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<div dir="ltr">I have always wondered how title companies deal with estates that are selling real estate, when an estate tax lien might be present. But then I remembered that title insurance policies always exclude any liability for any liens that do not show
up as a matter of record, and estate tax liens typically are not recorded. </div>
<div dir="ltr">Comments?</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 Inge Fordham <inge@fordhamlegal.com><br>
<b>Sent:</b> Monday, December 4, 2023 10:36:02 AM<br>
<b>To:</b> WSBA Probate & Trust Listserv <wsbapt@lists.wsbarppt.com>; WSBA Real Property Listserv <wsbarp@lists.wsbarppt.com><br>
<b>Subject:</b> Re: [WSBAPT] Succession Tax, Inheritance Tax, Estate Tax</font>
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<p class="x_MsoNormal"><span style="font-size:11.0pt">I interpret this question as an inquiry as to whether the estate will owe any estate taxes. I believe this is an attempt on the part of escrow/title to limit liability for releasing sale proceeds where
taxes may be owed by the estate. Title gurus may have more to say on this…</span></p>
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<p class="x_MsoNormal" style="margin-bottom:12.0pt"><b><span style="font-size:12.0pt; color:black">From:
</span></b><span style="font-size:12.0pt; color:black">wsbapt-bounces@lists.wsbarppt.com <wsbapt-bounces@lists.wsbarppt.com> on behalf of Eric Nelsen <eric@sayrelawoffices.com><br>
<b>Date: </b>Monday, December 4, 2023 at 9:45 AM<br>
<b>To: </b>'WSBA Probate & Trust Listserv' <wsbapt@lists.wsbarppt.com>, WSBA Real Property Listserv <wsbarp@lists.wsbarppt.com><br>
<b>Subject: </b>[WSBAPT] Succession Tax, Inheritance Tax, Estate Tax</span></p>
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<p class="x_MsoNormal"><span style="font-size:11.0pt">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.</span></p>
<p class="x_MsoNormal"><span style="font-size:11.0pt"> </span></p>
<p class="x_MsoNormal"><span style="font-size:11.0pt">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" originalsrc="https://leg.wa.gov/CodeReviser/documents/sessionlaw/1981ex2c7.pdf?cite=1981%202nd%20ex.s.%20c%207%20%C2%A7%2083.100.010" shash="dUEZILMd5Z9Uy0P+Z3EIhAuKYqD/3TFHPCWSuyBAuIdqlcb/NHCd3IUD42AVidMrAOJiC6nUBp+PC7bghJFAPwpS0WRPU6oZBvptzLyMsCUytLk5BQpRnH/vUwYQPHdXbcmdFyyzODJXPbJx1H8+8eiGt4M7Yfp6M7MdN2UTNEE=">
since 1981</a>.</span></p>
<p class="x_MsoNormal"><span style="font-size:11.0pt"> </span></p>
<p class="x_MsoNormal"><span style="font-size:11.0pt">Sincerely,<span style=""></span></span></p>
<p class="x_MsoNormal"><span style="font-size:11.0pt"> <span style=""></span></span></p>
<p class="x_MsoNormal"><span style="font-size:11.0pt">Eric<span style=""></span></span></p>
<p class="x_MsoNormal"><span style="font-size:11.0pt"> <span style=""></span></span></p>
<p class="x_MsoNormal"><span style="font-size:11.0pt">Eric C. Nelsen<span style=""></span></span></p>
<p class="x_MsoNormal"><span style="font-size:11.0pt">Sayre Law Offices, PLLC<span style=""></span></span></p>
<p class="x_MsoNormal"><span style="font-size:11.0pt">1417 31st Ave South<span style=""></span></span></p>
<p class="x_MsoNormal"><span style="font-size:11.0pt">Seattle WA 98144-3909<span style=""></span></span></p>
<p class="x_MsoNormal"><span style="font-size:11.0pt">206-625-0092<span style=""></span></span></p>
<p class="x_MsoNormal"><span style="font-size:11.0pt"><a href="mailto:eric@sayrelawoffices.com">eric@sayrelawoffices.com</a><span style=""></span></span></p>
<p class="x_MsoNormal"><span style="font-size:11.0pt"> </span></p>
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