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<p class="MsoNormal">Listmates:<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">I am trying to avoid the expense of a CO ancillary probate. WA client recently died. He had a loan out o one of his kids, evidenced by a promissory note and a deed of trust on real property situated in CO. The kid is now selling the property
and title needs someone to reconvey the deed of trust. Mostly the decedent’s assets are held in an RLT. The WA Letters are in a probate of the pour-over will. But CO title now says they need CO letters to accept the reconveyance.
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<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Question: is the deed of trust itself real property or personal property. Do I have a workaround available by having the PR with her WA letters assign the note and deed of trust to herself as trustee of the trust? If the client (or his
AIF) had assigned the note and deed of trust to the RLT while alive, I am certain I would not have this issue. But when I have assigned a Beneficiary’s interest in a deed of trust before, I have always recorded it.
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<p class="MsoNormal">Does my workaround work? Or am I stuck with ancillary probate?<b><span style="font-size:11.0pt;font-family:"Bodoni MT Condensed",serif;mso-ligatures:none"><o:p></o:p></span></b></p>
<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><b><span style="font-size:11.0pt;font-family:"Bodoni MT Condensed",serif;mso-ligatures:none">Best regards</span></b><span style="font-size:11.0pt;font-family:"Bodoni MT Condensed",serif;mso-ligatures:none">,
<o:p></o:p></span></p>
<p class="MsoNormal" style="margin-right:1.5in;text-align:justify"><span style="font-size:14.0pt;font-family:"Bodoni MT Condensed",serif;font-variant:small-caps;color:#002060;mso-ligatures:none">John J. Sullivan<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Bodoni MT Condensed",serif;font-variant:small-caps;color:#002060;mso-ligatures:none">Attorney<o:p></o:p></span></p>
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</span><span style="font-size:36.0pt;font-family:"Bodoni MT Condensed",serif;font-variant:small-caps;color:#C00000;mso-ligatures:none">|</span><span style="font-size:36.0pt;font-family:"Bodoni MT Condensed",serif;font-variant:small-caps;color:navy;mso-ligatures:none">
</span><span style="font-size:36.0pt;font-family:"Bodoni MT Condensed",serif;font-variant:small-caps;color:#002060;mso-ligatures:none">Sullivan</span><span style="font-size:36.0pt;font-family:"Bodoni MT Condensed",serif;font-variant:small-caps;color:navy;mso-ligatures:none"><o:p></o:p></span></p>
<p class="MsoNormal" style="margin-right:1.5in;text-align:justify"><span style="font-size:14.0pt;font-family:"Bodoni MT Condensed",serif;font-variant:small-caps;color:#002060;mso-ligatures:none">10655 NE 4<sup>th</sup> Street, Suite 704<o:p></o:p></span></p>
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<p class="MsoNormal" style="margin-right:1.5in;text-align:justify"><span style="font-size:14.0pt;font-family:"Bodoni MT Condensed",serif;font-variant:small-caps;color:#002060;mso-ligatures:none">425·451·2400 tel 425-451-7385 fax<o:p></o:p></span></p>
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<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><b><i><u><span style="font-family:"Times New Roman",serif;mso-ligatures:none">Confidentiality Notice</span></u></i></b><span style="font-family:"Times New Roman",serif;mso-ligatures:none"><o:p></o:p></span></p>
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