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<p class="MsoNormal"><a name="_GoBack"></a><span style="color:#1F497D">Paul:<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">I would just open probate up in WA and prepare a TEDRA Agreement that authorizes PR to distribute house to son. I never like messing with disclaimers if you are using disclaimers for a purpose other than simply
avoiding inheritance (like in this case an acknowledgment that son is the rightful owner under theories of constructive trust, unjust enrichment, etc.)<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
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<p class="MsoNormal" style="text-align:justify"><span style="font-size:10.0pt;font-family:"Courier New";color:#1F497D">Marcus J. Fry<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Courier New";color:#1F497D">Lyon, Weigand & Gustafson, P.S.</span><span style="font-size:12.0pt;font-family:"Times New Roman","serif";color:#1F497D">
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<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif"">From:</span></b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif""> wsbarp-bounces@lists.wsbarppt.com [mailto:wsbarp-bounces@lists.wsbarppt.com]
<b>On Behalf Of </b>Paul Neumiller<br>
<b>Sent:</b> Thursday, August 27, 2015 12:48 PM<br>
<b>To:</b> wsbarp@lists.wsbarppt.com<br>
<b>Subject:</b> [WSBARP] Deceased Co-signing Mom on Title<o:p></o:p></span></p>
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<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Listmates, I need input and guidance in a situation. About 20 years ago, Son puts Mom on title solely so Mom can co-sign on refinance of residence. Mom never contributed towards residence (i.e. no taxes, maintenance, or loan payments)
In fact, Mom never lived in WA. Mom dies in CO and her estate is probated in CO. Mom’s Will is silent as to disposition of the residence, probably because no one realized it. Son tries to sell residence and title company says problem with title because Mom
is still on title. For various reasons, title company and Son does not want an Affidavit of Lack of Probate. OK……<o:p></o:p></p>
<p class="MsoListParagraph" style="text-indent:-.25in">1.<span style="font-size:7.0pt;font-family:"Times New Roman","serif"">
</span>I could bring a “friendly” quiet title action and name all of Mom’s heirs. Son tells me that all heirs (Son’s siblings) will either not answer or will sign a Stipulation because they all understand the situation and don’t want an interest in Son’s residence.
However, because siblings are out of state, they have 60 days to answer (or not answer as the case may be). (Trying to avoid the heirs giving quitclaim deeds to Son because, I am told (by the title company) that will incur double excise taxes (once for quitclaim
deeds and once to transfer to buyer of residence). OR<o:p></o:p></p>
<p class="MsoListParagraph" style="text-indent:-.25in">2.<span style="font-size:7.0pt;font-family:"Times New Roman","serif"">
</span>I could open a probate in WA. Mom never lived here and she died over two years ago. Mom’s Will gives the residual of Mom’s estate “to those of my children who survive me
<u>per capita</u>, or if none of my children shall survive me, then to my grandchildren…”. I could have each sibling sign Disclaimers, in effect, leaving the sole asset to be disposed in WA (that is, the residence) to Son. Son then transfers the residence
to Son by PR deed (getting the inheritance exclusion to the excise tax) and then close up probate quickly. Another factor that
<i>may</i> be relevant is that even if the disclaimers are considered “gifts,” the equity of each disclaimer (i.e. FMV of residence minus loan balance) is less than $14K. (As a side question because it came up, is a disclaimer a “gift?”)<o:p></o:p></p>
<p class="MsoNormal" style="margin-left:.25in"><o:p> </o:p></p>
<p class="MsoNormal" style="margin-left:.25in">OK, I am leaning towards the probate route. Any thoughts or missed issues?
<o:p></o:p></p>
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