[WSBARP] Cell phone Tower in Estate
Kary Krismer
Krismer at comcast.net
Fri Apr 9 10:17:25 PDT 2021
I would agree the chance of default is probably low, but unless the
estate is paying estate tax, there would be no reason to worry about a
future default--that would likely just create a future loss on income
taxes. Also, if the contract is going to the surviving spouse there
would be no reason to worry about a default because there would be no
estate tax.
An attorney who regularly does probate/estate tax matters might be able
to come up with how to pick a discount rate without utilizing an appraiser.
Kary L. Krismer
206 723-2148
On 4/9/2021 9:50 AM, Eric Nelsen wrote:
>
> 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
>
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> *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*
>
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