<div dir="ltr">Thanks, Doug Schafer, for pointing out the relevant statute.<div>I am still curious, though, what benefit a married couple derives from holding property as JTWROS, as opposed to C/P. Within the estate planning context, it would seem to me that it is easier to create a credit shelter trust upon a first death if the property is held as C/P.</div></div><div class="gmail_extra"><br><div class="gmail_quote">On Mon, Mar 12, 2018 at 4:33 PM, Doug Schafer <span dir="ltr"><<a href="mailto:schafer@pobox.com" target="_blank">schafer@pobox.com</a>></span> wrote:<br><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex">
<div text="#000000" bgcolor="#FFFFFF">
<font face="Times New Roman, Times, serif">See
<a class="m_-150099994132466921moz-txt-link-freetext" href="http://app.leg.wa.gov/RCW/default.aspx?cite=64.28.040" target="_blank">http://app.leg.wa.gov/RCW/<wbr>default.aspx?cite=64.28.040</a> As I
recall, it was adopted to ensure that married couples' property
would get a stepped-up basis as community property even thought it
might be titled as a joint tenancy.<br>
<br>
Doug Schafer, in Tacoma.<br>
</font><div><div class="h5"><br>
<div class="m_-150099994132466921moz-cite-prefix">On 3/12/2018 3:30 PM, Teunis J. Wyers
wrote:<br>
</div>
</div></div><blockquote type="cite"><div><div class="h5">
<div dir="ltr">Washington couple owns significant assets as joint
tenants with right of survivorship. I am thinking that upon the
death of one spouse, there would be stepped-up basis in half the
value of their real property, whereas if they owned the property
as community property, there would be a step up in the entire
property value.
<div><br>
</div>
<div>Second question: why would married persons in Washington
ever want to hold real property as joint tenants with right of
survivorship?<br clear="all">
<div><br>
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<div dir="ltr">Teunis J. Wyers @ Wyers|Wyers,
Attorneys
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<div> Hood River, OR 97031</div>
<div> <a href="tel:(541)%20386-2210" value="+15413862210" target="_blank">(541)386-2210</a>/610-1520 (fax)</div>
<div>Washington Office:<br>
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<div> Bingen, WA 98605</div>
<div> <a href="tel:(509)%20493-2772" value="+15094932772" target="_blank">(509) 493-2772</a>/493-2406 (fax)</div>
<div>Email: <a href="mailto:teunisj@wyerslawpc.com" target="_blank">teunisj@wyerslawpc.com</a></div>
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</blockquote></div><br><br clear="all"><div><br></div>-- <br><div class="gmail_signature" data-smartmail="gmail_signature"><div dir="ltr"><div><div dir="ltr"><div><div dir="ltr">Teunis J. Wyers @ Wyers|Wyers, Attorneys<div><span style="font-size:12.8000001907349px">Oregon Office:</span><div> 216 Columbia St. - P.O. Box 917</div><div> Hood River, OR 97031</div><div> (541)386-2210/610-1520 (fax)</div><div>Washington Office:<br><div> 218 E. Steuben St. - P. O. Box 421</div><div> Bingen, WA 98605</div><div> (509) 493-2772/493-2406 (fax)</div><div>Email: <a href="mailto:teunisj@wyerslawpc.com" target="_blank">teunisj@wyerslawpc.com</a></div><div>Web: <a href="http://www.wyerslawpc.com" target="_blank">www.wyerslawpc.com</a></div><div><br></div><div><p style="font-size:12.8000001907349px;background-image:initial;background-repeat:initial"><font color="#000000"><span style="font-size:11pt;font-family:Calibri,sans-serif">NOTICE: This email (including any attachments) is covered by the Electronic Communications Privacy Act (EPCA), 18 U.S.C., Sec. 2510 - 2522, is confidential and privileged. This email is solely for the personal and confidential use of the recipient(s) named above. Receipt by anyone other than the individual recipient(s) is NOT a waiver of attorney-client privilege. Any violation of the ECPA is subject to the penalties stated therein. If you have received this message in error, please notify me immediately by reply e-mail </span><span style="font-size:11pt;font-family:Calibri,sans-serif">and immediately delete the original message.</span></font><span style="color:rgb(34,34,34);font-size:11pt;font-family:Calibri,sans-serif"><u></u><u></u></span></p><p style="color:rgb(80,0,80);font-size:12.8000001907349px"><span style="font-size:11pt;font-family:Calibri,sans-serif;color:rgb(31,73,125)"><u></u> </span></p></div><div><span style="border-collapse:collapse;font-family:Arial"><font size="1"><br></font></span></div></div></div></div></div></div></div></div></div>
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