[WSBARP] Cell phone Tower in Estate

Fri Apr 9 10:57:56 PDT 2021

The cell towers I deal with get offers to purchase about every month.  
Depending upon how "accurate" or "official" you want to be, these offers 
are realistic, and take into account more than what an appraiser would. 
And wouldn't their offer be fmv?

Very Truly Yours,

Robert R. Cole

Law Office of Cole & Gilday, P.C.

10101 - 270th St. NW

Stanwood, WA 98292

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On 4/9/2021 10:17 AM, Kary Krismer wrote:
>
> 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>
>>
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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*
>>
>> *Luce & Associates, P.S.*
>>
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