[WSBAPT] title question

[Marcia Mellinger]

If title is only in his name, when the property is sold as their principal residence are they able to take the $500k exemption, or only the one person exemption of $250k?

From: rob at rowleylegal.com
Date: Thu, 18 Jun 2015 10:00:48 -0700
To: wsbapt at lists.wsbarppt.com
Subject: Re: [WSBAPT] title question

Setting aside the community property aspects-by having her on title then grants her standing if she should ever seek foreclosure mediation.  Please note that effective May 15, 2015, my new address is 7 South Howard St., Suite 218, Spokane, WA 99201.  All other contact information remains the same. Robert R. Rowley | Attorney at Law7 S. Howard St, Suite 218Spokane, WA  99201Telephone: (509) 252-5074Mobile: (509) 994-1143Facsimile: (509) 928-3084Email: rob at rowleylegal.comWeb Site: www.rowleylegal.com Practice concentrated on business, real estate and general legal matters in Washington and Idaho.  NOTICE: The contents of this message and any attachments may be protected by the attorney-client privilege, work product doctrine or other applicable protections.  If you are not the intended recipient or have received this message in error, please notify the sender and promptly delete the message.  Thank you for your assistance.DISCLAIMER: You should recognize that responses provided by e-mail means are akin to ordinary telephone or face-to-face conversations and do not reflect the level of factual or legal inquiry or analysis which would be applied in the case of a formal legal opinion. A formal opinion may very well reach a different conclusion. From: wsbapt-bounces at lists.wsbarppt.com [mailto:wsbapt-bounces at lists.wsbarppt.com] On Behalf Of Sharon Rutberg
Sent: Thursday, June 18, 2015 9:36 AM
To: wsbapt at lists.wsbarppt.com
Subject: [WSBAPT] title question Hello, Listmates – Clients are a married couple. He purchased the house they live in before they married and only his name is on the title. She helps pay the mortgage. They wish to have it treated as community property.  We are doing a simple Community Property Agreement stating that the house is their community property (as well as clarifying the status of some other property). Do you see any compelling reason also to create a new deed naming them both as owners? I suppose he would quitclaim to the two of them as a married couple.  As always, thanks for your wise guidance. Sharon Sharon C. RutbergAttorney at Law1718 NW 56th Street, Suite 304Seattle, WA 98107Website: www.sharonrutberglaw.com 206-409-2604email at sharonrutberglaw.comWashington State Bar #47055
D.C. Bar #420576

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