[WSBAPT] Is this showing up on the listserv?

[Jayne Gilbert]

Thanks, Diane! I think I've figured it out. Really appreciate
that you responded.

On Tue, Feb 15, 2022 at 6:01 PM Diane J. Kiepe <DJKiepe at depdslaw.com> wrote:

> Jane,
>
>
>
> I did see it come through – I didn’t think my response would be helpful bc
> the answer does lie within the mortgage and you note to disregard that.
> Intuitively, based on some dealings others in my firm have had, I would say
> yes.   As confessed, not much help I know 😉
>
>
>
> *Diane J. Kiepe*
>
>
>
> Diane J. Kiepe
>
> Douglas Eden
>
> 717 W. Sprague Ave.
>
> Suite 1500
>
> Spokane, WA  99201
>
> djkiepe at depdslaw.com
>
> 509-455-5300
>
>
>
> *From:* wsbapt-bounces at lists.wsbarppt.com <
> wsbapt-bounces at lists.wsbarppt.com> *On Behalf Of *Jayne Gilbert
> *Sent:* Tuesday, February 15, 2022 5:45 PM
> *To:* WSBA Probate & Trust Listserv <wsbapt at lists.wsbarppt.com>
> *Subject:* [WSBAPT] Is this showing up on the listserv?
>
>
>
> Contract to Buy RP w/ Mortgage and Taxes Owed
>
>
>
> I sent this to this listserv yesterday and did not get any
>
> feedback. Will somebody please let me know whether
>
> this question actually made it to the site?
>
>
>
> I have clients who have 2 homes on one parcel. Their
>
> son and wife live in the little house. They want to sell the
>
> property to the son and switch houses.
>
>
>
> *Correction *There are significant taxes owed on the property
>
> and a mortgage.
>
>
>
> The son is selling his out of state home and plans to
>
> make a significant down payment and then they will be
>
> making monthly payments to his parents.
>
>
>
> Generally: Will recording the contract make the mortgage and
>
> taxes due on sale. (plz set aside reviewing the mortgage
>
> language first).
>
>
>
> I have mentioned reserving a life estate in the property
>
> for the parents-they were not warm on the subject I also
>
> discussed a TODD and a Will. They do intend to give all
>
> their interest in the property upon the death of the survivor.
>
>
>
> Thanks
>
> --
>
> *************************************************
>
> Jayne Marsh Gilbert
>
> Gilbert and Gilbert Lawyers, PS
>
> (360) 336-9515
>
> *************************************************
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-- 
*************************************************
Jayne Marsh Gilbert
Gilbert and Gilbert Lawyers, PS
(360) 336-9515
*************************************************
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