<div dir="ltr">Hi Roger,<div><br></div><div>There would be a step up in basis when the decedent died, so the gain would be eliminated and there should not be an issue for the PR or estate. Gain should only apply to any value gained <i>after</i> the decedent passed until the property was sold, if any. Unless I am missing something specific on this transaction. </div></div><br><div class="gmail_quote"><div dir="ltr" class="gmail_attr">On Thu, Nov 3, 2022 at 3:08 PM Roger Hawkes <<a href="mailto:Roger@law-hawks.com">Roger@law-hawks.com</a>> wrote:<br></div><blockquote class="gmail_quote" style="margin:0px 0px 0px 0.8ex;border-left:1px solid rgb(204,204,204);padding-left:1ex"><div class="msg-316325125849863497">
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<p class="MsoNormal">Soon a dispute will arise regarding a title insured transaction. Probate PR did not know that decedent had deferred real estate taxes on the home that PR sold. Title company did not call them out and escrow closed with no hiccups at all.
When title company sues discharged pr for the unpaid taxes, what defenses matter?<u></u><u></u></p>
<p class="MsoNormal"><u></u> <u></u></p>
<p class="MsoNormal">Roger Hawkes, WSBA # 5173<u></u><u></u></p>
<p class="MsoNormal">Sky Valley Lawyers, PLLC<u></u><u></u></p>
<p class="MsoNormal">Physical Address: 423 Main Street<u></u><u></u></p>
<p class="MsoNormal">Mailing Address: Box 351<u></u><u></u></p>
<p class="MsoNormal">Both in Sultan, WA 98294<u></u><u></u></p>
<p class="MsoNormal">Phone 360 799 6438<u></u><u></u></p>
<p class="MsoNormal">Email: <a href="mailto:roger@skyvalleylawyers.com" target="_blank">roger@skyvalleylawyers.com</a><u></u><u></u></p>
<p class="MsoNormal"><u></u> <u></u></p>
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