Does the administrator of an estate need to get a formal real estate appraisal for tax purposes?

There is no requirement to obtain an appraisal. It is a good idea if there has been a significant amount of time or a substantial change in the...

Does a person have the right to sell his real estate ,after a will and trust is drafted?

What a person says in his/her will, and the transactions they enter into during life are generally independent of each other, unless, however, that...

Waiting period for probate to finalize

Ms. Silva has given a very accurate summary of the creditor claim timeframe, etc., which is the question you asked. Mr. Elder, however, correctly...

In Washington an attorney cannot represent someone as a PR and as a beneficiary who will be trying to enforce his/her cause as a beneficiary. It...

Step up base on real estate, is it including the investment properties? or just the primary home?

Generally, yes, property gets a basis adjustment (up or down) to fair market value as of the date of death (or six months after the death if...

Properties are outside of revocable living trust, now 1 spouse died, what can surviving spouse do to put it back to the trust.

Did the deceased spouse sign a will that passed his/her property to the revocable trust? Doing what is called a "pour-over" will is routine...

WA: Husband died - with no will. Don't think it needs probate. What and where do I file?

It appears that an intestate administration (like a probate but without a will) could be avoided. Assuming all of the property was community...

Can I sue an Executor for nefarious activities regarding both the estate and non-estate matters in one lawsuit?

Washington has a statute called the Trust and Estate Dispute Resolution Act (TEDRA) that covers almost anything related to a trust or estate. You...

Irrevocable trusts and limited liability company

You mother sounds like a particularly wealthy woman. With high-net-worth clients, it is not unusual for estate tax planning to including many...

If you inherit a house from a parent what taxes do you pay?

It depends on what the total value of the estate is and how the will (or revocable trust) allocates any estate tax owing. If there wasn't a will...