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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 Brent Williams-Ruth <brent@williams-ruthlaw.com><br>
<b>Sent:</b> Friday, October 18, 2024 6:56 AM<br>
<b>To:</b> WSBA Probate & Trust Listserv <wsbapt@lists.wsbarppt.com><br>
<b>Subject:</b> Re: [WSBAPT] HOLD BACK FOR TAXES DUE TO LARGE ESTATE</font>
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<div class="x_gmail_default" style="font-family:arial,sans-serif">What I do in those situations - and maybe it is not the right option (I'm open to learning from others) is that we simply don't close the estate until we get the green light from DOR/IRS. I have
the executor send me a monthly message advising that we are still pending for the outcome. I do a "lion's share" distribution of assets to beneficiaries keeping the amount to hold back AND a substantial cushion just in case the CPA's numbers are wrong......then
wait. </div>
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<div class="x_gmail_default" style="font-family:arial,sans-serif">That has worked well in the large estates that I have had that had taxable filings either with DOR or both DOR/IRS. I only use the tax holdback for small estates (like my mother's) where the
CPA was saying, we "should" get a small refund - so I closed the estate leaving $3,000 behind until the final tax return was resolved. Then I distributed the $3,000 and the refund amount to my sister and I. </div>
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<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">Mailing Address:</font> </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><font color="#ff0000" face="Times New Roman, serif">For All Meetings & Scheduling:
<a href="mailto:info@williams-ruthlaw.com" target="_blank">info@williams-ruthlaw.com</a></font></p>
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<div dir="ltr" class="x_gmail_attr">On Fri, Oct 18, 2024 at 6:49 AM michael <a href="https://urldefense.proofpoint.com/v2/url?u=http-3A__westseattleattorney.com&d=DwMFaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=KEDnavIX0T95_e0xmmP7pHPEymbbSteROH3HpiSq79g&m=0SKKScaOCWXMJgHgE9pd9T3EinWHXekFa8wqRh_IKzhtXCEbEkVFe3lQ56Jixd6z&s=SS03g5Ohau702t7e1TPLkH5cRPmhBgT8jc-LZRGyPSw&e=">
westseattleattorney.com</a> <<a href="mailto:michael@westseattleattorney.com">michael@westseattleattorney.com</a>> wrote:<br>
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PR is advised by the CPA to hold back $746,000 for taxes. Since RCW 11.68.114 limits the holdback to $3000, other than not filing the Declaration of Completions is there another option? </div>
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Separately, I came across references to special language in the Declaration of Completion, and a special type of Notice of Filing of Declaration of Completion must also be used. Would anyone know what this is? </div>
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Thanks,</div>
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Mike </div>
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