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</o:shapelayout></xml><![endif]--></head><body lang=EN-US link="#0563C1" vlink="#954F72"><div class=WordSection1><p class=MsoNormal>That’s why I typically go with that route for the preservation of warranties. Well said.<o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><div><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></div><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> <a href="mailto:wsbarp-bounces@lists.wsbarppt.com">wsbarp-bounces@lists.wsbarppt.com</a> <<a href="mailto:wsbarp-bounces@lists.wsbarppt.com">wsbarp-bounces@lists.wsbarppt.com</a>> <b>On Behalf Of </b>Jeanne Dawes<br><b>Sent:</b> Wednesday, February 20, 2019 10:28 AM<br><b>To:</b> WSBA Real Property Listserv <<a href="mailto:wsbarp@lists.wsbarppt.com">wsbarp@lists.wsbarppt.com</a>><br><b>Subject:</b> Re: [WSBARP] Best practice - Conveying into new trust<o:p></o:p></p></div></div><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal><span style='font-size:12.0pt;color:blue'>John, I typically use a Statutory Warranty Deed for properties because typically I don’t know whether they are insured, or when they were insured, or under what ALTA policy they were insured (a lot of times is may be under a much older policy). My thought is that if the living trust is not insured under the Grantor’s existing policy the Trust would have a claim against the Grantor under the statutory warranties, and the Grantor would then have a claim against their title insurance policy, if they have one and it is a covered claim. If the property was not insured, then the Trust would just deal with the issue, it is unlikely it would bring a claim against the original grantor. Does it make good sense to continue using the Statutory Warranty Deed when transferring property to grantor trusts?<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;color:blue'><o:p> </o:p></span></p><div><p class=MsoNormal><i><span style='font-size:18.0pt;font-family:"TypoUpright BT";color:blue'>Jeanne</span></i><span style='font-size:12.0pt;font-family:"Times New Roman",serif;color:blue'> <o:p></o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Times New Roman",serif;color:blue'><o:p> </o:p></span></p><p class=MsoNormal><b><i><span style='font-size:18.0pt;font-family:"TypoUpright BT";color:blue'>Jeanne J.</span></i></b><b><i><span style='font-size:12.0pt;font-family:"Times New Roman",serif;color:blue'> </span></i></b><b><i><span style='font-size:18.0pt;font-family:"Bella Donna";color:blue'>Dawes<o:p></o:p></span></i></b></p><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Arial",sans-serif;color:blue'>Attorney at Law</span><span style='font-size:12.0pt;font-family:"Times New Roman",serif;color:blue'><o:p></o:p></span></p><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Arial",sans-serif;color:blue'>Gore & Grewe, P.S.</span><span style='font-size:12.0pt;font-family:"Times New Roman",serif;color:blue'><o:p></o:p></span></p><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Arial",sans-serif;color:blue'>103 E. Indiana Avenue, Suite A</span><span style='font-size:12.0pt;font-family:"Times New Roman",serif;color:blue'><o:p></o:p></span></p><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Arial",sans-serif;color:blue'>Spokane, WA 99207-2317</span><span style='font-size:12.0pt;font-family:"Times New Roman",serif;color:blue'><o:p></o:p></span></p><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Arial",sans-serif;color:blue'>Voice: 509-326-7500</span><span style='font-size:12.0pt;font-family:"Times New Roman",serif;color:blue'><o:p></o:p></span></p><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Arial",sans-serif;color:blue'>Fax: 509-326-7503</span><span style='font-size:12.0pt;font-family:"Times New Roman",serif;color:blue'><o:p></o:p></span></p><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Arial",sans-serif;color:blue'><a href="mailto:jjdawes@goregrewe.com"><span style='color:blue'>jjdawes@goregrewe.com</span></a><o:p></o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Times New Roman",serif;color:blue'><o:p> </o:p></span></p><p class=MsoNormal><span style='color:blue'><img border=0 width=271 height=152 style='width:2.8229in;height:1.5833in' id="_x0037_029b209-7d72-4ff3-a3f4-7f0f7da9282c" src="cid:image001.jpg@01D4C910.CF41E950" alt="cid:7029b209-7d72-4ff3-a3f4-7f0f7da9282c"></span><span style='font-size:12.0pt;font-family:"Times New Roman",serif;color:blue'><o:p></o:p></span></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='font-size:10.0pt;font-family:"Arial",sans-serif;color:blue'>INFORMATION CONTAINED IN THIS E-MAIL TRANSMISSION IS PRIVILEGED AND CONFIDENTIAL. </span><span style='font-size:12.0pt;font-family:"Times New Roman",serif;color:blue'> </span><span style='font-size:10.0pt;font-family:"Arial",sans-serif;color:blue'><o:p></o:p></span></p></div><p class=MsoNormal><span style='font-size:12.0pt;color:blue'><o:p> </o:p></span></p><div><div style='border:none;border-top:solid #E1E1E1 1.0pt;padding:3.0pt 0in 0in 0in'><p