[WSBARP] DSTs and WA Estate Tax

[Heather de Vrieze]

If a WA client has real property outside of Washington, they will generally receive a reduction in their WA Estate tax for the proportion of their estate that out of state property represents. If they have utilized a 1031 exchange, selling that property and buying into a DST (Delaware Statutory Trust), will their ownership of the DST be treated as personal property (like if it was an LLC) or as real property outside of Washington?

If anyone has experience or specific knowledge about this I'd love to talk with you. Current EP clients have an estate which is comprised almost 50% DST interests.

Heather

Heather S. de Vrieze
Attorney-at-Law
[cid:image001.jpg at 01DB2529.E76F75D0]
3909 California Avenue SW
Seattle, WA 98116-3705
(206)938-5500
heatherd at westseattlelaw.com<mailto:heatherd at westseattlelaw.com>
www.westseattlelaw.com<http://www.westseattlelaw.com/>

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