[WSBAPT] More than 2 step-ups in basis one one property?

[Kailei Feeney]

I would anticipate that if it was still her separate property on the face of the deed then a community property agreement executed after their marriage would suffice. In lieu of that, her transferring to both of them as a married couple on the face of the deed also would accomplish this.

Kailei
Kailei B. Feeney
Attorney-at-Law
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From: wsbapt-bounces at lists.wsbarppt.com [mailto:wsbapt-bounces at lists.wsbarppt.com] On Behalf Of Sharon Rutberg
Sent: Friday, April 21, 2017 1:32 PM
To: 'WSBA Probate & Trust Listserv'
Subject: Re: [WSBAPT] More than 2 step-ups in basis one one property?

This is of interest. John, what is your preferred way to make that conversion? Using a community property agreement?

Sharon C. Rutberg, Attorney at Law
Salmon Bay Law Group, PLLC
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From: wsbapt-bounces at lists.wsbarppt.com<mailto:wsbapt-bounces at lists.wsbarppt.com> [mailto:wsbapt-bounces at lists.wsbarppt.com] On Behalf Of John Creahan
Sent: Friday, April 21, 2017 12:24 PM
To: WSBA Probate & Trust Listserv
Subject: Re: [WSBAPT] More than 2 step-ups in basis one one property?

Yes, if they converted wife's separate property into community property with her second spouse.

John Creahan
Cairn Law, PLLC
206-578-5877
Sent from my phone
________________________________
From: Ashley Raymond<mailto:ashleyraymondlaw at gmail.com>
Sent: ‎4/‎21/‎2017 12:15 PM
To: WSBA Probate & Trust Listserv<mailto:wsbapt at lists.wsbarppt.com>
Subject: [WSBAPT] More than 2 step-ups in basis one one property?
Husband and wife own multiple properties as community property. Husband dies and property gets a step-up in basis. Wife remarries. 2nd husband dies. Can wife get another step-up in basis in the properties?

Ashley Raymond, J.D., LL.M.
Ashley Raymond, PLLC
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