[WSBAPT] Question on Property transfer to an LLC

Allen Draher allen at draherlaw.com
Tue Nov 20 13:48:40 PST 2018


I think it can be accomplished in one deed.  I always discuss this with a title officer at a title co. because they are the ones that will review this in the future to make sure the chain is in place.  Allen

Allen Draher

Law Office of Allen Draher, PLLC
5426 California Ave. S.W.
Seattle, WA 98136

ph   206-935-2998
allen at draherlaw.com<mailto:allen at draherlaw.com>

__________________________________________________________

NOTICE:  This communication (including any attachments) may contain privileged or confidential information intended for a specific individual and purpose, and is protected by law.  If you are not the intended recipient, you should delete this communication and/or shred the materials and any attachments and are hereby notified that any disclosure, copying or distribution of this communication, or the taking of any action based on it, is strictly prohibited.  Thank you.
__________________________________________________________

To comply with IRS regulations, we are required to inform you that this message, if it contains advice relating to federal taxes, cannot be used for the purpose of avoiding penalties that may be imposed under federal tax law.

From: wsbapt-bounces at lists.wsbarppt.com <wsbapt-bounces at lists.wsbarppt.com> On Behalf Of Keil Larsen
Sent: Tuesday, November 20, 2018 1:44 PM
To: WSBA Probate & Trust Listserv <wsbapt at lists.wsbarppt.com>
Subject: [WSBAPT] Question on Property transfer to an LLC

Hello all,

A quick question to see whether I have the order of events correctly to transfer property from two individuals into an LLC also owned by them.

Two individuals purchased real property prior to marriage as their separate property.  Later, they were married but never updated the title to the property to reflect the community interest.   The wife also changed her legal name to take her husband's last name.  Now they want to transfer the property into an LLC.

Do I need to have them execute two separate quit claim deeds (1) from their separate property to the community and (2) from the community into the LLC?  Or can this be accomplished by way of one deed in which I reference the prior marriage and subsequent name change?

Thanks for your insight

Keil A. Larsen
Attorney at Law
Reed Pruett Walters Larsen PLLC<http://www.rpwlawfirm.com/>
11120 NE 2nd Street, Suite 200
Bellevue, WA 98004
KLarsen at RPWLawFirm.com<mailto:KLarsen at RPWLawFirm.com>
Direct 206-953-9633
Fax 425-642-8260
NOTICE: The information contained in this email is confidential and may be subject to the attorney-client privilege. If you are not the intended recipient, you are hereby notified that any use, dissemination, distribution or copying of this email is prohibited.  If you received this email in error, please immediately notify the sender by telephone at the number above.

-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://mailman.fsr.com/pipermail/wsbapt/attachments/20181120/2d852e84/attachment.html>


More information about the WSBAPT mailing list