[SPAM] Re: [WSBAPT] Can restate two old out-of-state SepProp RLTs into a new joint Washington RLT so WA residence doesn't have to be retitled?

[Robert Millsap]

How about adding recitals that state the grantors cancel their prior RLTs
and each authorizes the assets to be transferred to a New Washington RLT?
That might be cleaner although I cannot see why a restatement might not
work.

How about Wills and a community property agreement.  I am guessing they
may want to equalize their estates if they haven married a long time with
the same children.

My 2 cents.

Sent from my iPhone

On Apr 14, 2014, at 9:38 AM, "Glenn Price" <glenn at pricefarrington.com>
wrote:



Sirs/Madams:

 

Recently acquired clients are a married couple in their 70s with old,
separate RLT plans executed in Illinois. Is there general agreement that I
cannot restate their two separate RLTs as a new joint WA  RLT?  In other
words, no way I can move their WA residence (1/2 owned in each current
RLT) into the new restatement without having them sign new transfer deeds?

 

Thanks for your insights.

 

GDP

Glenn D. Price, J.D.
Price & Farrington, PLLC
Attorneys and Counselors at Law

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Parkwood Office Center
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Bellevue, Washington 98005
Phone: 425.451.3583  Fax: 425.522.4818

Email: glenn at pricefarrington.com
Home page:    <http://www.pricefarrington.com/> www.pricefarrington.com

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