[WSBARP] Situs of Trusts

[Nicholas Pleasants]

Jim,
It’s perfectly fine to mix property from multiple states in a single trust. If done right, it avoids probate in both states. WA Department of Revenue will not have an issue with situs of trust, the same way many businesses we work with hold assets in a Delaware corp.
Best,
Nick
Nicholas Pleasants
Owner

[(Logo) Pleasants Law Firm]<http://www.pleasantslaw.com/>

Pleasants Law Firm, P.S.
2300 130th Ave NE, Suite A-101
Bellevue, WA 98005-1755
(425) 615-7070 tel/fax
nick at pleasantslaw.com<mailto:nick at pleasantslaw.com>
www.pleasantslaw.com<http://www.pleasantslaw.com>
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From: <wsbarp-bounces at lists.wsbarppt.com> on behalf of Jim Doran <jim at doranlegal.com>
Reply-To: WSBA Real Property Listserv <wsbarp at lists.wsbarppt.com>
Date: Tuesday, October 13, 2020 at 11:23 AM
To: WSBA Real Property Listserv <wsbarp at lists.wsbarppt.com>
Subject: [WSBARP] Situs of Trusts

Will the Washington Treasurer's and Auditor's Offices accept the directions of a Revocable Living Trust that was created and executed in South Carolina for the purposes of transferring real property in Washington that has been placed into that Trust?

This is a common occurrence.  Someone makes a Trust in another state and then moves to Washington and buys property in Washington.  Client wants to know if she should put the real property in the "South Carolina Trust" or create a new Revocable Living Trust in Washington and put the property into that Washington Trust?

I have, of course, suggested that she keep the real property in her name and simply have a Will made up here that directs her property as she desires.  But I would like to have the answer to the question above.

Thank you.

Jim Doran
James R. Doran
Attorney at Law
100 E. Pine Street -  Suite 205
Bellingham, WA 98225
(360)393-9506
jim at doranlegal.com<mailto:jim at doranlegal.com>
www.doranlegal.com<http://www.doranlegal.com>
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