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<DIV style="FONT-SIZE: 14pt; FONT-FAMILY: 'Calibri'; COLOR: #000000">
<DIV><FONT size=4>You can do a PR deed to all the beneficiaries.</FONT></DIV>
<DIV><FONT size=4>Then you can do a sale of the 2/3rds interest at whatever
price the donor’s wish to sell their interest. and the REET would be on that
sale.</FONT></DIV>
<DIV> </DIV>
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<DIV><STRONG><SPAN style="FONT-SIZE: 18pt; COLOR: #004080">Joshua F.
Grant</SPAN></STRONG><SPAN style="COLOR: #004080"><BR></SPAN><SPAN
style="COLOR: black"><IMG title=advocates
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width=207 height=43><BR></SPAN><SPAN style="FONT-SIZE: 11pt; COLOR: #004080">P.
O. Box 619<BR>Wilbur, WA 99185<BR>509 647 5578</SPAN><SPAN
style="COLOR: black"><o:p></o:p></SPAN></DIV></DIV></DIV></DIV>
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<DIV style="BACKGROUND: #f5f5f5">
<DIV style="font-color: black"><B>From:</B> <A
title=kristina@rdattys.comcastbiz.net>Kristina Driessen</A> </DIV>
<DIV><B>Sent:</B> Friday, November 20, 2020 7:20 AM</DIV>
<DIV><B>To:</B> <A title=wsbarp@lists.wsbarppt.com>WSBA Real Property
Listserv</A> </DIV>
<DIV><B>Subject:</B> [WSBARP] Excise tax question with part inheritance
partconsideration</DIV></DIV></DIV>
<DIV> </DIV></DIV>
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<P class=MsoNormal><SPAN
style='FONT-SIZE: 12pt; FONT-FAMILY: "Arial",sans-serif; COLOR: black'>Good
Morning:<o:p></o:p></SPAN></P>
<P class=MsoNormal><SPAN
style='FONT-SIZE: 12pt; FONT-FAMILY: "Arial",sans-serif; COLOR: black'><o:p></o:p></SPAN> </P>
<P class=MsoNormal><SPAN
style='FONT-SIZE: 12pt; FONT-FAMILY: "Arial",sans-serif; COLOR: black'>Maybe I
way over thinking this but I am spinning my wheels on this
issue.<o:p></o:p></SPAN></P>
<P class=MsoNormal><SPAN
style='FONT-SIZE: 12pt; FONT-FAMILY: "Arial",sans-serif; COLOR: black'><o:p></o:p></SPAN> </P>
<P class=MsoNormal><SPAN
style='FONT-SIZE: 12pt; FONT-FAMILY: "Arial",sans-serif; COLOR: black'>Facts: An
estate has been opened with the courts, [intestate]. The only real asset is a
home [plus a very small bank account] There are 3 heirs. One of the heirs
wishes to purchase the home as she has been residing in the home caring for the
decedent. All agree to give the heir that cared for the decedent a larger
percentage of the home. There are not enough assets to do a like kind sort of
transfer. Heir is obtaining a loan to buy the home. The sale price to the
one heir is 210,000.00<o:p></o:p></SPAN></P>
<P class=MsoNormal><SPAN
style='FONT-SIZE: 12pt; FONT-FAMILY: "Arial",sans-serif; COLOR: black'><o:p></o:p></SPAN> </P>
<P class=MsoNormal><SPAN
style='FONT-SIZE: 12pt; FONT-FAMILY: "Arial",sans-serif; COLOR: black'><o:p></o:p></SPAN> </P>
<P class=MsoNormal><SPAN
style='FONT-SIZE: 12pt; FONT-FAMILY: "Arial",sans-serif; COLOR: black'>Just
throwing out numbers…. If the home is valued at $400,000.00 each heir
technically has an interest valued at $133,333.33. <o:p></o:p></SPAN></P>
<P class=MsoNormal><SPAN
style='FONT-SIZE: 12pt; FONT-FAMILY: "Arial",sans-serif; COLOR: black'>Would the
excise tax be on the 210K OR difference in the sale price and her actual
inheritance =$76,666.67 OR the difference in the value and her actual
inheritance $267,666.67.<o:p></o:p></SPAN></P>
<P class=MsoNormal><SPAN
style='FONT-SIZE: 12pt; FONT-FAMILY: "Arial",sans-serif; COLOR: black'><o:p></o:p></SPAN> </P>
<P class=MsoNormal><SPAN
style='FONT-SIZE: 12pt; FONT-FAMILY: "Arial",sans-serif; COLOR: black'>Thanks in
advance!<o:p></o:p></SPAN></P>
<P class=MsoNormal><SPAN
style='FONT-SIZE: 12pt; FONT-FAMILY: "Arial",sans-serif; COLOR: black'><o:p></o:p></SPAN> </P>
<P class=MsoNormal><SPAN
style='FONT-SIZE: 12pt; FONT-FAMILY: "Arial",sans-serif; COLOR: black'><o:p></o:p></SPAN> </P>
<P class=MsoNormal><SPAN
style='FONT-SIZE: 12pt; FONT-FAMILY: "Arial",sans-serif; COLOR: black'><o:p></o:p></SPAN> </P>
<P class=MsoNormal><I><SPAN
style='FONT-SIZE: 10pt; FONT-FAMILY: "Bookman Old Style",serif; COLOR: black'>Kristina
A. Driessen<o:p></o:p></SPAN></I></P>
<P class=MsoNormal><SPAN
style='FONT-SIZE: 10pt; FONT-FAMILY: "Bookman Old Style",serif; COLOR: black'>“A”
Street Legal Services, Inc. P.S<o:p></o:p></SPAN></P>
<P class=MsoNormal><SPAN
style='FONT-SIZE: 10pt; FONT-FAMILY: "Bookman Old Style",serif; COLOR: black'>Attorneys
at Law<o:p></o:p></SPAN></P>
<P class=MsoNormal><SPAN
style='FONT-SIZE: 10pt; FONT-FAMILY: "Bookman Old Style",serif; COLOR: black'>16
A Street SE<o:p></o:p></SPAN></P>
<P class=MsoNormal><SPAN
style='FONT-SIZE: 10pt; FONT-FAMILY: "Bookman Old Style",serif; COLOR: black'>Auburn,
WA. 98002<o:p></o:p></SPAN></P>
<P class=MsoNormal><SPAN
style='FONT-SIZE: 10pt; FONT-FAMILY: "Bookman Old Style",serif; COLOR: black'>(253)
939-0811<o:p></o:p></SPAN></P>
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style='FONT-SIZE: 10pt; FONT-FAMILY: "Bookman Old Style",serif; COLOR: black'>(253)
939-0471 fax<o:p></o:p></SPAN></P>
<P class=MsoNormal><SPAN
style='FONT-SIZE: 10pt; FONT-FAMILY: "Bookman Old Style",serif; COLOR: black'>astreetlegalservices.com<o:p></o:p></SPAN></P>
<P class=MsoNormal><U><SPAN
style='FONT-SIZE: 10pt; FONT-FAMILY: "Bookman Old Style",serif; COLOR: black'>kristina@rdattys.comcastbiz.net<o:p></o:p></SPAN></U></P>
<P class=MsoNormal><SPAN
style="FONT-SIZE: 12pt; COLOR: black"><o:p></o:p></SPAN> </P>
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style="FONT-SIZE: 9pt; COLOR: black">CONFIDENTIALITY NOTICE</SPAN></B><SPAN
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