[WSBAPT] Non Probate Affidavit

[John McCrady]

Yes; presumably you are correct.  She would only need a new policy if the existing policy is so old that the insured amount is deemed is not sufficient for the comfort of the insured.  In that case she could ask her Title Insurer if they have a product (renewal policy or endorsement) to boost the insurance amount.

________________________________________
From: wsbapt-bounces at lists.wsbarppt.com [wsbapt-bounces at lists.wsbarppt.com] On Behalf Of Paul Neumiller [pneumiller at hotmail.com]
Sent: Friday, November 06, 2015 9:27 AM
To: 'WSBA Probate & Trust Listserv'
Subject: Re: [WSBAPT] Non Probate Affidavit

John, assuming that since the widow already owns the property so would probably already have purchased a title policy, wouldn’t it is simplest to ask the existing title company to issue an endorsement to the existing policy that the transfer to the trust is covered?


From: wsbapt-bounces at lists.wsbarppt.com [mailto:wsbapt-bounces at lists.wsbarppt.com] On Behalf Of John McCrady
Sent: Thursday, November 5, 2015 5:03 PM
To: WSBA Probate & Trust Listserv <wsbapt at lists.wsbarppt.com>
Subject: Re: [WSBAPT] Non Probate Affidavit

Will you be asking for a title policy insuring the ownership by the Trustee of the Trust?  Each title company will have their own rules about insuring a no consideration transfer, but we would insure such a transaction depending on the contents of the submitted non-probate affidavit.

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> [mailto:wsbapt-bounces at lists.wsbarppt.com] On Behalf Of Michael Atkins
Sent: Thursday, November 05, 2015 3:51 PM
To: PROBATE -REAL PROP SECTION <wsbapt at lists.wsbarppt.com<mailto:wsbapt at lists.wsbarppt.com>>
Subject: [WSBAPT] Non Probate Affidavit

Surviving Widow came in to put Real property into a revocable trust.  Determined that H died intestate and estate not probated.  Any one know if Title Co (if yes which one) will allow a non probate affidavit and Deed to Trust ? My experience has only been when there was a sale and they do Title Insurance Policy?
Thanks
Mike
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