[WSBAPT] 1 or 2 transfers?

[Stuart Scarff]

One Deed is sufficient to transfer title, but my concern is the Real Estate Excise Tax Affidavit (REETA). King County recently rejected (repeatedly) our proposed REETA because it arguably required two WAC exemption cites. In your case, you'll cite a WAC exempting the transfer to the Trust from excise tax but the transfer for consideration needs no WAC. I'm not sure what the Excise Tax will do. Hopefully they except it.

Stuart Scarff, Esq.
3035 Island Crest Way, Suite 201
Mercer Island, WA  98040
206.236.1500
206.905.5912 (fax)
www.scarfflaw.com<http://www.scarfflaw.com/>
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From: wsbapt-bounces at lists.wsbarppt.com <wsbapt-bounces at lists.wsbarppt.com> On Behalf Of Doris Eslinger
Sent: Tuesday, January 17, 2023 9:29 PM
To: WSBA Probate & Trust Listserv <wsbapt at lists.wsbarppt.com>
Subject: Re: [WSBAPT] 1 or 2 transfers?

I say 1 transfer:  Grantors, H&W, a married couple, to Grantees, H&W, as co-trustees of Irrevocable Trust and Daughter, an unmarried person (or "a married person as her separate estate).   I think this is sufficient to show that Trust and Daughter are tenants in common with equal interests.  I would appreciate others' opinions.

Regards,

Doris Eslinger
Attorney at Law
Eslinger Law Office, PLLC
2200 112th Ave NE | Suite 200 | Bellevue, WA 98004 | Phone: (425) 451-3237 |

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From: wsbapt-bounces at lists.wsbarppt.com<mailto:wsbapt-bounces at lists.wsbarppt.com> <wsbapt-bounces at lists.wsbarppt.com<mailto:wsbapt-bounces at lists.wsbarppt.com>> On Behalf Of Leighann Hansing
Sent: Tuesday, January 17, 2023 10:18 AM
To: wsbapt at lists.wsbarppt.com<mailto:wsbapt at lists.wsbarppt.com>
Subject: [WSBAPT] 1 or 2 transfers?

Good morning,
RP is currently owned by married couple. It needs to be transferred to be held as tenants-in-common with trustee of irrevocable trust not paying consideration and daughter who had paid consideration for her interest. Is there any reason this can't occur in the same transaction? Married couple as grantors and Trustee/Daughter as grantees. It feels awkward.

Thanks!

Leigh Ann Hansing
Attorney  |  MBA
Mobile: (425) 202-5922
leighann at hansinglegal.com<mailto:leighann at hansinglegal.com>
[cid:image005.png at 01D92B22.71688D20]
Mailing Address:
14201 SE Petrovitsky Rd.
Suite 3A, Box 169
Renton, WA 98058


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