QUESTION
Probated Estate, sister wants to buy out my half of interest on vehicle so she owns car. Who does check get written to, Me or Estate? 50/50 div. asset
Asked on Nov 03rd, 2020 on Wills and Probate - Washington
More details to this question:
I am PR and have approved Letter Testamentary. My sister and I must split entire estate 50/50. She wants to buy Dad’s car worth 18,000 in WA state but it’s truly 50% inherited so she should not pay any sales tax. I get 50% of the value of sale. Does she write a check directly to me for $9k and what amount of sale do I put on bill of sale? Thx.
1 ANSWER
2 Awards
Step One. Distribute the car to both you and your sister, titling it in both names.
Step Two. Sell your share in the car to your sister, titling it in her name only.
Answered on Nov 04th, 2020 at 5:15 AM
This is general information. It cannot substitute for a personal consultation with an attorney. It is not intended to be legal advice or imply an attorney-client relationship.