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<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif">Thanks for the responses Brian, Nestor, and John.<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>
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<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>
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<p class="MsoNormal"><b>From:</b> wsbarp-bounces@lists.wsbarppt.com <wsbarp-bounces@lists.wsbarppt.com>
<b>On Behalf Of </b>John McCrady<br>
<b>Sent:</b> Wednesday, February 20, 2019 11:39 AM<br>
<b>To:</b> WSBA Real Property Listserv <wsbarp@lists.wsbarppt.com><br>
<b>Subject:</b> Re: [WSBARP] Best practice - Conveying into new trust<o:p></o:p></p>
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<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="font-family:"Calibri",sans-serif;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>
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<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>
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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>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>
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<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>
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