[WSBARP] Dissolution/Property Question

[G. Geoffrey Gibbs]

But with a life estate,  you need to be careful to provide sufficient assets and language regarding repairs, maintenance, insurance and taxes and who will bear those burdens.

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G. Geoffrey Gibbs
Anderson Hunter Law Firm
2707 Colby Avenue #1001 | Everett, WA  98201
P.  (425) 252-5161 | F.  (425) 258-3345 |
ggibbs at andersonhunterlaw<https://www.facebook.com/AndersonHunterLaw/>
www.andersonhunterlaw.com<http://www.andersonhunterlaw.com/>
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From: wsbarp-bounces at lists.wsbarppt.com <wsbarp-bounces at lists.wsbarppt.com> On Behalf Of Mark McClure
Sent: Tuesday, April 30, 2024 1:13 PM
To: WSBA Real Property Listserv <wsbarp at lists.wsbarppt.com>
Subject: Re: [WSBARP] Dissolution/Property Question

Life estate while reserving remainderman interest?


Mark C. McClure | Managing Attorney
Law Office of Mark McClure, PS
"Why Retire With Debt?"
1103 West Meeker Street, #101
Kent, WA 98032
Office:  253.631.6484 (Leave Msg - Will be returned within 24 hours)
Email: Mark at McClureLawGroup.com<mailto:Mark at McClureLawGroup.com>
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From: wsbarp-bounces at lists.wsbarppt.com<mailto:wsbarp-bounces at lists.wsbarppt.com> [mailto:wsbarp-bounces at lists.wsbarppt.com<mailto:wsbarp-bounces at lists.wsbarppt.com>] On Behalf Of Lynn Clare
Sent: Tuesday, April 30, 2024 1:08 PM
To: WSBA Real Property listserve
Subject: [WSBARP] Dissolution/Property Question

What would be the best way for divorcing spouses to transfer ownership of real property to one  spouse while allowing the other spouse to live in the property until their death?  Has to be irrevocable.
--
Lynn Clare
Clare Law Firm, PLLC
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