Michael Mariani, V. State Of Wa, Dept. Of Financial Institutions

IN THE COURT OF APPEALS OF THE STATE OF WASHINGTON MICHAEL MARIANI and PRESTIGE No. 87072-6-I MANAGEMENT LLC, Appellants, DIVISION ONE v. PUBLISHED OPINION DEPARTMENT OF FINANCIAL INSTITUTIONS, Respondent. SMITH, J. — Gary and Irene Cline owned real estate in Washington which they had decided to sell. To increase the proceeds of the sale of that real estate and to defer taxes, the Clines invested in a deferred sales trust. Michael Mariani and Prestige Management, LLC, helped establish that trust and served as trustees for the account. Following review of the trust, the Department of Financial…