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

[Diane J. Kiepe]

Yes, in Washington State, since we are community property, so long as the property is considered community all gets a step-up (a win for our state!).  All property acquired during marriage is presumed (rebuttable) to be CP - the title is irrelevant and in this case is likely just a probate avoidance mechanism.

Best of luck,


Diane J. Kiepe

Diane J. Kiepe, Attorney at Law
Douglas * Eden
717 W. Sprague Ave., Suite 1500
Spokane, WA  99201
Phone:  (509) 455-5300
Fax:        (509) 455-5348
djkiepe at depdslaw.com





From: wsbapt-bounces at lists.wsbarppt.com [mailto:wsbapt-bounces at lists.wsbarppt.com] On Behalf Of Jeff Davis
Sent: Monday, November 26, 2018 1:56 PM
To: 'WSBA Probate & Trust Listserv'
Cc: mindy at bellanddavispllc.com
Subject: [WSBAPT] Husband & Wife hold title to home as JTWROS

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: info at bellanddavispllc.com<mailto:info at bellanddavispllc.com>
www.bellanddavispllc.com<http://www.bellanddavispllc.com/>

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