[WSBARP] LLC Deed WAC code in REET for dissolution

[Jeanne Dawes]

Now that I've thought about this a little longer, I think even if ownership is 50-50 you could do an assignment of membership interest, and then just file the REET citing the dissolution exemption.  I don't believe you would need to record a deed if you keep the property in the name of the LLC.

Jeanne

Jeanne J. Dawes
Attorney at Law
Gore & Grewe, P.S.
103 E. Indiana Avenue, Suite A
Spokane, WA 99207-2317
Voice:  509-326-7500
Fax:      509-326-7503
jjdawes at goregrewe.com<mailto:jjdawes at goregrewe.com>

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From: Jeanne Dawes
Sent: Wednesday, March 24, 2021 3:20 PM
To: WSBA Real Property Listserv <wsbarp at lists.wsbarppt.com>
Subject: RE: LLC Deed WAC code in REET for dissolution

I'm wondering if you could say conveying spouse has 49% interest, and receiving spouse has 51% interest, and then just do an assignment of membership interest and leave the property in the name of the LLC?

Jeanne

Jeanne J. Dawes
Attorney at Law
Gore & Grewe, P.S.
103 E. Indiana Avenue, Suite A
Spokane, WA 99207-2317
Voice:  509-326-7500
Fax:      509-326-7503
jjdawes at goregrewe.com<mailto:jjdawes at goregrewe.com>

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INFORMATION CONTAINED IN THIS E-MAIL TRANSMISSION IS PRIVILEGED AND CONFIDENTIAL.

From: wsbarp-bounces at lists.wsbarppt.com<mailto:wsbarp-bounces at lists.wsbarppt.com> On Behalf Of michael westseattleattorney.com
Sent: Wednesday, March 24, 2021 2:31 PM
To: WSBA Real Property Listserv <wsbarp at lists.wsbarppt.com<mailto:wsbarp at lists.wsbarppt.com>>
Subject: Re: [WSBARP] LLC Deed WAC code in REET for dissolution

Great - Thx Andrew

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From: wsbarp-bounces at lists.wsbarppt.com<mailto:wsbarp-bounces at lists.wsbarppt.com> <wsbarp-bounces at lists.wsbarppt.com<mailto:wsbarp-bounces at lists.wsbarppt.com>> on behalf of Andrew Hay <andrewhay at washingtonlaw.net<mailto:andrewhay at washingtonlaw.net>>
Sent: Wednesday, March 24, 2021 2:13 PM
To: WSBA Real Property Listserv <wsbarp at lists.wsbarppt.com<mailto:wsbarp at lists.wsbarppt.com>>
Subject: Re: [WSBARP] LLC Deed WAC code in REET for dissolution


LLC is giving property to one spouse?



WAC 458-61A-203(1) to separate CP.



You want to have language in the divorce settlement agreement or decree supportive of the exemption.



The husband shall transfer the parties' community property real estate parcel no Y held in ABC LLC to the wife as her sole and sep property.



(2) may also apply if the language in the court order is written similarly



From: wsbarp-bounces at lists.wsbarppt.com<mailto:wsbarp-bounces at lists.wsbarppt.com> <wsbarp-bounces at lists.wsbarppt.com<mailto: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<mailto: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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