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<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif">Jeanne,<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif">I would strongly encourage you to have the trustees retitle all assets at the time of termination; or simply restate the existing trust to do whatever you want the new wills
to do (i.e., so you can leave property titled in trust). <o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif">Leaving aside formal legal arguments about what “should” happen, I would be far more concerned about the practicalities (and accompanying costs in time) of being able to
convey and obtain title insurance for any real property (or to get banks to permit collection/retitling of bank accounts, etc.) later in life when assets that are titled to the trust need to be collected, retitled, sold, etc.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif">If the clients or their PR later need to sell the real property, for example, I would expect a title company to require the trust document, trustees’ signatures, and/or
maybe an affidavit/certification. It would muddy the waters to sign affidavits that state the trust is in existence and the signatories are the “current” trustees, etc., without reciting that it’s actually revoked and the signatories are the pre-revocation
trustees, etc. etc. That is a lot of fuss that leaves you at the whim of a title company and its underwriter -- and potentially in the position of asking clients to sign documents you know are not truthful (such as if the documents do NOT recite the facts
about prior revocation, etc.). All of this can be avoided now by just retitling the property (for the cost of a $100 deed and $10 excise tax affidavit fee) or by maintaining and restating the trust vs. going with the will.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif">If you stick to your course, I would at minimum get a local title company “on board” re what they will require at the time of a future sale to a third party who will require
title insurance to close the deal.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif">Best, Josh<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif"><o:p> </o:p></span></p>
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<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif">Joshua D. McKarcher<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif">McKarcher Law PLLC<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif">537 6th Street<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif">Clarkston, WA 99403<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif">(509) 758-3345<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif">(509) 758-3314 (fax)<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif"><a href="mailto:josh@mckarcherlaw.com"><span style="color:#0563C1">josh@mckarcherlaw.com</span></a><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif"><o:p> </o:p></span></p>
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<p class="MsoNormal"><b>From:</b> wsbapt-bounces@lists.wsbarppt.com <wsbapt-bounces@lists.wsbarppt.com>
<b>On Behalf Of </b>Jeanne Dawes<br>
<b>Sent:</b> Thursday, March 26, 2020 10:40 AM<br>
<b>To:</b> WSBA Probate & Trust Listserv <wsbapt@lists.wsbarppt.com><br>
<b>Subject:</b> [WSBAPT] Revoked Trust - Assets<o:p></o:p></p>
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<p class="MsoNormal"><o:p> </o:p></p>
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<p class="MsoNormal"><span style="font-size:12.0pt">Dear Listserve Mates:<o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:12.0pt">I hope everyone is staying healthy and adjusting to our new circumstances. Question:<o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:12.0pt">If a couple revokes their Revocable Living Trust without actually transferring the assets out of the Trust, will the assets (real property) pass in accordance with the couple’s will, which now is not a pourover
will, but one that contains a SNT for surviving spouse?<o:p></o:p></span></p>
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<p class="MsoNormal"><b><i><span style="font-size:18.0pt;font-family:"TypoUpright BT",serif">Jeanne J.</span></i></b><b><i><span style="font-size:12.0pt;font-family:"Times New Roman",serif">
</span></i></b><b><i><span style="font-size:18.0pt;font-family:"Bella Donna",serif">Dawes</span></i></b><span style="font-size:12.0pt"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial",sans-serif">Attorney at Law</span><span style="font-size:12.0pt"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial",sans-serif">Gore & Grewe, P.S.</span><span style="font-size:12.0pt"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial",sans-serif">103 E. Indiana Avenue, Suite A</span><span style="font-size:12.0pt"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial",sans-serif">Spokane, WA 99207-2317</span><span style="font-size:12.0pt"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial",sans-serif">Voice: 509-326-7500</span><span style="font-size:12.0pt"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial",sans-serif">Fax: 509-326-7503</span><span style="font-size:12.0pt"><o:p></o:p></span></p>
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<p class="MsoNormal"><a href="mailto:jjdawes@goregrewe.com"><span style="font-size:10.0pt;font-family:"Arial",sans-serif">jjdawes@goregrewe.com</span></a><span style="font-size:12.0pt"><o:p></o:p></span></p>
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<p class="MsoNormal"><img border="0" width="32" height="32" style="width:.3333in;height:.3333in" id="_x0000_i1025" src="cid:7029b209-7d72-4ff3-a3f4-7f0f7da9282c"><img border="0" width="269" height="150" style="width:2.802in;height:1.5625in" id="_x0000_i1026" src="cid:image001.jpg@01D60366.4A236730"><span style="font-size:12.0pt"><o:p></o:p></span></p>
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