[WSBAPT] Husband & Wife hold title to home as JTWROS

[Jeff Davis]

Listmates, 

 

Clients purchased their Washington residence as "X & Y, husband and wife, as
joint tenants with right of survivorship."  Question, on the death of the
first spouse will the entire property get a step up in basis or just
one-half?

 

Thanks for your input.

 

Jeff Davis

 

W. Jeff Davis, Esq.

BELL & DAVIS PLLC
P.O. Box 510
Sequim WA 98382
Phone No.:(360) 683.1129 
Fax No.: (360) 683.1258 
email:  <mailto:info at bellanddavispllc.com> info at bellanddavispllc.com
 <http://www.bellanddavispllc.com/> www.bellanddavispllc.com
 
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