[WSBARP] Change Name of Title Holder

[Maureen Wickert]

It is best to record a new deed showing the transfer of the property from the old LLC's name to the new LLC's name. Being a mere change in identity, WAC 458-61A-211 should apply as an excise tax exemption. You should also notify the title company who issued title insurance when the old LLC purchased the property, if there is one. Later on, a title insurer problem will come up when the property is later sold.  I had to correct title to real property for a client who came in with an LLC showing its current name and real property in its former name. Did ownership of the LLC change when the LLC changed name? If so, look at WAC 458-61A-101 concerning a possible taxability issue with a change in ownership of a LLC with real property as an asset. 
  



Very truly yours, 
Maureen A. Wickert, Attorney at Law 
         
       WICKERT LAW OFFICE 

14900 Interurban Avenue South, Ste 255 
        Tukwila, WA 98168 
       Phone: 206-859-5502 
         Fax: 206-260-9005 
     www.wickertlawoffice.com 
       wickertlaw at comcast.net 

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----- Original Message -----

From: "Catherine Clark" <Cat at loccc.com> 
To: "WSBA Real Property Listserv" <wsbarp at lists.wsbarppt.com> 
Sent: Wednesday, April 15, 2015 8:36:14 AM 
Subject: [WSBARP] Change Name of Title Holder 



Listmates: 

  

I represent an LLC which has changed its name after it purchased the property.  A notice of name change was filed with the Secretary of State.  However, its real estate remains in the old name. 

  

My initial thought is to record a quit claim deed to change the name unless any of you smarter people than me have a better idea. 

  

All thoughts appreciated. 

  

Thanks. 

  

Catherine C. Clark 
Law Office of Catherine C. Clark PLLC 
701 Fifth Avenue, Suite 4105 
Seattle, WA  98104 
Phone:  (206) 838-2528 
Fax: (206) 374-3003 
Email:  cat at loccc.com 

NOTICE: The information contained in this electronic information transmission is confidential. 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 any use, dissemination, distribution or copying of this communication is prohibited.  If you received this communication in error, please immediately notify the sender by telephone at (206) 838-2528. Thank you. 

  

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