<html>
<head>
<meta content="text/html; charset=UTF-8" http-equiv="Content-Type">
</head>
<body bgcolor="#FFFFFF" text="#000000">
<font face="Times New Roman, Times, serif">I think we're
overlawyering this. Under RCW 64.28.040 there is a strong
argument that the couple's JTROS is already community property (without
two lawyers having been involved). If they do not want their
residence to pass entirely to the survivor at the first death,
then certainly record a deed to eliminate the survivorship
element. Unless this is a late-in-life marriage and the residence
is where they intend to reside until one dies, they very likely
will be selling the residence within 10 or fewer years. I suggest
simply having them sign and acknowledge a one-asset community
property agreement, confirming that their residence is CP,
consistent with RCW 64.28.040. </font><font face="Times New
Roman, Times, serif"><font face="Times New Roman, Times, serif">If
not their "final residence," </font>I'd suggest they not spend
the ~$75 to record that simple agreement, but keep it with their
wills simply to support a step-up in basis in the event one of
them dies before they've sold that residence. Once they sell that
residence, they can title their next residence however they
choose.<br>
<br>
Doug Schafer, in Tacoma.<br>
</font><br>
<div class="moz-cite-prefix">On 1/28/2016 10:16 AM, Mark Higgins
wrote:<br>
</div>
<blockquote
cite="mid:CAEC4MTj9NWBSOpmpkQgXYtsaBnA7xdVug9o2SmJnLz7V1dqfKw@mail.gmail.com"
type="cite">
<div dir="ltr">
<div class="gmail_default" style="font-size:large">Agreements
between husband and wife regarding property: If this were a
prenup. both sides would need separate counsel for it to be
enforceable. If the agreement only applies to a single asset
does the need for separate counsel go away? </div>
<div class="gmail_default" style="font-size:large"><br>
</div>
<div class="gmail_default" style="font-size:large">Mark</div>
</div>
<div class="gmail_extra"><br>
<div class="gmail_quote">On Thu, Jan 28, 2016 at 10:05 AM,
Bickel, Dwight <span dir="ltr"><<a moz-do-not-send="true"
href="mailto:Dwight.Bickel@fntg.com" target="_blank">Dwight.Bickel@fntg.com</a>></span>
wrote:<br>
<blockquote class="gmail_quote" style="margin:0 0 0
.8ex;border-left:1px #ccc solid;padding-left:1ex">
<div vlink="purple" link="blue" lang="EN-US">
<div>
<p class="MsoNormal"><span
style="color:rgb(0,32,96);font-family:"Verdana","sans-serif";font-size:11pt">A
recorded Warranty Deed from themselves to themselves
“to convert title to community property” will
accomplish their desire and retain the protection of
the owner’s title insurance policy when they
acquired. That deed does not incur excise tax.
</span></p>
<p class="MsoNormal"><span
style="color:rgb(0,32,96);font-family:"Verdana","sans-serif";font-size:11pt"> </span></p>
<p class="MsoNormal"><span
style="color:rgb(0,32,96);font-family:"Verdana","sans-serif";font-size:11pt">A
community property agreement is not required to
include all of the traditional three prongs. The
traditional CPA (1) converts all existing separate
property to community, (2) converts all future
property to community and (3) confirms intestate
rights of succession to the surviving spouse.
