[WSBARP] Quitclaim to LLC question

[rdafg]

That is great, thank you!


On 11/10/2016 01:38 PM, Anessa Novasio wrote:
> 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 <http://www.slidingscalelaw.com>
>
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> On Wed, Nov 9, 2016 at 5:11 PM, rdafg <gibbslawoffices at gmail.com 
> <mailto: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 <tel:206-734-4374>
>     CELL: 307-220-8303 <tel:307-220-8303>
>     FAX: 206-971-5053 <tel:206-971-5053>
>     gibbslawoffices at gmail.com <mailto:gibbslawoffices at gmail.com>
>     www.gibbslawoffices.com <http://www.gibbslawoffices.com>
>
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-- 
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

Disclaimer:
This e-mail is intended to constitute an electronic communication within the meaning of the Electronic Communications Act,
18 U.S.C. §2510. This communication may contain confidential, proprietary, or legally privileged information and is
transmitted for the sole viewing and use of the intended recipient. Any review or distribution to other recipients is not
permitted and does not waive the confidential or privileged nature of the communication. If you receive this message in
error, please immediately delete it and notify the sender.

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