[WSBARP] Family Trusts

[Mark Anderson]

The two possible benefits I can think of off the top of my head are 1) avoidance of probate and 2) limitation of liability for family members.


Mark B. Anderson
ANDERSON LAW FIRM PLLC
821 Dock St  Ste 209  PMB 4-12
Tacoma, Washington 98402
+1 253-327-1750
+1 253-327-1751 (fax)
marka at mbaesq.com<mailto:marka at mbaesq.com>
www.mbaesq.com<http://www.mbaesq.com/>
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-----Original Message-----
From: wsbarp-bounces at lists.wsbarppt.com <wsbarp-bounces at lists.wsbarppt.com> On Behalf Of Kary Krismer
Sent: Friday, September 24, 2021 11:04 AM
To: wsbarp at lists.wsbarppt.com
Subject: [WSBARP] Family Trusts



Could someone please explain any possible benefits to putting a family residence (or other real property) into a Family Trust?  I think I'm aware of the possible concerns about the homestead exemption, but any other potential downsides would be appreciated too.



I have a family member considering one and I just don't see the point.



--



Kary L. Krismer

206 723-2148





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