:wsbapt-bounces at lists.wsbarppt.com>
<wsbapt-bounces at lists.wsbarppt.com
<mailto:wsbapt-bounces at lists.wsbarppt.com> > on behalf of
Jeff at bellanddavispllc.com <mailto:Jeff at bellanddavispllc.com>
<Jeff at bellanddavispllc.com <mailto:Jeff at bellanddavispllc.com> >
Sent: Tuesday, June 17, 2025 1:12:54 PM
To: 'WSBA Probate & Trust Listserv' <wsbapt at lists.wsbarppt.com
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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:  <mailto:jeff at bellanddavispllc.com> jeff at bellanddavispllc.com
 <http://www.bellanddavispllc.com/> www.bellanddavispllc.com
 
The information contained in this e-mail message may be privileged,
confidential, and protected from disclosure. If you are not the intended
recipient, any dissemination, distribution, or copying is strictly
prohibited. If you think that you have received this e-mail message in
error, please e-mail the sender at  <mailto:info at bellanddavispllc.com>
info at bellanddavispllc.com  or call 360.683.1129.

 

 

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