[WSBAPT] Excise tax question

[Eric Nelsen]

Yes, to the extent extra money needs to be added to even out the distributions. It's best to do a TEDRA agreement that sets out the calculations and everybody confirms that the residence is worth $X, buyer's inheritance interest is $Y, and therefore buyer will pay $(X-Y). Also have to decide who pays the excise tax and closing costs, does buyer want title insurance, etc.

Sincerely,

Eric

Eric C. Nelsen
Sayre Law Offices, PLLC
1417 31st Ave South
Seattle WA 98144-3909
206-625-0092
eric at sayrelawoffices.com<mailto:eric at sayrelawoffices.com>

From: wsbapt-bounces at lists.wsbarppt.com <wsbapt-bounces at lists.wsbarppt.com> On Behalf Of Jon Fritzler
Sent: Tuesday, September 23, 2025 11:27 AM
To: WSBA Probate & Trust Listserv <wsbapt at lists.wsbarppt.com> <wsbapt at lists.wsbarppt.com>
Subject: [WSBAPT] Excise tax question

Listservees,

Is the sale of a beneficiary's interest in decedent's residence to another beneficiary subject to excise tax?  The other assets in the estate are not sufficient to do a non-pro rata distribution of the residence to the beneficiary who wants it - although a partial non-pro rata distribution could be done.

Jon M. Fritzler
Attorney at Law

11015 NE Fourth Plain Blvd., Suite D
Vancouver, WA 98662
Tel. 360.818.4431
Eml fritzlerlaw at outlook.com<mailto:fritzlerlaw at outlook.com>

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