[WSBARP] question on two brothers dividing real estate

[Robert S Schuck]

I have a question on two PC, brothers wishing to divide some 8 parcels they own together either as tenants in common or jointly owned LLC's. They have a agreement as to who gets what parcels, just would like to avoid paying excise tax. A gift is on avenue but may have tax implications and then there is the possibility of WAC 458-61A-204 ?  Perhaps the LLC's could be dissolved and then the two brothers would own as tenants in common. Any thoughts or experience?

Robert S. Schuck
Kennedy,Schuck & Miller, PLLC
1520 140th NE, Suite 200
Bellevue, WA 98005
(425)451-3760 (telephone)
(425)451-3878 (facsimile)
rsschuck at ksmlawfirm.com<mailto:rsschuck at ksmlawfirm.com>

This correspondence is covered by the Electronic Communications Privacy Act, 18 U.S.C. 2510-2521, and may contain confidential information protected by Attorney-Client privilege. If you are not a person for whom this message was intended, please delete it from your system immediately, refrain from copying or forwarding any part of the message, and kindly notify me at (425) 451-3760 or at rsschuck at ksmlawfirm.com<mailto:rsschuck at qwest0ffice.net>   Thank you.


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