<div dir="ltr">Eric,<div>I agree with Jennifer, go ahead and grab another cup of coffee.</div></div><br><div class="gmail_quote"><div dir="ltr" class="gmail_attr">On Fri, Oct 29, 2021 at 11:53 AM Eric Nelsen <<a href="mailto:eric@sayrelawoffices.com">eric@sayrelawoffices.com</a>> wrote:<br></div><blockquote class="gmail_quote" style="margin:0px 0px 0px 0.8ex;border-left:1px solid rgb(204,204,204);padding-left:1ex">
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<p class="MsoNormal">Thank you! Sometimes my own brain is my worst enemy.<u></u><u></u></p>
<p class="MsoNormal"><u></u> <u></u></p>
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<p class="MsoNormal">Sincerely,<u></u><u></u></p>
<p class="MsoNormal"><u></u> <u></u></p>
<p class="MsoNormal">Eric<u></u><u></u></p>
<p class="MsoNormal"><u></u> <u></u></p>
<p class="MsoNormal">Eric C. Nelsen<u></u><u></u></p>
<p class="MsoNormal">Sayre Law Offices, PLLC<u></u><u></u></p>
<p class="MsoNormal">1417 31st Ave South<u></u><u></u></p>
<p class="MsoNormal">Seattle WA 98144-3909<u></u><u></u></p>
<p class="MsoNormal">206-625-0092<u></u><u></u></p>
<p class="MsoNormal"><a href="mailto:eric@sayrelawoffices.com" target="_blank"><span style="color:rgb(5,99,193)">eric@sayrelawoffices.com</span></a><u></u><u></u></p>
<p class="MsoNormal"><u></u> <u></u></p>
<p class="MsoNormal"><b><span style="background:aqua">Covid-19 Update -
</span></b>All attorneys are working remotely during regular business hours and are available via email and by phone. Videoconferencing also is available. Signing of estate planning documents can be completed and will be handled on a case-by-case basis. Please
direct mail and deliveries to the Seattle office.<u></u><u></u></p>
</div>
<p class="MsoNormal"><u></u> <u></u></p>
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<p class="MsoNormal"><b>From:</b> <a href="mailto:wsbapt-bounces@lists.wsbarppt.com" target="_blank">wsbapt-bounces@lists.wsbarppt.com</a> <<a href="mailto:wsbapt-bounces@lists.wsbarppt.com" target="_blank">wsbapt-bounces@lists.wsbarppt.com</a>>
<b>On Behalf Of </b>Jennifer L White<br>
<b>Sent:</b> Friday, October 29, 2021 11:28 AM<br>
<b>To:</b> WSBA Probate & Trust Listserv <<a href="mailto:wsbapt@lists.wsbarppt.com" target="_blank">wsbapt@lists.wsbarppt.com</a>><br>
<b>Subject:</b> Re: [WSBAPT] Holding WA real property in out-of-state RLT<u></u><u></u></p>
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<p class="MsoNormal"><u></u> <u></u></p>
<p class="MsoNormal">Eric,<u></u><u></u></p>
<p class="MsoNormal">One of the main benefits for a client that owns out of state property is to avoid an ancillary probate. Sometimes they opt for their entire plan through a RLT OR just the one property that is located out of state.<u></u><u></u></p>
<p class="MsoNormal">The RLT doesn’t change the character of the asset from real to personal property OR separate it from the grantor for tax purposes. <u></u><u></u></p>
<p class="MsoNormal">I concur, you’re fine. Go get another cup of coffee. <u></u><u></u></p>
<p class="MsoNormal"><u></u> <u></u></p>
<p class="MsoNormal">Happy Friday! <u></u><u></u></p>
<p class="MsoNormal"><u></u> <u></u></p>
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<p class="MsoNormal"><span style="font-family:"Script MT Bold"">Jennifer L. White, Esq.</span>
<span style="font-family:"Script MT Bold""><u></u><u></u></span></p>
