[WSBARP] Estate Expenses question

[Inge Fordham]

Please reply to the list.


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Inge A. Fordham | Attorney
Fordham Law, PLLC
3218 Sixth Avenue | Tacoma, WA 98406
Office: (253) 348-2657 | Mobile: (206) 778-3131
www.fordhamlegal.com<http://www.fordhamlegal.com>

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From: <wsbarp-bounces at lists.wsbarppt.com> on behalf of Gerald Sprute <sprutelaw at msn.com>
Reply-To: WSBA Real Property Listserv <wsbarp at lists.wsbarppt.com>
Date: Wednesday, September 2, 2020 at 3:52 PM
To: "wsbarp at lists.wsbarppt.com" <wsbarp at lists.wsbarppt.com>
Subject: [WSBARP] Estate Expenses question

Question regarding reimbursement for estate expenses:

A&B will inherit proceeds from house sale
A,B C and D will inherit the remainder
A is the executor, spent her own money paying the mortgage and utilities while the house was on the market.  Now that the house is sold, where does she get reimbursed for “loaning” money to the estate?

  *   From the house proceeds because it only benefitted A&B,
  *   or from the remainder as an “estate admin” expense?

If it makes a difference, the mortgage is mostly interest payments so there is no real increase in equity due to the mortgage being paid (the loan just stayed out of default which would have complicated the sale)

Jerry Sprute



Law Office of Gerald A. Sprute
P.O. Box 1657
Duvall, WA 98019
Tel: (425) 892-4079
Fax: (425) 844-9151
www.sprutelaw.com <http://www.sprutelaw.com>








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