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<blockquote type="cite">On Oct 18, 2024, at 3:20 PM, Eileen Peterson <epeterson@gth-law.com> wrote:<br>
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<p class="MsoNormal">I tend to do one more thing: before the large distribution and reserve occur, I ask all beneficiaries to sign a waiver related to accounting to date and fees. Eileen
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<p class="MsoNormal"><b><span style="font-family:"Arial",sans-serif;color:#5F6062;mso-ligatures:standardcontextual">Eileen S. Peterson<br>
</span></b><b><span style="font-size:9.0pt;font-family:"Arial",sans-serif;color:#00A0AF;mso-ligatures:standardcontextual">Attorney at Law</span></b><b><span style="font-size:9.0pt;font-family:"Arial",sans-serif;color:#5F6062;mso-ligatures:standardcontextual"><br>
</span></b><b><span style="font-size:9.0pt;font-family:"Arial",sans-serif;color:#00A0AF;mso-ligatures:standardcontextual">T</span></b><b><span style="font-size:9.0pt;font-family:"Arial",sans-serif;color:#5F6062;mso-ligatures:standardcontextual"> 253 620 6419<br>
</span></b><b><span style="font-size:9.0pt;font-family:"Arial",sans-serif;color:#00A0AF;mso-ligatures:standardcontextual">F</span></b><b><span style="font-size:9.0pt;font-family:"Arial",sans-serif;color:#5F6062;mso-ligatures:standardcontextual"> 253 620 6565<o:p></o:p></span></b></p>
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<p class="MsoNormal"><b>From:</b> wsbapt-bounces@lists.wsbarppt.com <wsbapt-bounces@lists.wsbarppt.com>
<b>On Behalf Of </b>Lewis, Amy C.<br>
<b>Sent:</b> Friday, October 18, 2024 12:02 PM<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<o:p></o:p></p>
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<p class="MsoNormal">This is our practice as well. We almost never use the tax holdback, because the amount is too small for most probates and it requires additional documentation of the use of the reserve when you are done.<o:p></o:p></p>
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<p class="MsoNormal">If you do want to use the reserve option, the language for the Declaration of Completion and the Notice of Filing are set out in RCW 11.68.114.<o:p></o:p></p>
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<span style="font-size:10.0pt;color:black">Amy Lewis, Attorney<br>
Pronouns she/her/hers<br>
<img alt="image002.png" src="cid:image002.png@01DB2158.11172610"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:black">909 A Street, Suite 600 | Tacoma, WA 98402<br>
phone 253.572.4500 | fax 253.272.5732 |</span><span style="color:#777777"> </span>
<span style="font-size:13.5pt;color:#777777"><a href="https://urldefense.proofpoint.com/v2/url?u=http-3A__www.eisenhowerlaw.com_&d=DwMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=DvRbhdbNof6pymPDdu2_jZaYtwdZAiann93w64tg_k0&m=xvanRO1gSCG30ra_mP_75fHJSJy6A5R7OYUlxdxXWc7eFewK-rZ3LiMdmjqXySTV&s=MfhLyksfXAYTPAajkxQWcSoLL_oR8WgAm2MryesmNbo&e="><span style="font-size:11.0pt;color:#C00000;text-decoration:none">www.eisenhowerlaw.com</span></a></span>
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<p class="MsoNormal"><b>From:</b> <a href="mailto:wsbapt-bounces@lists.wsbarppt.com">
wsbapt-bounces@lists.wsbarppt.com</a> <<a href="mailto:wsbapt-bounces@lists.wsbarppt.com">wsbapt-bounces@lists.wsbarppt.com</a>>
<b>On Behalf Of </b>Brent Williams-Ruth<br>
<b>Sent:</b> Friday, October 18, 2024 6:56 AM<br>
<b>To:</b> WSBA Probate & Trust Listserv <<a href="mailto:wsbapt@lists.wsbarppt.com">wsbapt@lists.wsbarppt.com</a>><br>
<b>Subject:</b> Re: [WSBAPT] HOLD BACK FOR TAXES DUE TO LARGE ESTATE<o:p></o:p></p>
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<p class="MsoNormal"><span 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. <o:p></o:p></span></p>
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<p class="MsoNormal"><span 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. <o:p></o:p></span></p>
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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><o:p></o:p></p>
<p><b><span style="font-family:"Times New Roman",serif">Law Offices of Brent Williams-Ruth, </span></b><b><span style="font-size:7.5pt;font-family:"Times New Roman",serif">a division of BWR Consulting, PLLC</span></b><o:p></o:p></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><o:p></o:p></p>
<p><b><span style="font-family:"Times New Roman",serif;color:red">Mailing Address:</span></b><b><span style="font-family:"Times New Roman",serif"> PO BOX 3319; Federal Way, WA 98063 </span></b><o:p></o:p></p>
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<p class="MsoNormal">On Fri, Oct 18, 2024 at 6:49 AM michael <a href="https://urldefense.proofpoint.com/v2/url?u=http-3A__westseattleattorney.com&d=DwMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=DvRbhdbNof6pymPDdu2_jZaYtwdZAiann93w64tg_k0&m=xvanRO1gSCG30ra_mP_75fHJSJy6A5R7OYUlxdxXWc7eFewK-rZ3LiMdmjqXySTV&s=aC7BNMpxUPw13X37KDBzL2Yd8oHjHLfIhkEUITSCTSU&e=">
westseattleattorney.com</a> <<a href="mailto:michael@westseattleattorney.com">michael@westseattleattorney.com</a>> wrote:<o:p></o:p></p>
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<p class="MsoNormal"><span style="font-family:"Times New Roman",serif;color:black">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? <o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-family:"Times New Roman",serif;color:black">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? <o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-family:"Times New Roman",serif;color:black">Thanks,<o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-family:"Times New Roman",serif;color:black">Mike <o:p></o:p></span></p>
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