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<b>RCW 64.28.040</b><b> Character of joint tenancy interests held
by both spouses or both domestic partners.</b>
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<div style="text-indent:0.25in;margin-left:0in;">(1) Joint tenancy
interests held in the names of both spouses or both domestic
partners, whether or not in conjunction with others, are presumed
to be their community property, the same as other property held in
the name of both spouses or both domestic partners. Any such
interest passes to the survivor of the spouse or survivor of the
domestic partner as provided for property held in joint tenancy,
but in all other respects the interest is treated as community
property.<br>
<a class="moz-txt-link-freetext" href="http://app.leg.wa.gov/RCW/default.aspx?cite=64.28.040">http://app.leg.wa.gov/RCW/default.aspx?cite=64.28.040</a><br>
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As I recall, this was enacted in the mid-1980s due to concerns
that the IRS would deny a full step-up in basis (applicable to CP)
on homes and other capital assets at the first death if a couple
had titled the asset as JTROS. However, I don't know if this
statute would apply to JTWROS property that a couple purchased
before their marriage, though it may apply because subsequent to
the marriage the property is "held in the names of both spouses."<br>
<br>
Doug Schafer, in Tacoma.<br>
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<div class="moz-cite-prefix">On 1/28/2016 1:42 AM, Katharine P.
Bauer wrote:<br>
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cite="mid:CAOYBkOR3SnOpjPMYCMTQHJ_yYsif=khvP1W0WM0SDhLVJHLE1A@mail.gmail.com"
type="cite">
<p dir="ltr">Deed is easiest</p>
<div class="gmail_quote">On Jan 27, 2016 10:09 PM, "Kristina
DeVore" <<a moz-do-not-send="true"
href="mailto:kristina@devore-law.com">kristina@devore-law.com</a>>
wrote:<br type="attribution">
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<div>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.</div>
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<div>Thanks,</div>
<div>Kristina</div>
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<div style="font-family:Calibri,sans-serif"><font
color="#006f37"><font style="font-size:16px"
face="Verdana">Kristina S. DeVore</font><span
style="font-size:16px"> </span><span
style="font-size:16px">|</span><span
style="font-size:16px"> </span><span
style="font-size:12px;font-family:Verdana">Attorney
& Counselor at Law</span></font></div>
<div style="font-family:Calibri,sans-serif"><font
color="#006f37"><font style="font-size:16px"
face="Verdana"><font face="Calibri,sans-serif">KRISTINA
DEVORE LAW FIRM, p</font>llc<font
face="Calibri,sans-serif"> </font></font><span
style="font-size:16px;font-family:Calibri,sans-serif">|</span><span
style="font-size:16px;font-family:Calibri,sans-serif"> </span><span
style="font-size:12px;font-family:Verdana">300
W. 15th Street, Suite 305 </span><span
style="font-size:16px;font-family:Calibri,sans-serif">|</span><span
style="font-size:16px;font-family:Calibri,sans-serif"> </span><span
style="font-size:12px;font-family:Verdana">Vancouver,
WA 98660</span></font></div>
<div
style="font-size:12px;font-family:Calibri,sans-serif"><font
color="#006f37"><font face="Verdana">Phone: <a
moz-do-not-send="true"
href="tel:%28360%29%20695-0535"
value="+13606950535" target="_blank">(360)
695-0535</a> </font><span
style="font-size:16px">| </span><span
style="font-family:Verdana">Fax: <a
moz-do-not-send="true"
href="tel:%28360%29%20737-4154"
value="+13607374154" target="_blank">(360)
737-4154</a> </span><span
style="font-size:16px">| </span><span
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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></font></div>
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