[WSBARP] TODD Question

[jbdolan at jbdolan.com]

That makes sense.  Thank you, Jan

 

-jbd-

 

From: wsbarp-bounces at lists.wsbarppt.com <wsbarp-bounces at lists.wsbarppt.com> On Behalf Of Jan Kelly
Sent: Tuesday, May 28, 2024 6:07 PM
To: WSBA Real Property Listserv <wsbarp at lists.wsbarppt.com>
Subject: Re: [WSBARP] TODD Question

 

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 <mailto: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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