<div dir="ltr"><div class="gmail_default" style="font-family:arial,sans-serif">Greetings List Members - </div><div class="gmail_default" style="font-family:arial,sans-serif"><br></div><div class="gmail_default" style="font-family:arial,sans-serif">I am growing excited for the Mid-Year in Walla Walla coming up this weekend. </div><div class="gmail_default" style="font-family:arial,sans-serif"><br></div><div class="gmail_default" style="font-family:arial,sans-serif">I recall the DOR changing the rules regarding LLC ownership of property in 2020 (link to guidance for ease of reference - <a href="https://dor.wa.gov/sites/default/files/2022-03/sn_20_EstateTaxTreatment.pdf" target="_blank">https://dor.wa.gov/sites/default/files/2022-03/sn_20_EstateTaxTreatment.pdf</a></div><div class="gmail_default" style="font-family:arial,sans-serif"><br></div><div class="gmail_default" style="font-family:arial,sans-serif">Maybe I am reading too much into the words that are not present on the DOR guidance - but does it matter if the LLC is NOT a Washington LLC? Example, lets say we have a Washington resident, who inherited 100% interest in a California LLC that holds four different parcels of land/homes scattered around California. </div><div class="gmail_default" style="font-family:arial,sans-serif"><br></div><div class="gmail_default" style="font-family:arial,sans-serif">Would that still be treated as intangible property? The guidance does not differentiate on the location of the LLC. </div><div class="gmail_default" style="font-family:arial,sans-serif"><br></div><div class="gmail_default" style="font-family:arial,sans-serif">For my hypothetical - because my PC is a Washington resident, even if deemed intangible, an out of state LLC holding properties out of State will still be taxed under the Washington estate tax.  Yes?</div><div class="gmail_default" style="font-family:arial,sans-serif"><br></div><div class="gmail_default" style=""><span style="font-family:arial,sans-serif">What is catching me is WAC 458-57-125 (link for ease of reference) </span><font face="arial, sans-serif">- <a href="https://apps.leg.wa.gov/wac/default.aspx?cite=458-57-125">https://apps.leg.wa.gov/wac/default.aspx?cite=458-57-125</a></font></div><div class="gmail_default" style=""><font face="arial, sans-serif"><br></font></div><div class="gmail_default" style=""><font face="arial, sans-serif">Because the properties are held by the LLC, and now under the 2020 DOR guidance that LLC is deemed to be intangible property and 458-57-125(3)(c) states <span style="color:rgb(0,0,0);text-indent:48px">Intangible personal property of a decedent is located in Washington if the decedent was a resident of this state at death.</span></font></div><div class="gmail_default" style=""><span style="color:rgb(0,0,0);text-indent:48px"><font face="arial, sans-serif"><br></font></span></div><div class="gmail_default" style=""><span style="color:rgb(0,0,0);text-indent:48px"><font face="arial, sans-serif" style="">Just seeking confirmation that I am tracking this right....I am thrown off because this came to my office by someone writing and stating (to start) that by having it as an LLC they can avoid the Washington Estate Tax.</font></span></div><div class="gmail_default" style=""><span style="color:rgb(0,0,0);text-indent:48px"><font face="arial, sans-serif" style=""><br></font></span></div><div class="gmail_default" style=""><span style="color:rgb(0,0,0);text-indent:48px"><font face="arial, sans-serif" style="">Thank you! </font></span></div><div><div dir="ltr" class="gmail_signature" data-smartmail="gmail_signature"><div dir="ltr"><div dir="ltr"><p><b><span style="font-family:"Times New Roman",serif">Brent
Williams-Ruth</span></b><span style="font-family:"Times New Roman",serif"> (pronouns: he/him)<br>
<i>Attorney-At-Law</i></span></p><p><b><span style="font-family:"Times New Roman",serif">Law
Offices of Brent Williams-Ruth, </span></b><b><span style="font-family:"Times New Roman",serif"><font size="1">a division of BWR Consulting, PLLC</font></span></b><b><span style="font-family:"Times New Roman",serif"></span></b></p><p><b><span style="font-family:"Times New Roman",serif">Physical Address: 500 S 336th Street, Suite 214; Federal
Way, WA 98003</span></b><span style="font-family:"Times New Roman",serif"></span></p><p><b><span style="font-family:"Times New Roman",serif"><font color="#ff0000">**EFFECTIVE IMMEDIATELY**</font> All mail sent through the USPS should be sent to the following address: </span></b><b><span style="font-family:"Times New Roman",serif">PO BOX 3319; Federal Way, WA 98063 </span></b></p><p><span style="font-family:"Times New Roman",serif">Office/Scheduling
Phone:<span style="color:#004080"> </span><font color="#ff0000">(253) 285-7751</font></span></p><p><span style="font-family:"Times New Roman",serif">Direct:<font color="#ff0000"> (253) 285-7453</font></span></p><p>









</p><p><span style="font-family:"Times New Roman",serif"><a href="mailto:Brent@Williams-RuthLaw.com" target="_blank">e-mail</a> / <a href="http://www.williams-ruthlaw.com/" target="_blank">website</a> /</span><span style="font-size:9.5pt;font-family:"Times New Roman",serif"> </span><span style="font-family:"Times New Roman",serif"><a href="http://www.facebook.com/bwrlaw" target="_blank"><span style="font-size:9.5pt">facebook</span></a></span><span style="font-size:9.5pt;font-family:"Times New Roman",serif"> / </span><span style="font-size:12.0pt;font-family:"Times New Roman",serif"></span></p></div></div></div></div></div>