[WSBAPT] Any Tricks or Tips to Avoid REET on Subsequent Transfers

[Steve King]

I've never found any way to make that an exempt transfer.  As far as I can see, it's just like any other sale.

Stephen R. King
steve at talislawfirm.com<mailto:steve at talislawfirm.com>

Talis Law PLLC
915 118 Avenue SE, Suite 360
Bellevue, WA 98005
Phone: (425) 943-9968
Fax: (425) 777-2097
talislawfirm.com<http://talislawfirm.com/>

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From: wsbapt-bounces at lists.wsbarppt.com <wsbapt-bounces at lists.wsbarppt.com> On Behalf Of Matt Yates
Sent: Wednesday, September 23, 2020 1:51 PM
To: WSBA Probate & Trust Listserv <wsbapt at lists.wsbarppt.com>
Subject: [WSBAPT] Any Tricks or Tips to Avoid REET on Subsequent Transfers

I have an estate where Mother left estate to son and daughter in equal shares.  They have other reasons that they cannot work out a non-pro rata distribution so have resolved to take Mother's house as tenants in common and then son would like to buy out daughter's interest in Mother's house.  I am relatively certain that no REET exemption will apply to subsequent transfer (458-61A-202(6)) from sister to brother of her interest but wanted to ensure that I have not missed any opportunity.  Thus, I am asking the braintrust.  Any advice is welcome.

Cheers,

Matt


Matthew D. Yates
Attorney at Law
Yates Marshall, PLLC
10000 NE 7th Avenue, Suite 200
Vancouver, WA 98685
Phone: (360) 449-6100
Fax: (360) 449-6111
matt at yatesmarshall.com<mailto:matt at yatesmarshall.com> (New Email Address)
www.yatesmarshall.com<http://www.yatesmarshall.com>

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