[WSBARP] Cell phone Tower in Estate

[Eric Nelsen]

I haven't valued one separate from the land, but I think in concept it could be done by reducing the gross income stream over the remaining term of the lease to present value using a discount rate. I'm assuming that the lease has a termination date and the leasing company is highly unlikely to go out of business so it's virtually guaranteed income. Probably there are no landlord expenses either-no property taxes or repair/maintenance costs borne by the LL-so gross income stream might work. If there are options to extend the lease term I think I'd want to talk to an appraiser about how to value the extensions. Even determining the discount rate probably needs an appraiser. I think the economy is so volatile these days it's just a stab in the dark to project very far into the future, so I'd rather have an appraiser make the stab than do it myself.

Sincerely,

Eric

Eric C. Nelsen
Sayre Law Offices, PLLC
1417 31st Ave South
Seattle WA 98144-3909
206-625-0092
eric at sayrelawoffices.com<mailto:eric at sayrelawoffices.com>

Covid-19 Update - All attorneys are working remotely during regular business hours and are available via email and by phone. Videoconferencing also is available. Signing of estate planning documents can be completed and will be handled on a case-by-case basis. Please direct mail and deliveries to the Seattle office.

From: wsbarp-bounces at lists.wsbarppt.com <wsbarp-bounces at lists.wsbarppt.com> On Behalf Of Ken Luce
Sent: Friday, April 9, 2021 9:20 AM
To: wsbarp at lists.wsbarppt.com
Subject: [WSBARP] Cell phone Tower in Estate

Has anyone computed the value of a cell phone tower as an asset of an estate.  It is on land owned by the deceased and pays a months fee.

Ken Luce
Luce & Associates, P.S.
4505 Pacific Hwy. E., Suite A
Tacoma, WA 98424
T: (253) 922-8724
F: (253) 922-2802
www.LuceLawFirm.com<http://www.lucelawfirm.com/>  [e943ecc8-5be2-4768-a17e-1b829b908afe] <https://www.facebook.com/pages/Luce-Kenney-Associates-PS/200703820101348>

IMPORTANT NOTICE TO EMAIL RECIPIENTS
1. The information contained in this e-mail and accompanying attachments constitute confidential information which may be legally privileged and is intended for the sole use of the addressee.  If you are not the intended recipient of this information, any disclosure, copying, distribution or the taking of any action in reliance on this information is strictly prohibited and may be unlawful. This information is the property of Luce & Associates, P.S.  If you received this e-mail in error, please notify us immediately by return e-mail or by calling (253) 922-8724.
2.  This e-mail transmission may not be secure and may be illegally intercepted.  Clients of Luce & Associates, P.S. are asked to use their best judgment in determining whether the topic of an e-mail response is such that it would be better saved for a more secure means of communication.
3.  The sender believes that this e-mail and any attachments are free of any virus.  However, by reading this message and opening any attachments, the recipient accepts full responsibility for taking remedial action regarding any viruses or other defects.
4.  All Luce & Associates' attorneys are licensed to practice law in Washington and do not intend to give legal advice to anyone with legal matters not involving Washington law or federal law or to those who are not clients of this firm.

-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://mailman.fsr.com/pipermail/wsbarp/attachments/20210409/1b594787/attachment.html>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: image001.gif
Type: image/gif
Size: 1396 bytes
Desc: image001.gif
URL: <http://mailman.fsr.com/pipermail/wsbarp/attachments/20210409/1b594787/image001.gif>