[WSBARP] REET Gift Exemption

Thu Apr 4 10:31:57 PDT 2019

What he said, plus don't throw away the step up in basis by going back to a
pre-death transfer, since it sounds like delivery was complete. 

Rebecca K. Wiess

421 24th Avenue East

Seattle, WA  98112

Phone 206 329-6638

rwiess at foxinternet.net 

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From: wsbarp-bounces at lists.wsbarppt.com
[mailto:wsbarp-bounces at lists.wsbarppt.com] On Behalf Of Josh Grant
Sent: Tuesday, April 02, 2019 5:26 PM
To: WSBA Real Property Listserv
Subject: Re: [WSBARP] REET Gift Exemption

Why are you trying to file an old QCD when you could simply do a PR deed?

Joshua F. Grant
advocates
P. O. Box 619
Wilbur, WA 99185
509 647 5578

From: Anna Franz <mailto:afranz at basinlaw.com>  

Sent: Tuesday, April 02, 2019 3:07 PM

To: wsbarp at lists.wsbarppt.com 

Subject: [WSBARP] REET Gift Exemption

Parent gifts parcel of property to Child via quit claim deed. Deed is never
recorded and no REET affidavit executed by Parent. Parent dies. 

Child, who is also personal representative of Parent's Estate, tries to file
REET affidavit under gift exemption in WAC 458-61A-201 signing as PR on
behalf of grantor. County and Department of Revenue claim that WAC
458-61A-201(5)(a)'s requirement that the supplemental "statement must be
signed by both the grantor and the grantee" cannot be satisfied by the Child
signing as PR. 

Any suggestions on challenging this interpretation would be greatly
appreciated. Thanks in advance. 

Anna Franz

Lemargie Kenison Franz And Whitaker

107 D Street NW / PO Box 965

Ephrata, WA 98823

Voice: (509) 754-2493

Fax: (509) 754-4022

E-mail: afranz at basinlaw.com

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