[WSBARP] Which WAC Applies?

[Valentine, Gretchen (TRGC)]

Jeff -

I suggest that you first record a QCD to create community property, using the 'create community property' REET exemption.  Then, I suggest that you use the 'mere change in identify or form' REET exemption for the deed transferring title to the trust.

Best,
Gretchen

Gretchen Valentine | NW Regional Underwriting Counsel
Title Resources
Phone: 206-962-7744 |


From: wsbarp-bounces at lists.wsbarppt.com [mailto:wsbarp-bounces at lists.wsbarppt.com] On Behalf Of Jeff Davis
Sent: Thursday, September 6, 2018 9:51 AM
To: 'WSBA Real Property Listserv' <wsbarp at lists.wsbarppt.com>
Subject: [WSBARP] Which WAC Applies?

Listmates,

A client is transferring her separate King County real property into a living trust in which she and her husband are co-Trustors, Trustees and Beneficiaries.  Husband is receiving an interest in this property.   Before I get into a running battle with the King County Treasurer, which WAC do I reference on the Real Estate Excise Tax Affidavit, 458-61A-201 (Gifts) and/or 458-61A-211 (Mere change in identity or form)?  Your sage advice would be welcomed.

Jeff

W. Jeff Davis, Esq.
BELL & DAVIS PLLC
P.O. Box 510
Sequim WA 98382
Phone No.:(360) 683.1129
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