[WSBARP] Conveyance from a Revocable Trust

[Mark Anderson]

Older parents wish to transfer real property from their revocable Trust to their only son, who is married and who is the sole beneficiary under the Trust.  Son wishes to have his wife on title as well.
An iterative way to make this happen would be for the revocable Trust to transfer the property to the son, which would be exempt from excise tax under WAC 458-61A-211(2)(h).  Then the son could quitclaim his interest to himself and his wife, which would be exempt from excise tax under WAC 458-61A-203(1).
Can this be done in one transaction to avoid having to record two documents and still avoid the imposition of excise tax?  It looks like it might be possible to convey title directly to the son and his wife and still be tax exempt under WAC 458-61A-211(2)(h) because it might otherwise be considered a gift to the daughter-in-law.
What do you all think?  And what do you recommend?
Thanks.
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/>
CONFIDENTIALITY NOTICE
This transmission is confidential and is intended solely for the use of the individual named recipient. It may be protected by the attorney-client privilege, work product doctrine, or other confidentiality protection. If you are not the intended recipient, or the person responsible to deliver it to the intended recipient, be advised that any dissemination, distribution, or copying of this communication is prohibited. If you have received this transmission in error, please immediately notify the sender via e-mail or by telephone at (253) 327-1750 that you have received the message in error, and then delete it. Thank you.

-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://mailman.fsr.com/pipermail/wsbarp/attachments/20230508/2c1f93e3/attachment.html>