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<div>Give them what they want. But be specific. Is it the Zillow estimate on the date of death? The very next day, that value might be gone. Is it the Zillow estimate a week later? Or a month later? Should an alternate method be listed in case Zillow
goes out of business. Try to think of every possible outcome.</div>
<div dir="ltr">Phil Jones</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 Neli Espe, J.D. - Olympic Legal <neli@olympiclegal.com><br>
<b>Sent:</b> Tuesday, October 11, 2022 6:12:03 PM<br>
<b>To:</b> WSBA Probate & Trust Listserv <wsbapt@lists.wsbarppt.com><br>
<b>Subject:</b> [WSBAPT] Will - Formula - Sale of home to one beneficiary</font>
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<div class="" style="word-wrap:break-word">Dear List-mates,
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<div class="">PCs (H & W) with three children. Main asset is the house. Wills to state that all assets go to surviving spouse, then to three children in equal shares. Pretty straightforward.</div>
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<div class="">PCs want to include a provision in their Wills that once the survivor spouse passes away, one of their three children should be given the opportunity to buy the house
<u class="">at an easily ascertainable price.</u> They do not want the realtor commission and the appraisal fee. So, in their mind, they see a formula of Zillow estimate (their view of market price) minus 7% (approximate sales commission). </div>
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<div class="">I have many problems with this approach and have discussed with them at length the proper ways for the PR to handle that matter when the time comes. </div>
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<div class="">Nonetheless, they still want a clause in the wills that does something of this sort. </div>
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<div class="">Any ideas?</div>
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<div class="">Thanks,</div>
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<div class="">Neli</div>
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<div class="" style="font-family:Optima-Regular; font-size:12px; margin:0px"><font color="#5bd2e6" class="">___________________________________</font></div>
<div class="" style="font-family:Optima-Regular; font-size:12px; margin:0px"><b class=""><font color="#1b40af" class=""><font class=""><span class=""> Neli Espe, J.D., </span></font><font class=""><span class="">Olympic Legal </span></font></font></b></div>
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