<html>
<head>
<meta http-equiv="Content-Type" content="text/html;
charset=windows-1252">
</head>
<body text="#000000" bgcolor="#FFFFFF">
<p>If the property has appreciated then I don't believe there will
be a step up in basis on the death of the parents using JTWRS. I
don't know if there are alternatives to a will that would get the
same result--maybe some sort of a trust? Talk to an estate tax
attorney.<br>
</p>
<pre class="moz-signature" cols="72">Kary L. Krismer
John L. Scott/KMS Renton
206 723-2148</pre>
<div class="moz-cite-prefix">On 1/11/2019 9:10 AM,
<a class="moz-txt-link-abbreviated" href="mailto:nestor@pplsweb.com">nestor@pplsweb.com</a> wrote:<br>
</div>
<blockquote type="cite"
cite="mid:014301d4a9d0$a04bf050$e0e3d0f0$@pplsweb.com">
<meta http-equiv="Content-Type" content="text/html;
charset=windows-1252">
<meta name="Generator" content="Microsoft Word 15 (filtered
medium)">
<style><!--
/* Font Definitions */
@font-face
{font-family:"Cambria Math";
panose-1:2 4 5 3 5 4 6 3 2 4;}
@font-face
{font-family:Calibri;
panose-1:2 15 5 2 2 2 4 3 2 4;}
@font-face
{font-family:Verdana;
panose-1:2 11 6 4 3 5 4 4 2 4;}
@font-face
{font-family:Webdings;
panose-1:5 3 1 2 1 5 9 6 7 3;}
@font-face
{font-family:"Century Schoolbook";
panose-1:2 4 6 4 5 5 5 2 3 4;}
/* Style Definitions */
p.MsoNormal, li.MsoNormal, div.MsoNormal
{margin:0in;
margin-bottom:.0001pt;
font-size:11.0pt;
font-family:"Calibri",sans-serif;}
a:link, span.MsoHyperlink
{mso-style-priority:99;
color:#0563C1;
text-decoration:underline;}
a:visited, span.MsoHyperlinkFollowed
{mso-style-priority:99;
color:#954F72;
text-decoration:underline;}
span.EmailStyle17
{mso-style-type:personal-compose;
font-family:"Calibri",sans-serif;}
.MsoChpDefault
{mso-style-type:export-only;
font-family:"Calibri",sans-serif;}
@page WordSection1
{size:8.5in 11.0in;
margin:1.0in 1.0in 1.0in 1.0in;}
div.WordSection1
{page:WordSection1;}
--></style><!--[if gte mso 9]><xml>
<o:shapedefaults v:ext="edit" spidmax="1026" />
</xml><![endif]--><!--[if gte mso 9]><xml>
<o:shapelayout v:ext="edit">
<o:idmap v:ext="edit" data="1" />
</o:shapelayout></xml><![endif]-->
<div class="WordSection1">
<p class="MsoNormal">PC’s owns property which he put in father
and mothers name. He is not sure he wants to be put in title,
just yet, but wants to make sure he gets the property on
death. He asked me about a TOD deed, but that can always be
canceled. I thought of 2 scenarios that would be better. (1) F
&M convey to F&M and PC as joint tenants with the
right of survivorship. There will be excise tax on conveyance
of partial interest since there is an outstanding DT; or (2)
F&M to F&M a life estate with remainder to PC.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">I believe that option 2 will be better,
since there is no transfer of a present interest (no excise
tax) and parents cannot terminate remainder interest.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">I am curious as to which way, my learned
colleagues would go or show me the error of my ways.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Happy Friday!<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><span style="color:black">Nestor Gorfinkel,
Attorney at Law<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:black">Licensed in
Washington & Florida<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:black">Florida Civil-Law
(International) Notary<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:black"><o:p> </o:p></span></p>
<p class="MsoNormal"><b><span
style="font-size:10.0pt;color:black">ATTENTION - This
e-mail message and any attachment to this e-mail message
may contain confidential information that is legally
privileged. If you are not the intended recipient, you
must not review, retransmit, convert to hard copy, copy,
use or disseminate this e-mail or any attachments to it.
If you have received this e-mail in error, please notify
us immediately by return e-mail or by telephone at the
phone numbers provided herein and delete this message.
Please note that if this e-mail message contains a
forwarded message or is a reply to a prior message, some
or all of the contents of this message or any attachments
may not have been produced by the sender.<o:p></o:p></span></b></p>
<p class="MsoNormal"><b><span
style="font-size:10.0pt;color:black"><o:p> </o:p></span></b></p>
<p class="MsoNormal"><b><span
style="font-size:24.0pt;font-family:Webdings;color:#009900">P</span></b><b><span
style="font-size:24.0pt;color:#009900"> </span></b><b><span
style="font-size:9.0pt;font-family:"Verdana",sans-serif;color:#009900">Please
consider the environment before printing this e-mail.</span></b><span
style="font-family:"Century
Schoolbook",serif;color:black"><o:p></o:p></span></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
</div>
<br>
<fieldset class="mimeAttachmentHeader"></fieldset>
<pre class="moz-quote-pre" wrap="">_______________________________________________
WSBARP mailing list
<a class="moz-txt-link-abbreviated" href="mailto:WSBARP@lists.wsbarppt.com">WSBARP@lists.wsbarppt.com</a>
<a class="moz-txt-link-freetext" href="http://mailman.fsr.com/mailman/listinfo/wsbarp">http://mailman.fsr.com/mailman/listinfo/wsbarp</a></pre>
</blockquote>
</body>
</html>