<html xmlns:v="urn:schemas-microsoft-com:vml" xmlns:o="urn:schemas-microsoft-com:office:office" xmlns:w="urn:schemas-microsoft-com:office:word" xmlns:m="http://schemas.microsoft.com/office/2004/12/omml" xmlns="http://www.w3.org/TR/REC-html40"><head><meta http-equiv=Content-Type content="text/html; charset=utf-8"><meta name=Generator content="Microsoft Word 15 (filtered medium)"><title>Law Offices of K</title><style><!--
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</o:shapelayout></xml><![endif]--></head><body lang=EN-US link="#0563C1" vlink="#954F72" style='word-wrap:break-word'><div class=WordSection1><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"><span style='color:#0563C1'>jeff@bellanddavispllc.com</span></a><span style='color:black'><br></span></span><a href="http://www.bellanddavispllc.com/" target="_blank"><span style='font-size:10.0pt;font-family:"Tahoma",sans-serif;color:blue'>www.bellanddavispllc.com</span></a><span style='font-size:10.0pt;font-family:"Tahoma",sans-serif;color:black'><br> <br>The information contained in this e-mail message may be privileged, confidential, and protected from disclosure. If you are not the intended recipient, any dissemination, distribution, or copying is strictly prohibited. If you think that you have received this e-mail message in error, please e-mail the sender at </span><a href="mailto:info@bellanddavispllc.com"><span style='font-size:10.0pt;font-family:"Tahoma",sans-serif;color:blue'>info@bellanddavispllc.com</span></a><span style='font-size:10.0pt;font-family:"Tahoma",sans-serif;color:black'> or call 360.683.1129.</span><span style='font-size:10.0pt;font-family:"Tahoma",sans-serif'><o:p></o:p></span></p><p class=MsoNormal><b><o:p> </o:p></b></p></div><p class=MsoNormal><o:p> </o:p></p><div><div style='border:none;border-top:solid #E1E1E1 1.0pt;padding:3.0pt 0in 0in 0in'><p class=MsoNormal><b>From:</b> wsbarp-bounces@lists.wsbarppt.com <wsbarp-bounces@lists.wsbarppt.com> <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 <wsbarp@LISTS.WSBARPPT.COM><br><b>Subject:</b> [WSBARP] Solvency - Insolvency<o:p></o:p></p></div></div><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 align=center style='text-align:center'><b>Law Offices of K. Garl Long - Mount Vernon, Washington - (360) 336-3322<o:p></o:p></b></p><p><i><span style='font-size:10.0pt'>This message is for the exclusive use of the intended recipient(s). It may contain information that is privileged, confidential or exempt from disclosure under applicable law. If you have received this message in error, please notify the sender and delete all copies of the original message. Any retention, reproduction, use, or retransmission of this message, other than by the intended recipient(s), is prohibited.<o:p></o:p></span></i></p></div></div></body></html>