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<p>She "wants" the property, and what she wants she must have.
(There as some non-probate assets, like joint accounts with right
of survivorship.)<br>
</p>
<p>Thanks,</p>
<p>Garl<br>
</p>
<div class="moz-cite-prefix">On 5/11/21 3:56 PM,
<a class="moz-txt-link-abbreviated" href="mailto:Jeff@bellanddavispllc.com">Jeff@bellanddavispllc.com</a> wrote:<br>
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<p class="MsoNormal">The IRS can foreclose its tax lien which
would end the life estate. Therefore, if the asset is the
only source of money to pay decedent’s debt, the estate should
have authority to sell. If the estate is insolvent you need
court authority to sell. The life estate is in the property
not the cash. The daughter would take the remainder of the
estate. On what grounds is the daughter objecting?<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Jeff <o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<div>
<p class="MsoNormal"><b><span
style="font-family:"Tahoma",sans-serif">W.
Jeff Davis<o:p></o:p></span></b></p>
<p class="MsoNormal"><b><span
style="font-size:10.0pt;font-family:"Tahoma",sans-serif;color:black">BELL
& DAVIS PLLC</span></b><span
style="font-size:10.0pt;font-family:"Tahoma",sans-serif;color:black"><br>
P.O. Box 510<o:p></o:p></span></p>
<p class="MsoNormal"><span
style="font-size:10.0pt;font-family:"Tahoma",sans-serif;color:black">720
E. Washington Street, Suite 105<br>
Sequim WA 98382<br>
Phone: (360) 683.1129 <br>
Fax: (360) 683.1258 <br>
email: </span><span
style="font-size:10.0pt;font-family:"Tahoma",sans-serif"><a
href="mailto:jeff@bellanddavispllc.com"
moz-do-not-send="true"><span style="color:#0563C1">jeff@bellanddavispllc.com</span></a><span
style="color:black"><br>
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target="_blank" moz-do-not-send="true"><span
style="font-size:10.0pt;font-family:"Tahoma",sans-serif;color:blue">www.bellanddavispllc.com</span></a><span
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<p class="MsoNormal"><b><o:p> </o:p></b></p>
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<p class="MsoNormal"><o:p> </o:p></p>
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<p class="MsoNormal"><b>From:</b>
<a class="moz-txt-link-abbreviated" href="mailto:wsbarp-bounces@lists.wsbarppt.com">wsbarp-bounces@lists.wsbarppt.com</a>
<a class="moz-txt-link-rfc2396E" href="mailto:wsbarp-bounces@lists.wsbarppt.com"><wsbarp-bounces@lists.wsbarppt.com></a> <b>On Behalf Of
</b>K. Garl Long<br>
<b>Sent:</b> Tuesday, May 11, 2021 3:41 PM<br>
<b>To:</b> WSBA RPPT Real Property Discussion Forum
<a class="moz-txt-link-rfc2396E" href="mailto:wsbarp@LISTS.WSBARPPT.COM"><wsbarp@LISTS.WSBARPPT.COM></a><br>
<b>Subject:</b> [WSBARP] Solvency - Insolvency<o:p></o:p></p>
</div>
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<p class="MsoNormal"><o:p> </o:p></p>
<p>Estate's major asset is agricultural land it leases out. Its
major debt is a large decedent IRS income tax bill. There is
a buyer for the agricultural land. Will leaves a life estate
in the land to testator's sister, with the remainder interest
to his daughter. If the estate can sell the land it can pay
its tax bill, but daughter objects to the sale. <o:p></o:p></p>
<p>Can PR sell free of the remainder interest? If so, does life
estate holder have an interest in the substantial excess
proceeds? Does remainder holder daughter? Can the IRS execute
against the life estate?<o:p></o:p></p>
<p>Probably more important questions, but I don't want to
overburden the brain trust.<o:p></o:p></p>
<p>Thanks,<o:p></o:p></p>
<p>Garl<o:p></o:p></p>
<div>
<p class="MsoNormal">-- <b><o:p></o:p></b></p>
<p style="text-align:center" align="center"><b>Law Offices of
K. Garl Long - Mount Vernon, Washington - (360) 336-3322<o:p></o:p></b></p>
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