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<p class="MsoNormal"><span style="font-size:11.0pt">Gift is exempt under <a href="https://app.leg.wa.gov/WAC/default.aspx?cite=458-61A-201">
WAC 458-61A-201</a>, unless she is also taking over grantor’s debt. See the WAC, and the supplemental statement form that is required, to disclose whether there is any debt on the property and if so, whether grantor or grantee will pay the debt after the transfer.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt"><o:p> </o:p></span></p>
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<p class="MsoNormal"><span style="font-size:11.0pt">Sincerely,<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt">Eric<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt">Eric C. Nelsen<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt">Sayre Law Offices, PLLC<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt">1417 31st Ave South<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt">Seattle WA 98144-3909<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt">206-625-0092<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt"><a href="mailto:eric@sayrelawoffices.com">eric@sayrelawoffices.com</a><o:p></o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:11.0pt;font-family:"Calibri",sans-serif">From:</span></b><span style="font-size:11.0pt;font-family:"Calibri",sans-serif"> wsbapt-bounces@lists.wsbarppt.com <wsbapt-bounces@lists.wsbarppt.com>
<b>On Behalf Of </b>Fern Herbert<br>
<b>Sent:</b> Friday, April 25, 2025 2:12 PM<br>
<b>To:</b> wsbapt@lists.wsbarppt.com<br>
<b>Subject:</b> [WSBAPT] QUESTION ON EXEMPTION ON PROPERTY TRANSFER<br>
<b>Importance:</b> High<o:p></o:p></span></p>
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<p class="MsoNormal"><span style="color:black">Hello Listmates,<o:p></o:p></span></p>
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<p class="MsoNormal"><span style="color:black"><o:p> </o:p></span></p>
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<p class="MsoNormal"><span style="color:black">I have a client who is being gifted real property by a family member. Is there an appropriate exemption for this kind of transfer, or will she have to pay an excise tax on the transfer. The home value is over $500K,
and she is currently living in it.<o:p></o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:13.5pt;font-family:"Garamond",serif;color:black">Fern Herbert</span></b><span style="font-size:13.5pt;font-family:"Garamond",serif;color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-family:"Garamond",serif;color:black">Managing Attorney<o:p></o:p></span></p>
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<p class="MsoNormal"><b><span style="font-family:"Garamond",serif;color:black">Zenith Law Group, PLLC</span></b><span style="font-family:"Garamond",serif;color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><b><span style="font-family:"Calibri",sans-serif;color:black">Business Mailing Address</span></b><span style="font-family:"Calibri",sans-serif;color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><b><span style="font-family:"Calibri",sans-serif;color:black">4320 196th St. SW B-712</span></b><span style="font-family:"Calibri",sans-serif;color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><b><span style="font-family:"Garamond",serif;color:black">Lynnwood, WA 98036</span></b><span style="font-family:"Garamond",serif;color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><b><span style="font-family:"Calibri",sans-serif;color:black">Phone/Fax: (425) 822-6311</span></b><span style="font-family:"Calibri",sans-serif;color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><b><span style="font-family:"Calibri",sans-serif;color:black">Office locations in: Arlington, Bellevue, Bothell, Everett, Kirkland, Lynnwood, Mt. Vernon, Renton, downtown Seattle</span></b><span style="font-family:"Calibri",sans-serif;color:black"><o:p></o:p></span></p>
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<p><span style="font-family:"Calibri",sans-serif;color:black"><o:p> </o:p></span></p>
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<p class="MsoNormal"><span style="font-family:"Calibri",sans-serif;color:black">*The information is intended only for the use of the individual or entity to whom it is addressed. If you are not the intended recipient, or the employee or agent responsible for
delivering it to the intended recipient, you are hereby notified that unauthorized viewing, dissemination, distribution or copying of this transmission is in violation of the Electronic Communications Privacy Act of 1986 (18 U.S.*C. § 2700 *et seq.) as well
as Domestic and International Laws and Treaties. If you have received the communication in error, please immediately notify Zenith Law Group by telephone call to (206) 686-7373.*<o:p></o:p></span></p>
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