[WSBARP] LLC Deed WAC code in REET for dissolution

michael westseattleattorney.com michael at westseattleattorney.com
Wed Mar 24 14:46:08 PDT 2021


OK  we need two emails -- so there are 2 real properties going to parties and others being sold.  For the 2 to the parties, can I put both Lots 9 and  10 , Block 20 .... on 1 Deed from LLC to parties and use 2 separate REETS using the 458-61A-211(2)(b) and then the one party to the other using the disso 458-61A-203(2) ?

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From: wsbarp-bounces at lists.wsbarppt.com <wsbarp-bounces at lists.wsbarppt.com> on behalf of Kailei Feeney <kailei at westseattlelaw.com>
Sent: Wednesday, March 24, 2021 2:20 PM
To: WSBA Real Property Listserv <wsbarp at lists.wsbarppt.com>
Subject: Re: [WSBARP] LLC Deed WAC code in REET for dissolution


I think it depends on facts that are not 100% clear from your description – what is going to happen to the property?



If just sold, then the LLC can likely sell.



If one spouse will get pursuant to divorce, then I think it perhaps needs to be two-stepped:



>From LLC to same two members, mere change in identity or form. 458-61A-211(2)((b).



>From spouse divesting their interest, to other spouse staying on title, pursuant to divorce. 458-61A-203(2).



Kailei

Kailei B. Feeney
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From: wsbarp-bounces at lists.wsbarppt.com <wsbarp-bounces at lists.wsbarppt.com> On Behalf Of michael westseattleattorney.com
Sent: Wednesday, March 24, 2021 2:02 PM
To: WSBA Real Property List <wsbarp at lists.wsbarppt.com>
Subject: [WSBARP] LLC Deed WAC code in REET for dissolution



So married couple with property held in a LLC getting divorce - Grantor in REET will be LLC but what would WAC be ?  Normally we put due to dissolution of marriage - Thanks Mike Atkins



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