[WSBARP] REET and TEDRA Agreement Question

[Gabriel Dietz]

Good Afternoon Listmates,

Mom passed away in 2014. Dad passed away in 2022. Daughters A, B, and C are
the surviving relatives and beneficiaries under Mom's credit trust. Dad was
the trustee until he died. Daughter A is now the trustee. The house is
valued at $2.7M in the trust. There is also $800,000 in other assets in the
trust. A, B, and C want to distribute the other assets evenly to A and B
and distribute the house to C. C would owe A and B $1,533,333.33, or
$766,666.67 each as a result from an accounting perspective to
make distributions valued the same. Under WAC 458-61A-202 is excise tax due
on $1,533,333.33 as payment from C to A and B, for C to take sole title? I
thought I would check with those more experienced since I haven't done this
exact scenario before.

Thank you,

Gabriel A. Dietz

Partner

Hoerschelmann Dietz PLLC
p: (206) 451-3859

f: (206) 337-4506

*gabe at hdpnw.com <gabe at hdpnw.com>*

*www.hdpnw.com <http://www.hdpnw.com/>*

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