[WSBARP] TODD Question

[Jan Kelly]

Jim,

You can revoke the TODD in the Quit Claim Deed, so only one recording
is needed. Revocation of a TODD does not require a REETA, so 2 activities
may be conducted with one document.

Jan

On Tue, May 28, 2024 at 4:09 PM <jbdolan at jbdolan.com> wrote:

> Colleagues:
>
>
>
> Mom executed a TODD for her residence to daughter in 2019.
>
>
>
> Now, Mom wants to convey the residence to the same daughter immediately
> (for purposes of Medicaid planning) via QCD.
>
>
>
> Question: since the QCD is conveying the property to the same daughter as
> the TODD, do we need to revoke the TODD?  I don’t mind drafting a
> revocation, but these folks are not flush with cash and saving the
> additional $304.50 recording fee would be nice, if possible?
>
>
>
> Jim Dolan
>
>
>
> =========================
>
>
>
> Jones Butler Dolan, PS
>
> P.O. Box 458
>
> 10027 SR 532
>
> Stanwood, WA 98292
>
> (tel) 360-336-2939
>
> (fax) 360-336-2949
>
>
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-- 


*Jan Kelly, JD/MBA*Attorney at Law

JK Law
PO Box 1964
Poulsbo, WA 98370
Direct Line (702) 338-6733

*Licensed in Nevada and Washington*.


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