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<p>Law Office of<br>
<strong>F.ANDREKITA SILVA</strong><br>
___________________________________<br>
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I agree with Phil. If the estate is paying for the repairs, it doesn’t matter. <br>
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But, if PR is paying for the repairs, it is important for the PR to get the house appraised now, before she finishes all the repairs. Some repairs or improvements increase the value of property dramatically while others just make the real property more appealing and easier to sell. So, the investment she makes to improve repair/ improve the property might be worth a lot more than a dollar for dollar reimbursement.<br>
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Although appraisers can go back and try to figure out what a property was worth before it was repaired and improved, their job is a lot easier if they can appraise property in real time. Also, those 1% heirs seem reasonable, but they might see things differently if she puts in XX $$ of her own money, the place looks fabulous and can sell for a lot more. There could be disagreement about whether a repair or improvement is worth the cost of the repair, OR if the repair actually added value beyond the cost of the repair.<br>
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Especially if she continues to live in the home. What if the furnace stops working tomorrow or what if a pipe backs up and bursts? The home could not be sold like that, and the house could be worth less than when husband died, but should other heirs bear that loss? Is that something she should repair out of her own pocket or is that attributable to general condititon of disrepair at the time of death? <br>
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If home is appraised now, it eliminates future unfortunate events complicating the situation.<br>
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<span style="color: rgb(34, 34, 34); font-family: arial, helvetica, sans-serif; font-size: 11px; background-color: rgb(255, 255, 255);">andrekita</span><br style="color: rgb(34, 34, 34); font-family: arial, helvetica, sans-serif; font-size: 11px; background-color: rgb(255, 255, 255);">
<span style="color: rgb(34, 34, 34); font-family: arial, helvetica, sans-serif; font-size: 11px; background-color: rgb(255, 255, 255);">Law Office of F. Andrekita Silva</span><br style="color: rgb(34, 34, 34); font-family: arial, helvetica, sans-serif; font-size: 11px; background-color: rgb(255, 255, 255);">
<span style="color: rgb(34, 34, 34); font-family: arial, helvetica, sans-serif; font-size: 11px; background-color: rgb(255, 255, 255);">1325 Fourth Avenue, Suite 2000</span><br style="color: rgb(34, 34, 34); font-family: arial, helvetica, sans-serif; font-size: 11px; background-color: rgb(255, 255, 255);">
<span style="color: rgb(34, 34, 34); font-family: arial, helvetica, sans-serif; font-size: 11px; background-color: rgb(255, 255, 255);">Seattle, Washington 98101</span><br style="color: rgb(34, 34, 34); font-family: arial, helvetica, sans-serif; font-size: 11px; background-color: rgb(255, 255, 255);">
<span style="color: rgb(34, 34, 34); font-family: arial, helvetica, sans-serif; font-size: 11px; background-color: rgb(255, 255, 255);">206-224-8288</span><br style="color: rgb(34, 34, 34); font-family: arial, helvetica, sans-serif; font-size: 11px; background-color: rgb(255, 255, 255);">
<span style="color: rgb(34, 34, 34); font-family: arial, helvetica, sans-serif; font-size: 11px; background-color: rgb(255, 255, 255);">www.seattle-silvalaw.com</span><br>
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Quoting "Philip N. Jones" <<a href="mailto:pjones@duffykekel.com">pjones@duffykekel.com</a>>:</p>
<blockquote style="border-left:2px solid blue;margin-left:2px;padding-left:12px;" type="cite">
<p>A will speaks at the moment of death, so the value is determined at that time, not after repairs.</p>
<div>If the estate is paying for the repairs, then the answer probably cones out the same either way.</div>
<div>If the wife is paying for the repairs, and the estate is valued after the repairs, then she is making a gift to the other heirs. Does she want to do that? Seems unnecessary.</div>
<div>Phil Jones<br>
<br>
<div dir="ltr">Philip N. Jones
<div>Duffy Kekel LLP</div>
<div>Portland, OR</div>
<div>pjones@duffykekel.com</div>
<div>(503) 226-1371</div>
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<div dir="ltr"><br>
<blockquote type="cite">
<p>On Jul 16, 2020, at 12:25 PM, Krista MacLaren <kjm.inc@mac.com> wrote:<br>
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<blockquote type="cite">
<div dir="ltr"> Hi Folks,
<div> </div>
<div>I am representing a PR in her late husband’s estate. The characterization of assets is a bit tricky in my mind at least - he had earned everything prior to their marriage, and he retired before they got married. He did not add her name to anything, though he gave nearly everything to her in his will. They were married just two years, but had lived together for 10. I am viewing the assets as all his separate property. </div>
<div> </div>
<div>In the will, he gave the residue of his estate .1% each to three people, and 99.7% to her. At the time of his death, the house they lived in (his) was in serious disrepair. The roof leaked, the foundation was dangerously cracked, the basement had flooded, it had never been painted in 40 years, original carpeting, etc. She wants to stay in it, but if she had planned to sell it, I think she would have been told to fix the items I have listed. She is fixing them now. I am wondering whether I am on solid ground telling her that the estate value on which to calculate the gifts to the nieces and nephew is after all of those home fixing expenses? I don’t really expect the relatives to make a fuss, but I do want to give her solid advice. I have assumed it is appropriate to take the value after the expenses, because if the house were being sold, it would definitely have been fixed up before sale. </div>
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<div>Thank you!</div>
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<div style="caret-color: rgb(0, 0, 0); color: rgb(0, 0, 0); font-family: Helvetica; font-size: 12px; font-style: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; text-decoration: none;">Krista J. MacLaren<br>
Attorney at Law<br>
Northgate Executive Center II<br>
9725 3rd Ave NE, Suite 600<br>
Seattle WA 98115<br>
(206) 523-6116<br>
<a href="mailto:kjm.inc@icloud.com">kjm.inc@icloud.com</a><br>
<br>
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