<div dir="ltr">Good Afternoon Listmates,<div><br></div><div>Mom passed away in 2014. Dad passed away in 2022. Daughters A, B, and C are the surviving relatives and beneficiaries under Mom's credit trust. Dad was the trustee until he died. Daughter A is now the trustee. The house is valued at $2.7M in the trust. There is also $800,000 in other assets in the trust. A, B, and C want to distribute the other assets evenly to A and B and distribute the house to C. C would owe A and B $1,533,333.33, or $766,666.67 each as a result from an accounting perspective to make distributions valued the same. Under WAC 458-61A-202 is excise tax due on $1,533,333.33 as payment from C to A and B, for C to take sole title? I thought I would check with those more experienced since I haven't done this exact scenario before.</div><div><br></div><div>Thank you,</div><div><br clear="all"><div><div dir="ltr" class="gmail_signature" data-smartmail="gmail_signature"><div dir="ltr"><p class="MsoNormal" style="margin-bottom:0.0001pt;line-height:normal;background-image:initial;background-position:initial;background-repeat:initial"><span style="color:black;font-family:Arial,sans-serif">Gabriel A. Dietz</span><br></p><p class="MsoNormal" style="margin-bottom:0.0001pt;line-height:normal;background-image:initial;background-position:initial;background-repeat:initial"><span style="font-family:"Arial",sans-serif;color:black">
Partner</span></p><p class="MsoNormal" style="margin-bottom:0.0001pt;line-height:normal;background-image:initial;background-position:initial;background-repeat:initial"><span style="font-family:"Arial",sans-serif;color:black">Hoerschelmann Dietz PLLC<br>p: (206) 451-3859</span><span style="font-size:12pt;font-family:Arial,sans-serif"></span></p><p class="MsoNormal" style="margin-bottom:0.0001pt;line-height:normal;background-image:initial;background-position:initial;background-repeat:initial"><span style="font-family:"Arial",sans-serif;color:black">f: (</span><font color="#000000" face="Arial, sans-serif">206) 337-4506</font></p><p class="MsoNormal" style="margin-bottom:0.0001pt;line-height:normal;background-image:initial;background-position:initial;background-repeat:initial"><u><span style="font-family:"Arial",sans-serif;color:#1155cc"><a href="mailto:gabe@hdpnw.com" target="_blank"><span style="color:#1155cc">gabe@hdpnw.com</span></a></span></u><br></p><p class="MsoNormal" style="margin-bottom:0.0001pt;line-height:normal;background-image:initial;background-position:initial;background-repeat:initial"><span style="font-size:12pt;font-family:Arial,sans-serif"></span></p><p class="MsoNormal" style="margin-bottom:0.0001pt;line-height:normal;background-image:initial;background-position:initial;background-repeat:initial">



</p><p class="MsoNormal" style="margin-bottom:0.0001pt;line-height:normal;background-image:initial;background-position:initial;background-repeat:initial"><u><span style="font-family:"Arial",sans-serif;color:#1155cc"><span style="color:#1155cc"><a href="http://www.hdpnw.com/" target="_blank">www.hdpnw.com</a></span></span></u><img alt=""><img alt=""></p><p class="MsoNormal" style="margin-bottom:0.0001pt;line-height:normal;background-image:initial;background-position:initial;background-repeat:initial"><img alt=""></p><p class="MsoNormal" style="margin-bottom:0.0001pt;line-height:normal;background-image:initial;background-position:initial;background-repeat:initial"><font color="#888888"><span style="font-size:11pt;font-family:Arial;color:rgb(0,0,0);background-color:transparent;vertical-align:baseline;white-space:pre-wrap"></span></font></p><div style="margin:2px 0px 0px;color:rgb(34,34,34)"><div><span style="background-color:transparent;color:rgb(0,0,0);font-family:Arial;font-size:11pt;white-space:pre-wrap">CONFIDENTIALITY NOTICE: This communication, including any attachments, contains privileged or confidential information intended for a specific individual and purpose, and is protected by law. If you are not the intended recipient, you should delete this communication and shred the materials and any attachments. You are hereby notified that any use, disclosure, copying, or distribution of this communication, or the taking of any action in reliance on the contents of this information, is strictly prohibited. If you have received this transmission in error, please immediately notify me by email or telephone.</span><br></div></div></div></div></div></div></div>