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<p class="MsoNormal">Okay, can someone enlighten me here? I know the difference between estate tax and inheritance tax: an estate tax is paid by the decedent’s estate and is typically based on the estate’s whole value, while an inheritance tax (which Washington
doesn’t have) is paid by the beneficiary of an estate and is based on what that beneficiary receives.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">But in real property transactions when an Estate is selling real property, I routinely see title companies refer to a “lien of succession tax.”
<b>Whattheheck is a succession tax?</b> Black’s law dictionary appears to liken it to an inheritance tax, but Washington hasn’t had one of those
<a href="https://leg.wa.gov/CodeReviser/documents/sessionlaw/1981ex2c7.pdf?cite=1981%202nd%20ex.s.%20c%207%20%C2%A7%2083.100.010">
since 1981</a>.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><span style="mso-ligatures:none">Sincerely,<o:p></o:p></span></p>
<p class="MsoNormal"><span style="mso-ligatures:none"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="mso-ligatures:none">Eric<o:p></o:p></span></p>
<p class="MsoNormal"><span style="mso-ligatures:none"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="mso-ligatures:none">Eric C. Nelsen<o:p></o:p></span></p>
<p class="MsoNormal"><span style="mso-ligatures:none">Sayre Law Offices, PLLC<o:p></o:p></span></p>
<p class="MsoNormal"><span style="mso-ligatures:none">1417 31st Ave South<o:p></o:p></span></p>
<p class="MsoNormal"><span style="mso-ligatures:none">Seattle WA 98144-3909<o:p></o:p></span></p>
<p class="MsoNormal"><span style="mso-ligatures:none">206-625-0092<o:p></o:p></span></p>
<p class="MsoNormal"><span style="mso-ligatures:none"><a href="mailto:eric@sayrelawoffices.com">eric@sayrelawoffices.com</a><o:p></o:p></span></p>
<p class="MsoNormal"><o:p> </o:p></p>
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