[WSBARP] Real Estate Exchange Question

[Bryce Dille]

Bryce H. Dille
Dille Law, PLLC
2010 Caton Way SW Ste. 101
Olympia, WA 98502
Office: 360-350-0270
Cell: 253-579-5561

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[R_Alan_Swanson-WH-200]

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Business Entity Creation and Management, Business, Government and Tax Law, Real Estate and Land Use, Residential, Commercial and Condominium Development Real Estate and Commercial Transactions & Closings, Including Performing Services as IRS Section 1031 Exchange Facilitator Estate Planning, including Wills and Trusts, and Probate Administration Representation Homeowners/Condominium Association Real Estate Developments Real Property Foreclosures and Forfeitures.

From: wsbarp-bounces at lists.wsbarppt.com <wsbarp-bounces at lists.wsbarppt.com> On Behalf Of Info Contact
Sent: Wednesday, January 24, 2024 12:11 PM
To: WSBA Real Property Listserv <wsbarp at lists.wsbarppt.com>
Subject: [WSBARP] Real Estate Exchange Question

Hi Everyone,

I have two brothers, brother 1 owns property 1, brother 2 owns property 2. The brothers want to form and execute a written agreement amongst themselves that brother 1 will give property 1 to brother 2, and in exchange, brother 2 will give property 2 to brother 1. However, they want the transfer to occur in 6-12 months. Their purpose for drafting the agreement is to ensure that they have something legally binding that prevents the other from backing out of the agreement at any time in that period.

Any suggestions or guidance on the best instrument to accomplish such a goal?

Thanks in advance for your help!

--
Chanvir Singh (CJ)
Attorney

Prime Legal Services
14900 Interurban Ave. S., Suite 261
Seattle, WA, 98168
206.674.4585
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