[WSBARP] Create Community Property v. Joint Tenancy with Right of Survivorship
Kary Krismer
Krismer at comcast.net
Wed Nov 9 12:28:54 PST 2022
Some things to think about that I don't know the answer to.
1. My guess is a JTWRS would not be subject to the award in lieu of
homestead, or whatever it's called now. Given that is now the median
value of a home in the county, that could be a huge difference if I'm right.
2. I'm not sure what the step up in basis rules are for a JTWRS when the
spouse is the survivor.
Kary L. Krismer
206 723-2148
On 11/9/2022 12:24 PM, Jeff at bellanddavispllc.com wrote:
>
> Listmates:
>
> H remarries and wants his new wife to receive his real property. H
> has children who he thinks will push back at this. In terms of what
> is more easy to defend, or what is less likely to be challenged, do a
> quit claim deed to H & W to create community property and then enter
> into a CPA, or do a deed to H & W as joint tenants with right of
> survivorship?
>
> Jeff Davis
>
> *W. Jeff Davis*
>
> *BELL & DAVIS PLLC*
>
> *Attorneys at Law*
> P.O. Box 510
>
> 720 E. Washington Street, Suite 105
> Sequim WA 98382
> Phone: (360) 683.1129
> Fax: (360) 683.1258
> email: jeff at bellanddavispllc.com <mailto:jeff at bellanddavispllc.com>
> www.bellanddavispllc.com <http://www.bellanddavispllc.com/>
>
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