[WSBAPT] Garn-St. Germain & RLT

[Brent Williams-Ruth]

I have not personally come across this, but given that Exemption #8
specifically states that it is OK to go into trust so long as the borrower
is the one beneficiary, I would surmise that it does not protect the
transfer.Definitely worth reading the entire statute though (I created a
cheat sheet with just the 9 exemptions away from the rest of the statute.

*Brent Williams-Ruth* (pronouns: he/him)
*Attorney-At-Law*

*Law Offices of Brent Williams-Ruth, **a division of BWR Consulting, PLLC*

*Physical Address: 500 S 336th Street, Suite 214; Federal Way, WA 98003*

*Mailing Address: **PO BOX 3319; Federal Way, WA 98063 *

Office/Scheduling Phone: (253) 285-7751

For All Meetings & Scheduling: info at williams-ruthlaw.com

e-mail <Brent at Williams-RuthLaw.com> / website
<http://www.williams-ruthlaw.com/> / facebook
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On Thu, Aug 22, 2024 at 12:36 PM Morgan Madison <morgan at madeira-legal.com>
wrote:

> Hello list:
>
>
>
> Client inherits Washington real property subject to mortgage (inherited
> from her father). Client resides in California and owns real property in
> California in a revocable living trust. Client would like to add the
> Washington real property to her California trust.
>
>
>
> Does the Garn-St. Germain Act protect the transfer to her trust from
> triggering the due on sale clause of the mortgage?
>
>
>
> Thank you,
>
> Morgan
>
>
>
>
>
> *Morgan K. Madison*
>
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