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</o:shapelayout></xml><![endif]--></head><body lang=EN-US link="#0563C1" vlink="#954F72"><div class=WordSection1><h1 style='mso-margin-top-alt:2.25pt;margin-right:0in;margin-bottom:7.5pt;margin-left:0in;background:white'><span style='font-size:12.0pt;font-family:"Arial",sans-serif;font-weight:normal'>Pay close attention to the requirements of </span><span style='font-size:12.0pt;font-family:"Arial",sans-serif;font-weight:normal'>26 U.S.C § 170(f), especially any donee acknowledgement requirement. It may be easier to place a tightly drafted restriction on the use of the property, as opposed to a restriction on reselling the property.<span style='color:#B31B1B'><o:p></o:p></span></span></h1><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal><o:p> </o:p></p><div><div style='border:none;border-top:solid #E1E1E1 1.0pt;padding:3.0pt 0in 0in 0in'><p class=MsoNormal><b>From:</b> wsbarp-bounces@lists.wsbarppt.com [mailto:wsbarp-bounces@lists.wsbarppt.com] <b>On Behalf Of </b>Josh Grant<br><b>Sent:</b> Monday, September 18, 2017 1:32 PM<br><b>To:</b> wsbar <wsbarp@lists.wsbarppt.com><br><b>Subject:</b> [WSBARP] gift deed restriction<o:p></o:p></p></div></div><p class=MsoNormal><o:p> </o:p></p><div><div><div><p class=MsoNormal><span style='font-size:13.5pt;color:black'>Client is going to gift real property to a non-profit .</span><span style='font-size:14.0pt;color:black'><o:p></o:p></span></p></div><div><p class=MsoNormal><span style='font-size:14.0pt;color:black'> <o:p></o:p></span></p></div><div><p class=MsoNormal><span style='font-size:13.5pt;color:black'>The only condition that my client wants to put on the gift is that the donee can’t sell the property to any third parties for three years.</span><span style='font-size:14.0pt;color:black'><o:p></o:p></span></p></div><div><p class=MsoNormal><span style='font-size:14.0pt;color:black'> <o:p></o:p></span></p></div><div><p class=MsoNormal><span style='font-size:13.5pt;color:black'>Anyone have language that can be put on the deed. I am not sure if it is recommended that it be a condition which causes reversion of the deed to the grantor or what. Client is wanting to qualify for an income deduction so the restriction needs to be in a form not to jeopardize that.</span><span style='font-size:14.0pt;color:black'><o:p></o:p></span></p></div><div><p class=MsoNormal><span style='font-size:14.0pt;color:black'> <o:p></o:p></span></p></div><div><p class=MsoNormal><span style='font-size:13.5pt;color:black'>thanks</span><span style='font-size:14.0pt;color:black'><o:p></o:p></span></p></div><div><p class=MsoNormal><span style='font-size:14.0pt;color:black'> <o:p></o:p></span></p></div><div><p class=MsoNormal><span style='font-size:13.5pt;color:black'>Josh</span><span style='font-size:14.0pt;color:black'><o:p></o:p></span></p></div><div><p class=MsoNormal><span style='font-size:14.0pt;color:black'> <o:p></o:p></span></p></div><div><p class=MsoNormal><span style='font-size:14.0pt;color:black'>Joshua F. Grant, PS<br>Attorney at Law<br>P. O. Box 619<br>Wilbur, WA 99185<br>tel 509 647 5578<br>fax 509 647 2734<o:p></o:p></span></p></div></div></div></div></body></html>