class=MsoNormal><b>From:</b> <a href="mailto:wsbarp-bounces@lists.wsbarppt.com">wsbarp-bounces@lists.wsbarppt.com</a> <<a href="mailto:wsbarp-bounces@lists.wsbarppt.com">wsbarp-bounces@lists.wsbarppt.com</a>> <b>On Behalf Of </b>John McCrady<br><b>Sent:</b> Wednesday, February 20, 2019 9:39 AM<br><b>To:</b> WSBA Real Property Listserv <<a href="mailto:wsbarp@lists.wsbarppt.com">wsbarp@lists.wsbarppt.com</a>><br><b>Subject:</b> Re: [WSBARP] Best practice - Conveying into new trust<o:p></o:p></p></div></div><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal><span style='font-size:12.0pt;color:#4472C4'>From a title insurance perspective, it probably doesn’t matter what type of deed you use, provided the trust is a “Living Trust” created for estate planning purposes.<o:p></o:p></span></p><p class=MsoNormal style='margin-left:.5in'><span style='font-size:12.0pt;color:#4472C4'>In the 2006 Owner’s Policy the definition of “Insured” includes “…a trustee or beneficiary of a trust created by a written instrument established by the insured named in Schedule A for estate planning purposes.” <o:p></o:p></span></p><p style='margin-left:.5in;line-height:15.0pt'><span style='color:#4472C4'>In the Alta Homeowner’s Policy the insured (“You”) is defined: (3) the trustee or successor trustee of Your Trust or any Estate Planning Entity created for You to whom or to which You transfer Your Title after the Policy Date; (4) the beneficiaries of Your Trust upon Your death; or<o:p></o:p></span></p><p class=MsoNormal><span style='color:#4472C4'>Since these definitions are not dependent on continuation of warranty provisions a quit claim deed would not jeopardize coverage. <o:p></o:p></span></p><p class=MsoNormal><span style='color:#4472C4'><o:p> </o:p></span></p><p class=MsoNormal><span style='color:#4472C4'>If the trust is not an estate planning trust, I would use a Statutory Warranty Deed and request an endorsement from the client’s Title Insurer</span><span style='color:#1F497D'>.<o:p></o:p></span></p><p class=MsoNormal><span style='color:#1F497D'><o:p> </o:p></span></p><div><p class=MsoNormal><span style='color:#1F497D'>John McCrady<o:p></o:p></span></p><p class=MsoNormal><span style='color:#1F497D'>Counsel<o:p></o:p></span></p><p class=MsoNormal><span style='color:#1F497D'>Puget Sound Title Company<o:p></o:p></span></p><p class=MsoNormal><span style='color:#1F497D'>5350 Orchard Street West<o:p></o:p></span></p><p class=MsoNormal><span style='color:#1F497D'>University Place WA 98467<o:p></o:p></span></p><p class=MsoNormal><span style='color:#1F497D'>253-476-5721<o:p></o:p></span></p><p class=MsoNormal><span style='color:#1F497D'><a href="mailto:j.mccrady@pstitle.com">j.mccrady@pstitle.com</a><o:p></o:p></span></p></div><p class=MsoNormal><span style='color:#1F497D'><o:p> </o:p></span></p><div><div style='border:none;border-top:solid #E1E1E1 1.0pt;padding:3.0pt 0in 0in 0in'><p class=MsoNormal><b>From:</b> <a href="mailto:wsbarp-bounces@lists.wsbarppt.com">wsbarp-bounces@lists.wsbarppt.com</a> [<a href="mailto:wsbarp-bounces@lists.wsbarppt.com">mailto:wsbarp-bounces@lists.wsbarppt.com</a>] <b>On Behalf Of </b>marc holmeslawgroup.com<br><b>Sent:</b> Wednesday, February 20, 2019 8:52 AM<br><b>To:</b> WSBA Real Property Listserv <<a href="mailto:wsbarp@lists.wsbarppt.com">wsbarp@lists.wsbarppt.com</a>><br><b>Subject:</b> [WSBARP] Best practice - Conveying into new trust<o:p></o:p></p></div></div><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Times New Roman",serif'>I’ve seen quit claim, bargain and sale, special warranty, and statutory warranty deeds used to convey property into a trust and am trying to decide which to use and whether to ask the title company for an endorsement for the new “insured.”<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Times New Roman",serif'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Times New Roman",serif'>Any opinion on which is most appropriate form of deed and whether a title endorsement is even necessary. I vaguely recall that this sort of conveyance won’t disturb continuity of coverage under either an ALTA Standard or ALTA Homeowner’s policy. <o:p></o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Times New Roman",serif'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Times New Roman",serif'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Times New Roman",serif'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Times New Roman",serif'>Marc Holmes, JD<br>Holmes Law Group PLLC<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Times New Roman",serif'>2303 W. Commodore Way, Suite 306<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Times New Roman",serif'>Seattle, WA 98199<br></span><a href="mailto:marc@holmeslawgroup.com"><span style='font-size:12.0pt;font-family:"Times New Roman",serif;color:blue'>marc@holmeslawgroup.com</span></a><span style='font-size:12.0pt;font-family:"Times New Roman",serif'><br>(206) 357-4224 (ofc)<br>(206) 849-0853 (cell)<o:p></o:p></span></p><p class=MsoNormal><o:p> </o:p></p></div></body></html>