[WSBARP] Transfer from Revocable Trust to Unequal Tenants in Common

[Mark Anderson]

Husband and wife have a family trust that owns real property.  They desire to transfer title to the property into their individual names as tenants-in-common, with one spouse having a 75% interest and the other spouse having a 25% interest.  Unfortunately, this appears to be a change in the beneficial interest in the property which, without an appropriate exemption, would likely be subject to the real estate excise tax.

How can this be documented to avoid the imposition of real estate excise tax on the transaction?

Thanks in advance.

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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