[WSBAPT] Deed from PR directly to Trust

[Sarah McCarthy]

I think the recorder's issue is that there are 2 different excise tax
exemptions to be cited on the REETA. And the REETA form doesn't give space
for listing more than one WAC exemption.

However, I recently saw a PR Deed here in Island County from several years
back that I would have thought would have been rejected for trying to
accomplish two separate transfers in a single deed, but the Island County
Auditor and Treasurer apparently accepted it. PR deeded property out of his
mom's estate to himself per Mom's Will, and then gave a percentage share to
his wife as a gift from the PR -- all in the same PR deed.   Despite two
separate WAC exemptions that would have applied.  So, I guess it might
depend on the county, and who is at the desk that day...



*Sarah O’Farrell McCarthy*


*(Pronouns: she / her)*Attorney | Kelly, Arndt & Walker, Attorneys at Law,
PLLP
P.O. Box 290 | 6443 Harding Avenue | Clinton, WA  98236

(Located on Whidbey Island, Island County, Washington)
Phone: (360) 341-1515 | Fax: (360) 341-3272
sarah at kawlawyers.com | www.kawlawyers.com


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On Fri, Oct 22, 2021 at 10:44 AM Mike Zeno <mikez at zenolawfirm.com> wrote:

> Inheritances are excise-tax exempt, per WAC 458-61A-202, and transfer into
> a revocable trust ought to be exempt under WAC 458-61A-211(2)(g).  So
> hopefully no excise tax.
>
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> *From:* wsbapt-bounces at lists.wsbarppt.com <
> wsbapt-bounces at lists.wsbarppt.com> *On Behalf Of *michael
> westseattleattorney.com
> *Sent:* Friday, October 22, 2021 10:09 AM
> *To:* WSBA Probate & Trust Listserve <wsbapt at lists.wsbarppt.com>
> *Subject:* [WSBAPT] Deed from PR directly to Trust
>
>
>
> Recorder insists on a two step process - PR W deed deceased H 1/2 interest
> to W and then W 100% interest to Wife's Trust.  Any other options than
> paying a double fee? Thanks
>
> Mike
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