<p class="MsoNormal"><img border="0" width="105" height="105" style="width: 1.0937in; height: 1.0937in;" id="gmail-m_-484478236172947281Picture_x0020_1" src="cid:17ccd6976e34ce8e91"><u></u><u></u></p>
<p class="MsoNormal"><u></u> <u></u></p>
<p class="MsoNormal"><i><span style="font-family:"Arial Rounded MT Bold",sans-serif"><a href="mailto:jen@appletreelaw.com" target="_blank"><span style="font-style:normal">jen@appletreelaw.com</span></a><u></u><u></u></span></i></p>
<p class="MsoNormal"><span style="font-family:"Arial Rounded MT Bold",sans-serif">PO Box 11037<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-family:"Arial Rounded MT Bold",sans-serif">Yakima, WA 98909<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-family:"Arial Rounded MT Bold",sans-serif">509.225.9813<u></u><u></u></span></p>
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<p class="MsoNormal"><u></u> <u></u></p>
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<div style="border-right:none;border-bottom:none;border-left:none;border-top:1pt solid rgb(225,225,225);padding:3pt 0in 0in">
<p class="MsoNormal"><b>From:</b> <a href="mailto:wsbapt-bounces@lists.wsbarppt.com" target="_blank">
wsbapt-bounces@lists.wsbarppt.com</a> <<a href="mailto:wsbapt-bounces@lists.wsbarppt.com" target="_blank">wsbapt-bounces@lists.wsbarppt.com</a>>
<b>On Behalf Of </b>Eric Nelsen<br>
<b>Sent:</b> Friday, October 29, 2021 9:15 AM<br>
<b>To:</b> WSBA Probate & Trust Listserv <<a href="mailto:wsbapt@lists.wsbarppt.com" target="_blank">wsbapt@lists.wsbarppt.com</a>><br>
<b>Subject:</b> [WSBAPT] Holding WA real property in out-of-state RLT<u></u><u></u></p>
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<p class="MsoNormal"><u></u> <u></u></p>
<p class="MsoNormal">Okay, maybe I haven’t had sufficient caffeine this morning, but I just was asked if it’s okay to hold WA real estate in an RLT whose principal situs, and Trustee’s domicile, is in another state.<u></u><u></u></p>
<p class="MsoNormal"><u></u> <u></u></p>
<p class="MsoNormal">That seems fine to me, but then suddenly I started doubting myself. It is okay to do that, right? It’s an RLT so there isn’t even the issue as with an LLC where it could have state income tax implications by shifting rental income from
one state to another?<u></u><u></u></p>
<p class="MsoNormal"><u></u> <u></u></p>
<p class="MsoNormal">Sincerely,<u></u><u></u></p>
<p class="MsoNormal"><u></u> <u></u></p>
<p class="MsoNormal">Eric<u></u><u></u></p>
<p class="MsoNormal"><u></u> <u></u></p>
<p class="MsoNormal">Eric C. Nelsen<u></u><u></u></p>
<p class="MsoNormal">Sayre Law Offices, PLLC<u></u><u></u></p>
<p class="MsoNormal">1417 31st Ave South<u></u><u></u></p>
<p class="MsoNormal">Seattle WA 98144-3909<u></u><u></u></p>
<p class="MsoNormal">206-625-0092<u></u><u></u></p>
<p class="MsoNormal"><a href="mailto:eric@sayrelawoffices.com" target="_blank">eric@sayrelawoffices.com</a><u></u><u></u></p>
<p class="MsoNormal"><u></u> <u></u></p>
<p class="MsoNormal"><b><span style="background:aqua">Covid-19 Update -
</span></b>All attorneys are working remotely during regular business hours and are available via email and by phone. Videoconferencing also is available. Signing of estate planning documents can be completed and will be handled on a case-by-case basis. Please
direct mail and deliveries to the Seattle office.<u></u><u></u></p>
<p class="MsoNormal"><u></u> <u></u></p>
</div>
</div>
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