[WSBAPT] Quitclaim Deed with Reservation of Life Estate

[Jeff at bellanddavispllc.com]

Mark,

 

I do not believe the Grantee will get a step-up as this transfer is by gift
before death; why not have Grantor do a Transfer on Death Deed, then the
Grantee gets a new basis.

 

Jeff

 

W. Jeff Davis

BELL & DAVIS PLLC

Attorneys at Law
P.O. Box 510

720 E. Washington Street, Suite 105
Sequim WA 98382
Phone: (360) 683.1129 
Fax: (360) 683.1258 
email:  <mailto:jeff at bellanddavispllc.com> jeff at bellanddavispllc.com
 <http://www.bellanddavispllc.com/> www.bellanddavispllc.com
 
The information contained in this e-mail message may be privileged,
confidential, and protected from disclosure. If you are not the intended
recipient, any dissemination, distribution, or copying is strictly
prohibited. If you think that you have received this e-mail message in
error, please e-mail the sender at  <mailto:info at bellanddavispllc.com>
info at bellanddavispllc.com  or call 360.683.1129.

 

 

From: wsbapt-bounces at lists.wsbarppt.com <wsbapt-bounces at lists.wsbarppt.com>
On Behalf Of Mark Anderson
Sent: Wednesday, June 19, 2024 3:44 PM
To: WSBA Real Property Listserv <wsbarp at lists.wsbarppt.com>;
wsbapt at lists.wsbarppt.com
Subject: [WSBAPT] Quitclaim Deed with Reservation of Life Estate

 

Dear Listmates:

 

Do any of you have an example of such a deed that you would be willing to
share?  Grantor wants to continue to live in the property until s/he dies.

 

When Grantor does die, will the Grantee get a step up in basis?

 

In advance, thanks much.

 

Mark B. Anderson
ANDERSON LAW FIRM PLLC
821 Dock St  Ste 209  PMB 4-12
Tacoma, Washington 98402
+1 253-327-1750
+1 253-327-1751 (fax)
 <mailto:marka at mbaesq.com> marka at mbaesq.com
 <http://www.mbaesq.com/> www.mbaesq.com

CONFIDENTIALITY NOTICE
This transmission is confidential and is intended solely for the use of the
individual named recipient. It may be protected by the attorney-client
privilege, work product doctrine, or other confidentiality protection. If
you are not the intended recipient, or the person responsible to deliver it
to the intended recipient, be advised that any dissemination, distribution,
or copying of this communication is prohibited. If you have received this
transmission in error, please immediately notify the sender via e-mail or by
telephone at (253) 327-1750 that you have received the message in error, and
then delete it. Thank you.

 

-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://mailman.fsr.com/pipermail/wsbapt/attachments/20240619/038a3eb2/attachment.html>