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Q; You mentioned lapse of months. Previously, I had been told that if a real property was sold within nine ,months of death, the value at death was the sale price. With the rapid increase we were seeing , likely to now slow with increasing interest rates, a
sale within 6 months could be the value at death - is this not the case? Mike Atkins</div>
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<div id="divRplyFwdMsg" dir="ltr"><font face="Calibri, sans-serif" style="font-size:11pt" color="#000000"><b>From:</b> wsbapt-bounces@lists.wsbarppt.com <wsbapt-bounces@lists.wsbarppt.com> on behalf of Diane J. Kiepe <DJKiepe@depdslaw.com><br>
<b>Sent:</b> Tuesday, April 19, 2022 8:49 AM<br>
<b>To:</b> WSBA Probate & Trust Listserv <wsbapt@lists.wsbarppt.com><br>
<b>Subject:</b> Re: [WSBAPT] Unneeded Credit Shelter</font>
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<p class="x_MsoNormal"><span style="font-size:16.0pt">Anytime I vary from the directions of the Will, I TEDRA. In this case, you indicated all beneficiaries are the same (common) but I still would memorialize it in a TEDRA. I would also suggest, the assets
that would have funded the credit shelter trust have one basis and the assets of the surviving spouse may very well have a different basis due to the lapse of months (particularly with real estate and investment accounts in this day and age) and I would want
my clients to understand why – adding this to my TEDRA.</span></p>
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<p class="x_MsoNormal"><span style="font-size:16.0pt">Best of luck.</span></p>
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<p class="x_MsoNormal"><i><span style="font-family:"Script MT Bold"">Diane J. Kiepe</span></i></p>
<p class="x_MsoNormal"><i><span style="font-family:"Script MT Bold""> </span></i></p>
<p class="x_MsoNormal">Diane J. Kiepe</p>
<p class="x_MsoNormal">Douglas Eden</p>
<p class="x_MsoNormal">717 W. Sprague Ave.</p>
<p class="x_MsoNormal">Suite 1500</p>
<p class="x_MsoNormal">Spokane, WA 99201</p>
<p class="x_MsoNormal"><a href="mailto:djkiepe@depdslaw.com"><span style="color:#0563C1">djkiepe@depdslaw.com</span></a></p>
<p class="x_MsoNormal">509-455-5300</p>
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<p class="x_MsoNormal"><b>From:</b> wsbapt-bounces@lists.wsbarppt.com <wsbapt-bounces@lists.wsbarppt.com>
<b>On Behalf Of </b>Marcus J. Fry<br>
<b>Sent:</b> Monday, April 18, 2022 11:14 AM<br>
<b>To:</b> WSBA Probate & Trust Listserv <wsbapt@lists.wsbarppt.com><br>
<b>Subject:</b> Re: [WSBAPT] Unneeded Credit Shelter</p>
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<p class="x_MsoNormal">Shannon:</p>
<p class="x_MsoNormal">My 2 cents. If it is clear that both estates combined would be under the exemption, then I have no concern with distributing directly to the heir from the estate. However, if the CST is needed to avoid any confusion about the 2<sup>nd</sup>
estate exceeding the exemption limit, then I would do a TEDRA or at least a written understanding between the trustee and beneficiary that outlines what has transpired to document the situation in case questions later arise.</p>
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<p><span style="font-size:10.0pt; font-family:"Arial",sans-serif"><br>
<strong><span style="font-family:"Arial",sans-serif">Marcus J. Fry</span></strong><br>
Attorney | Witherspoon • Kelley<br>
<a href="mailto:mjf@witherspoonkelley.com">mjf@witherspoonkelley.com</a> | <a href="https://www.witherspoonkelley.com/marcus-j-fry">
Attorney Profile</a> | <a href="https://www.witherspoonkelley.com/s/mfj.vcf">vCard</a></span></p>
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<p align="right" style="text-align:right"><span style="font-size:10.0pt; font-family:"Arial",sans-serif; color:white">222 N. 3rd Street<br>
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<p class="x_MsoNormal"><b>From:</b> <a href="mailto:wsbapt-bounces@lists.wsbarppt.com">
wsbapt-bounces@lists.wsbarppt.com</a> <<a href="mailto:wsbapt-bounces@lists.wsbarppt.com">wsbapt-bounces@lists.wsbarppt.com</a>>
<b>On Behalf Of </b>Shannon Jones<br>
<b>Sent:</b> Monday, April 18, 2022 10:57 AM<br>
<b>To:</b> WSBA Probate & Trust Listserv <<a href="mailto:wsbapt@lists.wsbarppt.com">wsbapt@lists.wsbarppt.com</a>><br>
<b>Subject:</b> [WSBAPT] Unneeded Credit Shelter</p>
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<p class="x_MsoNormal">Listmates, What is the recommended course of action when you have a revocable living trust requiring funding a creditor shelter trust, first spouse dies and surviving spouse then dies only a few months later, and we have a total estate
well under the WA estate tax exemption? Credit Shelter and Survivor’s Trusts all end up distributing to the same persons. Do we have to fund the credit shelter when it accomplishes no useful purpose? If we don’t fund the credit trust, do I need a TEDRA? Shannon</p>
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<p class="x_MsoNormal"><b><span style="font-size:13.0pt; font-family:"Times New Roman",serif; color:#323E4F">Shannon R. Jones | Attorney
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