<html xmlns:v="urn:schemas-microsoft-com:vml" xmlns:o="urn:schemas-microsoft-com:office:office" xmlns:w="urn:schemas-microsoft-com:office:word" xmlns:m="http://schemas.microsoft.com/office/2004/12/omml" xmlns="http://www.w3.org/TR/REC-html40">
<head>
<meta http-equiv="Content-Type" content="text/html; charset=utf-8">
<meta name="Generator" content="Microsoft Word 15 (filtered medium)">
<style><!--
/* Font Definitions */
@font-face
{font-family:"Cambria Math";
panose-1:2 4 5 3 5 4 6 3 2 4;}
@font-face
{font-family:Calibri;
panose-1:2 15 5 2 2 2 4 3 2 4;}
@font-face
{font-family:"Script MT Bold";
panose-1:3 4 6 2 4 6 7 8 9 4;}
/* Style Definitions */
p.MsoNormal, li.MsoNormal, div.MsoNormal
{margin:0in;
font-size:11.0pt;
font-family:"Calibri",sans-serif;}
span.EmailStyle18
{mso-style-type:personal-reply;
font-family:"Calibri",sans-serif;
color:windowtext;}
.MsoChpDefault
{mso-style-type:export-only;
font-family:"Calibri",sans-serif;}
@page WordSection1
{size:8.5in 11.0in;
margin:1.0in 1.0in 1.0in 1.0in;}
div.WordSection1
{page:WordSection1;}
--></style><!--[if gte mso 9]><xml>
<o:shapedefaults v:ext="edit" spidmax="1026" />
</xml><![endif]--><!--[if gte mso 9]><xml>
<o:shapelayout v:ext="edit">
<o:idmap v:ext="edit" data="1" />
</o:shapelayout></xml><![endif]-->
</head>
<body lang="EN-US" link="#0563C1" vlink="#954F72" style="word-wrap:break-word">
<div class="WordSection1">
<p class="MsoNormal"><span style="font-size:16.0pt">Jane,<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:16.0pt"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:16.0pt">I did see it come through – I didn’t think my response would be helpful bc the answer does lie within the mortgage and you note to disregard that. Intuitively, based on some dealings others in my firm have
had, I would say yes. As confessed, not much help I know </span><span style="font-size:16.0pt;font-family:"Segoe UI Emoji",sans-serif">😉</span><span style="font-size:16.0pt"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:16.0pt"><o:p> </o:p></span></p>
<p class="MsoNormal"><i><span style="font-family:"Script MT Bold"">Diane J. Kiepe<o:p></o:p></span></i></p>
<p class="MsoNormal"><i><span style="font-family:"Script MT Bold""><o:p> </o:p></span></i></p>
<p class="MsoNormal">Diane J. Kiepe<o:p></o:p></p>
<p class="MsoNormal">Douglas Eden<o:p></o:p></p>
<p class="MsoNormal">717 W. Sprague Ave.<o:p></o:p></p>
<p class="MsoNormal">Suite 1500<o:p></o:p></p>
<p class="MsoNormal">Spokane, WA 99201<o:p></o:p></p>
<p class="MsoNormal"><a href="mailto:djkiepe@depdslaw.com">djkiepe@depdslaw.com</a><o:p></o:p></p>
<p class="MsoNormal">509-455-5300<o:p></o:p></p>
<p class="MsoNormal"><span style="font-size:16.0pt"><o:p> </o:p></span></p>
<div style="border:none;border-top:solid #E1E1E1 1.0pt;padding:3.0pt 0in 0in 0in">
<p class="MsoNormal"><b>From:</b> wsbapt-bounces@lists.wsbarppt.com <wsbapt-bounces@lists.wsbarppt.com>
<b>On Behalf Of </b>Jayne Gilbert<br>
<b>Sent:</b> Tuesday, February 15, 2022 5:45 PM<br>
<b>To:</b> WSBA Probate & Trust Listserv <wsbapt@lists.wsbarppt.com><br>
<b>Subject:</b> [WSBAPT] Is this showing up on the listserv?<o:p></o:p></p>
</div>
<p class="MsoNormal"><o:p> </o:p></p>
<div>
<div>
