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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">Agreed, this is best method. The inheritance goes to the kids; the kids make gifts to the grandson. No TEDRA needed.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">Alternatively, to avoid any gift tax issues, the 5 kids could form an LLC and make annual gifts of LLC interests to the grandson over a period of years until
the entire thing is in his hands.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Calibri","sans-serif";color:#1F497D">Sincerely,<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Calibri","sans-serif";color:#1F497D">Eric<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Calibri","sans-serif";color:#1F497D">Eric C. Nelsen<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Calibri","sans-serif";color:#1F497D">SAYRE LAW OFFICES, PLLC<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Calibri","sans-serif";color:#1F497D">1320 University St<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Calibri","sans-serif";color:#1F497D">Seattle WA 98101-2837<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Calibri","sans-serif";color:#1F497D">phone 206-625-0092<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Calibri","sans-serif";color:#1F497D">fax 206-625-9040<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif"">From:</span></b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif""> wsbapt-bounces@lists.wsbarppt.com [mailto:wsbapt-bounces@lists.wsbarppt.com]
<b>On Behalf Of </b>Megan S. Farr<br>
<b>Sent:</b> Tuesday, April 19, 2016 10:25 AM<br>
<b>To:</b> WSBA Probate & Trust Listserv<br>
<b>Subject:</b> Re: [WSBAPT] TEDRA Question<o:p></o:p></span></p>
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<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">Ross,<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">I think the estate has to deed the property to the 5 children and they can each gift their interests in the property to the grandson. This will provide the
grandson with a clean title. <o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><b><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#595959">Megan S. Farr</span></b><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#595959"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:9.0pt;font-family:"Calibri","sans-serif";color:#595959">Attorney |<i>
</i></span><b><span style="font-size:9.0pt;font-family:"Calibri","sans-serif";color:#AEB349">Farr Law Group,
</span></b><b><span style="font-size:8.0pt;font-family:"Calibri","sans-serif";color:#AEB349">PLLC</span></b><b><span style="font-size:9.0pt;font-family:"Calibri","sans-serif";color:#AEBC4F">
</span></b><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#AEBC4F"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:9.0pt;font-family:"Calibri","sans-serif";color:#595959">1110 Stevenson Avenue, Suite 100 | P.O. Box 890 | Enumclaw, WA 98022-0890</span><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#595959"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:9.0pt;font-family:"Calibri","sans-serif";color:#595959">360.825.6581 (o) | 360.284.2354 (d) | 360.825.0780 (f) |
<a href="mailto:MSF@FarrLawGroup.com"><span style="color:#595959">MSF@FarrLawGroup.com</span></a> |
<a href="http://www.farrlawgroup.com/"><span style="color:#595959">www.FarrLawGroup.com</span></a><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:9.0pt;font-family:"Calibri","sans-serif";color:#595959"><o:p> </o:p></span></p>
<p class="MsoNormal"><b><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#595959">Our office has moved, and is now located at 1110 Stevenson Avenue, Suite 100, Enumclaw. Our telephone number and P.O. Box remain the same.
<o:p></o:p></span></b></p>
<p class="MsoNormal"><span style="font-size:8.0pt;font-family:"Calibri","sans-serif";color:#595959"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:8.0pt;font-family:"Calibri","sans-serif";color:#595959">This communication is intended only for the above-named recipient. It might contain information that is subject to the attorney-client privilege and/or is otherwise
confidential. If you are not the intended recipient, please immediately notify the above-named sender.</span><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#595959"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif"">From:</span></b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif"">
<a href="mailto:wsbapt-bounces@lists.wsbarppt.com">wsbapt-bounces@lists.wsbarppt.com</a> [<a href="mailto:wsbapt-bounces@lists.wsbarppt.com">mailto:wsbapt-bounces@lists.wsbarppt.com</a>]
<b>On Behalf Of </b>Ross Gardner<br>
<b>Sent:</b> Tuesday, April 19, 2016 10:02 AM<br>
<b>To:</b> WSBA Probate & Trust Listserv<br>
<b>Subject:</b> [WSBAPT] TEDRA Question<o:p></o:p></span></p>
<p class="MsoNormal"><o:p> </o:p></p>
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<p class="MsoNormal">Good Morning All,<o:p></o:p></p>
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<p class="MsoNormal"><o:p> </o:p></p>
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<p class="MsoNormal">I am working on an intestate probate case where the only asset in the estate is a heavily leveraged home. The decedent passed in 2011, and her grandson has been making upgrades to and paying for the upkeep on the home. He has gotten it
fixed up to the point that he has started to rent it out. The decedent had 5 children, all still living and in their 50's and 60's, although most are out of state and independently wealthy. The children have a desire to keep the property in the family, but
none of them can manage the property. They want to transfer the property to the grandson outright, but cannot just waive their interest in the property because there are other grandchildren who would inherit the property along with the grandson.<o:p></o:p></p>
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<p class="MsoNormal"><o:p> </o:p></p>
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<p class="MsoNormal">I am wondering what the best course of action would be to handle this. Can the estate simply quitclaim the property to the grandson? Is a TEDRA action necessary? Any and all thoughts are welcome.<o:p></o:p></p>
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<p class="MsoNormal"><o:p> </o:p></p>
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<p class="MsoNormal">Thank you so much!<br clear="all">
<o:p></o:p></p>
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<p class="MsoNormal"><o:p> </o:p></p>
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<p><span style="font-size:9.5pt">Best Regards,<o:p></o:p></span></p>
<p><span style="font-size:9.5pt">Ross Gardner<br>
Attorney<o:p></o:p></span></p>
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<p class="MsoNormal">Phone: 425-870-4430<o:p></o:p></p>
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<p class="MsoNormal">E-Mail: <a href="mailto:Ross@rossgardnerlaw.com" target="_blank">Ross@rossgardnerlaw.com</a><o:p></o:p></p>
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<p class="MsoNormal">Online: <a href="http://cp.mcafee.com/d/avndz9J5xN6XPXBQPtPqdTPhO--COyMrhK-qenTQTQXCQrLCzBZZdB4srhKVtVdAsYqejqJ7gkXIoDWo8NGSJOVJToNfQMhzlJrBPqeLKe8zD-LPWbb31EVpWZOWrbP76zBMtuXyvkhjmKCHuWfaxVZicHs3jq9J4TvAn3hOYyyODtUTsS02zmB2eNgxYjZcsLxINgxGQOV2Hsbvg57OFeD6a4dyIJfBPoVAtsSqmM561Ag2M9dbFEw18Q70Igd403J_isGMdFICRhx1" target="_blank">www.rossgardnerlaw.com</a> <o:p></o:p></p>
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