However, a CPA may convert only one specified asset
and retain separate (or other title) as held by
existing records and not affect future property. It
should be recorded.</span></p>
<p class="MsoNormal"><span
style="color:rgb(0,32,96);font-family:"Verdana","sans-serif";font-size:11pt"> </span></p>
<div>
<div style="border-width:1pt medium
medium;border-style:solid none
none;border-color:rgb(181,196,223) currentColor
currentColor;padding:3pt 0in 0in">
<p class="MsoNormal" style="margin-left:0.5in"><b><span
style="font-family:"Tahoma","sans-serif";font-size:10pt">From:</span></b><span
style="font-family:"Tahoma","sans-serif";font-size:10pt">
<a moz-do-not-send="true"
href="mailto:wsbarp-bounces@lists.wsbarppt.com"
target="_blank">wsbarp-bounces@lists.wsbarppt.com</a>
[mailto:<a moz-do-not-send="true"
href="mailto:wsbarp-bounces@lists.wsbarppt.com"
target="_blank">wsbarp-bounces@lists.wsbarppt.com</a>]
<b>On Behalf Of </b>Kristina DeVore<br>
<b>Sent:</b> Wednesday, January 27, 2016 10:07
PM<br>
<b>To:</b> WSBA Real Property Listserv; WSBA
Probate & Trust Listserv<br>
<b>Subject:</b> [WSBARP] converting Jtwros to
Community property</span></p>
</div>
</div>
<p class="MsoNormal" style="margin-left:0.5in"> </p>
<div>
<div>
<div>
<p class="MsoNormal" style="margin-left:0.5in"><span
style="color:black;font-family:"Calibri","sans-serif";font-size:10.5pt">I
have clients who purchased a home together
before marriage and took title as joint
tenants with right of survivorship and now
want the property to be held as community
property. They do not want a community
property agreement for all their assets but
they do want this asset to be community
property. Can they have a community property
agreement or some type of property status
agreement with respect to one asset? Or do
they need a deed from themselves, to
themselves to create community property? Any
advice would be greatly appreciated.</span></p>
</div>
<div>
<p class="MsoNormal" style="margin-left:0.5in"><span
style="color:black;font-family:"Calibri","sans-serif";font-size:10.5pt"> </span></p>
</div>
<div>
<p class="MsoNormal" style="margin-left:0.5in"><span
style="color:black;font-family:"Calibri","sans-serif";font-size:10.5pt">Thanks,</span></p>
</div>
<div>
<p class="MsoNormal" style="margin-left:0.5in"><span
style="color:black;font-family:"Calibri","sans-serif";font-size:10.5pt">Kristina</span></p>
</div>
<div>
<div>
<div>
<p class="MsoNormal" style="margin-left:0.5in"><span
style="color:black;font-family:"Helvetica","sans-serif";font-size:9pt"> </span></p>
</div>
<div>
<p class="MsoNormal" style="margin-left:0.5in"><span
style="color:black;font-family:"Helvetica","sans-serif";font-size:9pt"> </span></p>
</div>
<div>
<p class="MsoNormal" style="margin-left:0.5in"><span
style="color:rgb(0,111,55);font-family:"Verdana","sans-serif"">Kristina
S. DeVore</span><span
style="color:rgb(0,111,55);font-family:"Calibri","sans-serif""> | </span><span
style="color:rgb(0,111,55);font-family:"Verdana","sans-serif";font-size:9pt">Attorney
& Counselor at Law</span><span
style="color:black;font-family:"Calibri","sans-serif";font-size:10.5pt"></span></p>
</div>
<div>
<p class="MsoNormal" style="margin-left:0.5in"><span
style="color:rgb(0,111,55);font-family:"Calibri","sans-serif"">KRISTINA
DEVORE LAW FIRM, p</span><span
style="color:rgb(0,111,55);font-family:"Verdana","sans-serif"">llc</span><span
style="color:rgb(0,111,55);font-family:"Calibri","sans-serif""> | </span><span
style="color:rgb(0,111,55);font-family:"Verdana","sans-serif";font-size:9pt">300
W. 15th Street, Suite 305 </span><span
style="color:rgb(0,111,55);font-family:"Calibri","sans-serif"">| </span><span
style="color:rgb(0,111,55);font-family:"Verdana","sans-serif";font-size:9pt">Vancouver,
WA 98660</span><span
style="color:black;font-family:"Calibri","sans-serif";font-size:10.5pt"></span></p>
</div>
<div>
<p class="MsoNormal" style="margin-left:0.5in"><span
