[WSBAPT] Quit Claim Deed to Trust

[Mike Winslow]

Second to John’s suggestions about using SWD and verifying that title insurance will carry over. Use of a QCD may, under some title policies, result in loss of coverage.
Also, make sure the fire/property/casualty insurance carrier is advised of transfer to trust so that trust becomes insured under fire policy. I recommend a letter to the agent/carrier to create written notice.
 
Michael A. Winslow
1204 Cleveland Ave.
Mount Vernon, WA 98273
Ph. 360-336-3321
Em. Mike at winslegal.com
 
This message is from an attorney, so it’s confidential. If you are not the intended recipient, it’s too late to stop reading this message, but you may not use it for any improper purpose. Huge Disclaimer available upon request.
 
From: wsbapt-bounces at lists.wsbarppt.com [mailto:wsbapt-bounces at lists.wsbarppt.com] On Behalf Of John J. Sullivan
Sent: Friday, September 07, 2018 6:10 PM
To: WSBA Probate & Trust Listserv
Cc: creditor-debtor-section at list.wsba.org; wsbarp at lists.wsbarppt.com; solo-and-small-practice-section at list.wsba.org
Subject: Re: [WSBAPT] Quit Claim Deed to Trust
 
Dave:
 
Make sure the Grantee is the client as trustee, adequately identify trust by name, and date of agreement. I usually describe consideration in the deed to be “his acceptance in trust” in case the DOR wonders about the REET. 
 
Think about whether a SWD is more appropriate for title insurance purposes. Make sure homeowner coverage carries over. 
 
John J. Sullivan
Sent from my iPad

On Sep 7, 2018, at 4:51 PM, Dave Culbertson <dculbertson at culbertsonlawoffice.com> wrote:
Hello, Listmates.
 
I have a client who needs to transfer a parcel of land to her revocable trust (set up for probate purposes). I’m assuming this is like any other QCD, but thought I would check if there is any hidden wrinkle when doing a QCD from an individual to a trust. Thanks for any pointers.
 
 
Best Regards,
 
Dave Culbertson
 
The Law Office of Davisson Culbertson, PLLC
19909 Ballinger Way NE
Shoreline, WA 98102
 
Office Line: (425) 252-0300
Cell:  (206) 478-8134
FAX: (866) 867-7796
 
 <mailto:dculbertson at culbertsonlawoffice.com> dculbertson at culbertsonlawoffice.com
 
 
 
 
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