<html>
<head>
<style><!--
.hmmessage P
{
margin:0px;
padding:0px
}
body.hmmessage
{
font-size: 12pt;
font-family:Calibri
}
--></style></head>
<body class='hmmessage'><div dir='ltr'>I would do a deed from themselves as JTWROS to themselves as a marital community, you night owls.<br><br><div><hr id="stopSpelling">To: wsbapt@lists.wsbarppt.com<br>From: schafer@pobox.com<br>Date: Thu, 28 Jan 2016 02:32:03 -0800<br>Subject: Re: [WSBAPT] converting Jtwros to Community property<br><br>
<b>RCW 64.28.040</b><b> Character of joint tenancy interests held
by both spouses or both domestic partners.</b>
<div class="ecxrow ecxclearfix">
<div class="ecxcol-csm-12"> </div>
</div>
<div style="text-indent:0.25in;">(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="ecxmoz-txt-link-freetext" href="http://app.leg.wa.gov/RCW/default.aspx?cite=64.28.040" target="_blank">http://app.leg.wa.gov/RCW/default.aspx?cite=64.28.040</a><br>
<br>
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>
</div>
<br>
<br>
<div class="ecxmoz-cite-prefix">On 1/28/2016 1:42 AM, Katharine P.
Bauer wrote:<br>
</div>
<blockquote cite="mid:CAOYBkOR3SnOpjPMYCMTQHJ_yYsif=khvP1W0WM0SDhLVJHLE1A@mail.gmail.com">
<p dir="ltr">Deed is easiest</p>
<div class="ecxgmail_quote">On Jan 27, 2016 10:09 PM, "Kristina
DeVore" <<a href="mailto:kristina@devore-law.com">kristina@devore-law.com</a>>
wrote:<br>
<blockquote class="ecxgmail_quote" style="border-left:1px #ccc solid;padding-left:1ex;">
<div style="word-wrap:break-word;color:rgb(0,0,0);font-size:14px;font-family:Calibri,sans-serif;">
<div>
<div>
<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>
<div><br>
</div>
<div>Thanks,</div>
<div>Kristina</div>
<div>
<div>
<div style="color:rgb(0,0,0);font-size:12px;font-family:Helvetica;"><font color="#0433ff"><i><br>
</i></font></div>
<div style="color:rgb(0,0,0);font-size:12px;font-family:Helvetica;"><font color="#0433ff"><i><br>
</i></font></div>
<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 target="_blank">(360)
695-0535</a> </font><span style="font-size:16px;">| </span><span style="font-family:Verdana;">Fax: <a target="_blank">(360)
737-4154</a> </span><span style="font-size:16px;">| </span><span style="font-family:Verdana;"><a href="mailto:kristina@devore-law.com" target="_blank"></a><a class="ecxmoz-txt-link-abbreviated" href="mailto:kristina@devore-law.com">kristina@devore-law.com</a></span></font></div>
<div style="color:rgb(0,0,0);font-size:12px;font-family:Calibri,sans-serif;">
<br>
</div>
<div style="color:rgb(0,0,0);font-size:12px;font-family:Calibri,sans-serif;">
<br>
</div>
<div style="color:rgb(0,0,0);font-size:12px;font-family:Helvetica;"><br>
</div>
<div style="color:rgb(0,0,0);font-size:12px;font-family:Helvetica;"><br>
</div>
<div style="color:rgb(0,0,0);font-size:12px;"><font face="Consolas"><span style="font-size:11px;">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></font></div>
</div>
</div>
</div>
</div>
</div>
<br>
_______________________________________________<br>
WSBAPT mailing list<br>
<a href="mailto:WSBAPT@lists.wsbarppt.com">WSBAPT@lists.wsbarppt.com</a><br>
<a href="http://mailman.fsr.com/mailman/listinfo/wsbapt" rel="noreferrer" target="_blank">http://mailman.fsr.com/mailman/listinfo/wsbapt</a><br>
</blockquote>
</div>
<br>
<fieldset class="ecxmimeAttachmentHeader"></fieldset>
<br>
<pre>_______________________________________________
WSBAPT mailing list
<a class="ecxmoz-txt-link-abbreviated" href="mailto:WSBAPT@lists.wsbarppt.com">WSBAPT@lists.wsbarppt.com</a>
<a class="ecxmoz-txt-link-freetext" href="http://mailman.fsr.com/mailman/listinfo/wsbapt" target="_blank">http://mailman.fsr.com/mailman/listinfo/wsbapt</a></pre>
</blockquote>
<br>
<br>_______________________________________________
WSBAPT mailing list
WSBAPT@lists.wsbarppt.com
http://mailman.fsr.com/mailman/listinfo/wsbapt</div> </div></body>
</html>