[WSBARP] FW: deferred taxes not called out?

[Julie Martiniello]

Hi Roger,

There would be a step up in basis when the decedent died, so the gain would
be eliminated and there should not be an issue for the PR or estate. Gain
should only apply to any value gained *after* the decedent passed until the
property was sold, if any. Unless I am missing something specific on this
transaction.

On Thu, Nov 3, 2022 at 3:08 PM Roger Hawkes <Roger at law-hawks.com> wrote:

> Soon a dispute will arise regarding a title insured transaction.  Probate
> PR did not know that decedent had deferred real estate taxes on the home
> that PR sold.  Title company did not call them out and escrow closed with
> no hiccups at all.  When title company sues discharged pr for the unpaid
> taxes, what defenses matter?
>
>
>
> Roger Hawkes, WSBA # 5173
>
> Sky Valley Lawyers, PLLC
>
> Physical Address: 423 Main Street
>
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>
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>
> Phone 360 799 6438
>
> Email: roger at skyvalleylawyers.com
>
>
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-- 
Respectfully,



Julie Martiniello, Partner

Dimension Law Group, PLLC

*Office:*  206-973-3500│*Fax:*  206-577-5090

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