<p class="MsoNormal"><span style="font-size:13.5pt">Contract to Buy RP w/ Mortgage and Taxes Owed</span><o:p></o:p></p>
</div>
<div>
<p class="MsoNormal"><span style="font-size:12.0pt"><o:p> </o:p></span></p>
</div>
<div>
<p class="MsoNormal"><span style="font-size:12.0pt">I sent this to this listserv yesterday and did not get any<o:p></o:p></span></p>
</div>
<div>
<p class="MsoNormal"><span style="font-size:12.0pt">feedback. Will somebody please let me know whether<o:p></o:p></span></p>
</div>
<div>
<p class="MsoNormal"><span style="font-size:12.0pt">this question actually made it to the site?<o:p></o:p></span></p>
</div>
<div>
<p class="MsoNormal"><span style="font-size:12.0pt"><o:p> </o:p></span></p>
</div>
<div>
<p class="MsoNormal"><span style="font-size:12.0pt">I have clients who have 2 homes on one parcel. Their<o:p></o:p></span></p>
</div>
<div>
<div>
<p class="MsoNormal">son and wife live in the little house. They want to sell the<o:p></o:p></p>
</div>
<div>
<p class="MsoNormal">property to the son and switch houses.<o:p></o:p></p>
</div>
<div>
<p class="MsoNormal"><o:p> </o:p></p>
</div>
<div>
<p class="MsoNormal"><b><i>Correction </i></b>There are significant taxes owed on the property <o:p></o:p></p>
</div>
<div>
<p class="MsoNormal">and a mortgage.<o:p></o:p></p>
</div>
<div>
<p class="MsoNormal"><o:p> </o:p></p>
</div>
<div>
<p class="MsoNormal">The son is selling his out of state home and plans to<o:p></o:p></p>
</div>
<div>
<p class="MsoNormal">make a significant down payment and then they will be<o:p></o:p></p>
</div>
<div>
<p class="MsoNormal">making monthly payments to his parents.<o:p></o:p></p>
</div>
<div>
<p class="MsoNormal"><o:p> </o:p></p>
</div>
<div>
<p class="MsoNormal">Generally: Will recording the contract make the mortgage and<o:p></o:p></p>
</div>
<div>
<p class="MsoNormal">taxes due on sale. (plz set aside reviewing the mortgage <o:p></o:p></p>
</div>
<div>
<p class="MsoNormal">language first).<o:p></o:p></p>
</div>
<div>
<p class="MsoNormal"><o:p> </o:p></p>
</div>
<div>
<p class="MsoNormal">I have mentioned reserving a life estate in the property<o:p></o:p></p>
</div>
<div>
<p class="MsoNormal">for the parents-they were not warm on the subject I also<o:p></o:p></p>
</div>
<div>
<p class="MsoNormal">discussed a TODD and a Will. They do intend to give all<o:p></o:p></p>
</div>
<div>
<p class="MsoNormal">their interest in the property upon the death of the survivor.<o:p></o:p></p>
</div>
<div>
<p class="MsoNormal"><o:p> </o:p></p>
</div>
<div>
<p class="MsoNormal">Thanks<o:p></o:p></p>
</div>
</div>
<p class="MsoNormal">-- <o:p></o:p></p>
<div>
<div>
<div>
<div>
<p class="MsoNormal"><span style="font-size:13.5pt">*************************************************</span><o:p></o:p></p>
</div>
<div>
<p class="MsoNormal"><span style="font-size:13.5pt">Jayne Marsh Gilbert</span><o:p></o:p></p>
</div>
<div>
<p class="MsoNormal"><span style="font-size:13.5pt">Gilbert and Gilbert Lawyers, PS</span><o:p></o:p></p>
</div>
<div>
<p class="MsoNormal"><span style="font-size:13.5pt">(360) 336-9515</span><o:p></o:p></p>
</div>
<div>
<p class="MsoNormal"><span style="font-size:13.5pt">*************************************************</span><o:p></o:p></p>
</div>
</div>
</div>
</div>
</div>
</div>
</body>
</html>