[WSBARP] Succession Tax, Inheritance Tax, Estate Tax

[Eric Nelsen]

Okay, can someone enlighten me here? I know the difference between estate tax and inheritance tax: an estate tax is paid by the decedent's estate and is typically based on the estate's whole value, while an inheritance tax (which Washington doesn't have) is paid by the beneficiary of an estate and is based on what that beneficiary receives.

But in real property transactions when an Estate is selling real property, I routinely see title companies refer to a "lien of succession tax." Whattheheck is a succession tax? Black's law dictionary appears to liken it to an inheritance tax, but Washington hasn't had one of those since 1981<https://leg.wa.gov/CodeReviser/documents/sessionlaw/1981ex2c7.pdf?cite=1981%202nd%20ex.s.%20c%207%20%C2%A7%2083.100.010>.

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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