[WSBARP] Cell phone Tower in Estate

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
>
> 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.
>
>
> ***Disclaimer: Please note that RPPT listserv participation is not restricted to practicing attorneys and may include non-practicing attorneys, law students, professionals working in related fields, and others.***
>
> _______________________________________________
> WSBARP mailing list
> WSBARP at lists.wsbarppt.com
> http://mailman.fsr.com/mailman/listinfo/wsbarp
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://mailman.fsr.com/pipermail/wsbarp/attachments/20210409/0b03a86e/attachment.html>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: image001.gif
Type: image/gif
Size: 1396 bytes
Desc: not available
URL: <http://mailman.fsr.com/pipermail/wsbarp/attachments/20210409/0b03a86e/image001.gif>