[WSBARP] Quitclaim to LLC question

[Anessa Novasio]

I recently dealt with this question. I was told that a quitclaim is not a
good way to go since it can impact future sale of the property negatively.
I just used the same language in the current warranty deed on file for the
property and the following language regarding mere change in identity:

THE GRANTOR ______, an unmarried individual for and in consideration of
mere change in identity or form, conveys and warrants to ______ LLC the
following described real estate...

Hope this helps.

Anessa Novasio, Attorney at Law, PLLC
5623 Rainier Ave S
Seattle WA 98118
phone: (206) 923-9220
fax: (206) 260-9128
www.slidingscalelaw.com

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On Wed, Nov 9, 2016 at 5:11 PM, rdafg <gibbslawoffices at gmail.com> wrote:

> Under WAC 458-61A-211(1), transferring a property to an LLC is exempt from
> excise tax as a mere change of identity. For the quitclaim deed recitation
> of consideration, is it sufficient to state something like "for and in
> consideration of mere change of identity under WAC 458-61A-211(1) [...]?"
>
> I saw a recorded quitclaim under similar circumstances state "in
> consideration of zero dollars and zero cents ($0.00) mere change of
> identity, WAC 458-61A-211(1)."
>
> Is one preferable over the other?
>
> Thanks!
> Anthony
>
> --
> Anthony F. Gibbs
> Gibbs Law Offices
> 15600 Redmond Way, Ste 101
> Redmond, WA 98052
> PHONE: 206-734-4374
> CELL: 307-220-8303
> FAX: 206-971-5053
> gibbslawoffices at gmail.com
> www.gibbslawoffices.com
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