[WSBARP] Trust Property Purchase Question

Thu Sep 1 13:58:59 PDT 2022

Representing the purchaser.  

Samuel M. Meyler

Meyler Legal, PLLC 

1700 Westlake Ave. N., Ste. 200

Seattle, Washington 98109

Tel:  206.876.7770

Fax:  206.876.7771

Email:   <mailto:samuel at meylerlegal.com> samuel at meylerlegal.com

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From: wsbarp-bounces at lists.wsbarppt.com <wsbarp-bounces at lists.wsbarppt.com>
On Behalf Of Paul Neumiller
Sent: Thursday, September 1, 2022 1:38 PM
To: WSBA Real Property Listserv <wsbarp at lists.wsbarppt.com>
Subject: Re: [WSBARP] Trust Property Purchase Question

I'm confused.  Are you representing the seller or the purchaser?  

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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
samuel at meylerlegal.com <mailto:samuel at meylerlegal.com> 
Sent: Thursday, September 1, 2022 1:13 PM
To: wsbapt at lists.wsbarppt.com <mailto:wsbapt at lists.wsbarppt.com> ; 'WSBA
Real Property Listserv' <wsbarp at lists.wsbarppt.com
<mailto:wsbarp at lists.wsbarppt.com> >
Subject: [WSBARP] Trust Property Purchase Question

Listmates,

PC has an estranged spouse that they have not communicated with in many
years.  They were married in Washington but the spouse moved back to the
Philippines after they split.  PC enters into an agreement to purchase
property without even thinking about the estranged spouse.  Closing is
supposed to happen on 9/8 and yesterday title discovered that PC is still
married (oops!).  

Lender and title have confirmed that they will still lend and insure,
respectively, if PC sets up a revocable living trust and has the trust
purchase the property.  This seems like a pretty simple solution that will
satisfy lender and title and allow the transaction to close.  Has anyone
seen this before?  What issues or concerns should be taken into
consideration?

Second issue for bonus points: PC has three children that are here in the
U.S. and one child that is in the Philippines and is a citizen of the
Philippines.  Assuming that PC purchase property through the proposed RLT,
what needs to be taken into consideration given the non-resident
beneficiary?

Thanks.

Sam

Samuel M. Meyler

Meyler Legal, PLLC 

1700 Westlake Ave. N., Ste. 200

Seattle, Washington 98109

Tel:  206.876.7770

Fax:  206.876.7771

Email:   <mailto:samuel at meylerlegal.com> samuel at meylerlegal.com

NOTICE:

This electronic message contains information which may be Confidential or
Privileged and constitutes an electronic communication within the meaning of
the Electronic Communications Privacy Act 18 USC 2510. The information is
intended to be for the use of the individual or entity named above.  If you
are not the intended recipient, please be aware that any disclosure,
copying, distribution or use of the contents of this information is
prohibited.  If you received this transmission in error, please notify the
sender and delete the copy you received together with any attachments.
Thank you.

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