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Thanks - yes there is a little bit for this but sister needs to get a small loan too. </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 Lewis, Amy C. <ALewis@Eisenhowerlaw.com><br>
<b>Sent:</b> Friday, September 16, 2022 10:59 AM<br>
<b>To:</b> WSBA Probate & Trust Listserv <wsbapt@lists.wsbarppt.com><br>
<b>Subject:</b> Re: [WSBAPT] Sibling buying out other</font>
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<p class="x_MsoNormal">If there are other assets in the estate, you may be able to make a non-pro rata allocation of estate assets so that the sister gets more than 50% of the residence and the brother gets other assets. We have done that to minimize the purchase
portion and the excise tax.</p>
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<span style="font-family:'Calibri','sans-serif'">Amy Lewis, Attorney<br>
Pronouns she/her/hers<br>
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</font></font></span><span style="font-size:11pt; font-family:'Calibri','sans-serif'"><span style="color:#000000"><span style="font-size:11pt; font-family:'Calibri','sans-serif'">909 A Street, Suite 600 | Tacoma, WA 98402<br>
</span><span style="font-size:11pt; font-family:'Calibri','sans-serif'"><strong style="color:#000000"></strong>phone 253.572.4500 | fax 253.272.5732 |</span></span></span><span style="font-size:11pt; font-family:'Calibri','sans-serif'">
</span><a href="http://www.eisenhowerlaw.com/"><span style="font-size:11pt; text-decoration:none; font-family:'Calibri','sans-serif'; color:#c00000">www.eisenhowerlaw.com</span></a></font>
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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>Inge Fordham<br>
<b>Sent:</b> Thursday, September 15, 2022 12:00 PM<br>
<b>To:</b> WSBA Probate & Trust Listserv <wsbapt@lists.wsbarppt.com><br>
<b>Subject:</b> Re: [WSBAPT] Sibling buying out other</p>
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<p class="x_MsoNormal">I would think you could put the agreement in a TEDRA that both parties sign and, assuming no existing mortgage, sister could purchase the house from the estate in the agreed-upon amount that sister is paying brother. The transaction
would trigger excise tax on 50% of the purchase (as it will obviously be below FMV) and also has gift tax implications. I don’t see any way around that (but some of our creative colleagues just might).</p>
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<p class="x_MsoNormal"><b><span style="font-size:12.0pt; color:black">From: </span>
</b><span style="font-size:12.0pt; color:black"><<a href="mailto:wsbapt-bounces@lists.wsbarppt.com">wsbapt-bounces@lists.wsbarppt.com</a>> on behalf of "michael
<a href="http://westseattleattorney.com">westseattleattorney.com</a>" <<a href="mailto:michael@westseattleattorney.com">michael@westseattleattorney.com</a>><br>
<b>Reply-To: </b>WSBA Probate & Trust Listserv <<a href="mailto:wsbapt@lists.wsbarppt.com">wsbapt@lists.wsbarppt.com</a>><br>
<b>Date: </b>Thursday, September 15, 2022 at 11:38 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] Sibling buying out other</span></p>
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<p class="x_MsoNormal"><span style="font-family:"Times New Roman",serif; color:black">Hi,</span></p>
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<p class="x_MsoNormal"><span style="font-family:"Times New Roman",serif; color:black">Two siblings , brother and sister with sister buying out brouther. Bank saying that it has to be sister buying real property from the estate. Will that require them to pay
the 1.78% excise tax? Any way to avoid that like giving real property to sister and have her refinance the real property and just give brother the money? </span></p>
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<p class="x_MsoNormal"><span style="font-family:"Times New Roman",serif; color:black">Thanks </span></p>
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<p class="x_MsoNormal"><span style="font-family:"Times New Roman",serif; color:black">mike </span></p>
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