[WSBAPT] title question

[Mike Winslow]

John,
Do you recommend use of a Bargain and Sale Deed. I have heard that this or a
warranty deed will "preserve" prior title insurance coverage, whereas a QCD
will affect prior title coverage. I understand that there is no new title
coverage invoked by use of a warranty deed.
Mike
 
Michael A. Winslow
1204 Cleveland Ave.
Mount Vernon, WA 98273
Ph. 360-336-3321
Em. Mike at winslegal.com
 
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From: wsbapt-bounces at lists.wsbarppt.com
[mailto:wsbapt-bounces at lists.wsbarppt.com] On Behalf Of John McCrady
Sent: Thursday, June 18, 2015 10:46 AM
To: WSBA Probate & Trust Listserv
Subject: Re: [WSBAPT] title question
 
If you are going to record the Community Property Agreement there is no need
to also record a deed.  
If there are aspects of the Agreement you do not wish to make public, then
recording the deed makes sense.
 
John McCrady
Counsel
Puget Sound Title Company
5350 Orchard Street West
University Place WA 98466
253-476-5721
 
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. Rutberg
Attorney at Law
1718 NW 56th Street, Suite 304
Seattle, WA 98107
Website: www.sharonrutberglaw.com 
206-409-2604
email at sharonrutberglaw.com
Washington State Bar #47055
D.C. Bar #420576

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