[WSBAPT] Oregon Brethren

Rich Holland rich at pnwle.com
Thu May 11 16:24:43 PDT 2023


Not really estate planning, but doesn’t Oregon use the tenancy by the entireties for married couples?

"Tenancy by the entirety refers to a form of shared property ownership that is reserved only for married couples. A tenancy by the entirety permits spouses to jointly own property as a single legal entity. This means that each spouse has an equal and undivided interest in the property.

This form of legal ownership creates a right of survivorship so if one spouse dies, the surviving spouse automatically receives full title<https://www.investopedia.com/terms/t/title.asp> to the property."

Rich on his phone
________________________________
From: wsbapt-bounces at lists.wsbarppt.com <wsbapt-bounces at lists.wsbarppt.com> on behalf of Paul Neumiller <pneumiller at hotmail.com>
Sent: Thursday, May 11, 2023 4:11:21 PM
To: WSBA Probate & Trust Listserv <wsbapt at lists.wsbarppt.com>
Subject: [WSBAPT] Oregon Brethren


I am putting together an estate plan for a WA couple who still own a house in Oregon.  While the couple are healthy and plan on selling the house in about 1 to 3 years, you never know what could happen and one spouse dies.  The couple do not want to use a revocable trust but want to have something in place in Oregon to avoid having to probate their estate in Oregon just to take care of the house.  Is there some document or method to avoid an Oregon probate in case one (or both) spouses dies before the house is sold?   Does Oregon have a transfer on death deed process we could use or some other document?





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