style="color:rgb(0,111,55);font-family:"Verdana","sans-serif";font-size:9pt">Phone:
<a moz-do-not-send="true"
href="tel:%28360%29%20695-0535"
target="_blank" value="+13606950535">(360)
695-0535</a> </span><span
style="color:rgb(0,111,55);font-family:"Calibri","sans-serif"">| </span><span
style="color:rgb(0,111,55);font-family:"Verdana","sans-serif";font-size:9pt">Fax:
<a moz-do-not-send="true"
href="tel:%28360%29%20737-4154"
target="_blank" value="+13607374154">(360)
737-4154</a> </span><span
style="color:rgb(0,111,55);font-family:"Calibri","sans-serif"">| </span><span
style="color:rgb(0,111,55);font-family:"Verdana","sans-serif";font-size:9pt"><a
moz-do-not-send="true"
href="mailto:kristina@devore-law.com"
target="_blank"><a class="moz-txt-link-abbreviated" href="mailto:kristina@devore-law.com">kristina@devore-law.com</a></a></span><span
style="color:black;font-family:"Calibri","sans-serif";font-size:9pt"></span></p>
</div>
<div>
<p class="MsoNormal" style="margin-left:0.5in"><span
style="color:black;font-family:"Calibri","sans-serif";font-size:9pt"> </span></p>
</div>
<div>
<p class="MsoNormal" style="margin-left:0.5in"><span
style="color:black;font-family:"Calibri","sans-serif";font-size:9pt"> </span></p>
</div>
<div>
<p class="MsoNormal" style="margin-left:0.5in"><span
style="color:black;font-family:"Helvetica","sans-serif";font-size:9pt"> </span></p>
</div>
<div>
<p class="MsoNormal" style="margin-left:0.5in"><span
style="color:black;font-family:"Helvetica","sans-serif";font-size:9pt"> </span></p>
</div>
<div>
<p class="MsoNormal" style="margin-left:0.5in"><span
style="color:black;font-family:Consolas;font-size:8.5pt">This email
message is covered by the Electronic
Communications Privacy Act, 19 USC
Sections 2510-2521. Unauthorized review
or distribution of this email message is
strictly prohibited. This e-mail message
is intended for the exclusive use of the
person or persons to whom it is
addressed. This email message may contain
information that is privileged and/or
confidential. If you believe that you have
received this message in error, you are
hereby notified that any dissemination,
distribution or copying of this
communication is strictly prohibited. Do
not disseminate this e-mail and destroy
the original e-mail and any copies. If you
have received this communication in error,
please notify us immediately, and destroy
the original message.</span><span
style="color:black;font-family:"Calibri","sans-serif";font-size:9pt"></span></p>
</div>
</div>
</div>
</div>
</div>
</div>
<hr
style="border:currentColor;color:rgb(0,0,0);min-height:1px;background-color:rgb(0,0,0)">NOTICE:
The information contained in this message is proprietary
and/or confidential and may be privileged. If you are not
the intended recipient of this communication, you are
hereby notified to: (i) delete the message and all copies;
(ii) do not disclose, distribute or use the message in any
manner; and (iii) notify the sender immediately.
</div>
<br>
_______________________________________________<br>
WSBARP mailing list<br>
<a moz-do-not-send="true"
href="mailto:WSBARP@lists.wsbarppt.com">WSBARP@lists.wsbarppt.com</a><br>
<a moz-do-not-send="true"
href="http://mailman.fsr.com/mailman/listinfo/wsbarp"
target="_blank" rel="noreferrer">http://mailman.fsr.com/mailman/listinfo/wsbarp</a><br>
</blockquote>
</div>
<br>
<br clear="all">
<br>
-- <br>
<div class="gmail_signature">
<div dir="ltr">
<div>
<div>Mark T. Higgins<br>
Mark T. Higgins, P.C.</div>
<div>P.O. Box 57<br>
Darrington, WA 98241<br>
206-491-2420</div>
</div>
</div>
</div>
</div>
<br>
<fieldset class="mimeAttachmentHeader"></fieldset>
<br>
<pre wrap="">_______________________________________________
WSBAPT mailing list
<a class="moz-txt-link-abbreviated" href="mailto:WSBAPT@lists.wsbarppt.com">WSBAPT@lists.wsbarppt.com</a>
<a class="moz-txt-link-freetext" href="http://mailman.fsr.com/mailman/listinfo/wsbapt">http://mailman.fsr.com/mailman/listinfo/wsbapt</a></pre>
</blockquote>
<br>
</body>
</html>