[WSBARP] Quit Claim Deed to Trust
RebeccaWiess
rwiess at foxinternet.net
Mon Oct 1 09:21:51 PDT 2018
I know I'm late to this topic, but it's an excuse to remind all that
property in a trust does not get a stepped up basis when an owner dies.
Family trusts as an estate planning tool can cause big time tax bills when
the heirs sell low basis property out of the trust following a death.
Rebecca K. Wiess
421 24th Avenue East
Seattle, WA 98112
Phone 206 329-6638
rwiess at foxinternet.net
_____
From: wsbarp-bounces at lists.wsbarppt.com
[mailto:wsbarp-bounces at lists.wsbarppt.com] On Behalf Of Dave Culbertson
Sent: Friday, September 07, 2018 4:51 PM
To: solo-and-small-practice-section at list.wsba.org;
creditor-debtor-section at list.wsba.org; wsbapt at lists.wsbarppt.com;
wsbarp at lists.wsbarppt.com
Subject: [WSBARP] Quit Claim Deed to Trust
Hello, Listmates.
I have a client who needs to transfer a parcel of land to her revocable
trust (set up for probate purposes). I'm assuming this is like any other
QCD, but thought I would check if there is any hidden wrinkle when doing a
QCD from an individual to a trust. Thanks for any pointers.
Best Regards,
Dave Culbertson
The Law Office of Davisson Culbertson, PLLC
19909 Ballinger Way NE
Shoreline, WA 98102
Office Line: (425) 252-0300
Cell: (206) 478-8134
FAX: (866) 867-7796
<mailto:dculbertson at culbertsonlawoffice.com>
dculbertson at culbertsonlawoffice.com
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