[WSBARP] "Controlling interest" REET rule : separate property land to Trust for H&W

[Josh Grant]

Client owns an undivided ½ interest in farm parcel. Other ½ interest is owned by an uncle.  Client wants to put her undivided interest in the parcel in a Trust along with other assets like the family home (all community property) in order to avoid probate. Beneficiaries of the existing trust are she and her husband. Client lives out of state and this is the only asset in Washington. I am hoping that because client owns 50% that the controlling interest isn’t being transferred and no REET issue.??

Josh

Joshua F. Grant

P. O. Box 619
Wilbur, WA 99185
509 647 5578
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