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<DIV><FONT size=4>thanks Eric. yes it is separate property now... sorry
that wasn’t clear. 2 steps will work.</FONT></DIV>
<DIV><FONT size=4>Happy New Year.</FONT></DIV>
<DIV> </DIV>
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<DIV><STRONG><SPAN style="FONT-SIZE: 18pt; COLOR: #004080">Joshua F.
Grant</SPAN></STRONG><SPAN style="COLOR: #004080"><BR></SPAN><SPAN
style="COLOR: black"><IMG title=advocates
style="BORDER-TOP: 0px; BORDER-RIGHT: 0px; BACKGROUND-IMAGE: none; BORDER-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; BORDER-LEFT: 0px; DISPLAY: inline; PADDING-RIGHT: 0px"
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width=207 height=43><BR></SPAN><SPAN style="FONT-SIZE: 11pt; COLOR: #004080">P.
O. Box 619<BR>Wilbur, WA 99185<BR>509 647 5578</SPAN><SPAN
style="COLOR: black"><o:p></o:p></SPAN></DIV></DIV></DIV></DIV>
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<DIV style="font-color: black"><B>From:</B> <A
title=eric@sayrelawoffices.com>Eric Nelsen</A> </DIV>
<DIV><B>Sent:</B> Thursday, December 29, 2022 2:26 PM</DIV>
<DIV><B>To:</B> <A title=wsbarp@lists.wsbarppt.com>WSBA Real Property
Listserv</A> </DIV>
<DIV><B>Subject:</B> Re: [WSBARP] "Controlling interest" REET rule : separate
property land to Trust for H&W</DIV></DIV></DIV>
<DIV> </DIV></DIV>
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<P class=MsoNormal>Exempt for other reason—it’s a transfer without change in
beneficial interest. Before the transfer, client owns 50%; after the transfer,
client retains beneficial interest in 50%. <A
href="https://app.leg.wa.gov/WAC/default.aspx?cite=458-61A-211">WAC
458-61A-211</A>.<o:p></o:p></P>
<P class=MsoNormal><o:p></o:p> </P>
<P class=MsoNormal>Unless you’re saying it’s client’s separate property
currently, and would change to community if put in the trust? If so, maybe do it
as a two-step process: client deeds to client & spouse as community
property, exempt under -203; then client & spouse deed to their trust,
exempt under -211.<o:p></o:p></P>
<P class=MsoNormal><o:p></o:p> </P>
<DIV>
<P class=MsoNormal>Sincerely,<o:p></o:p></P>
<P class=MsoNormal><o:p></o:p> </P>
<P class=MsoNormal>Eric<o:p></o:p></P>
<P class=MsoNormal><o:p></o:p> </P>
<P class=MsoNormal>Eric C. Nelsen<o:p></o:p></P>
<P class=MsoNormal>Sayre Law Offices, PLLC<o:p></o:p></P>
<P class=MsoNormal>1417 31st Ave South<o:p></o:p></P>
<P class=MsoNormal>Seattle WA 98144-3909<o:p></o:p></P>
<P class=MsoNormal>206-625-0092<o:p></o:p></P>
<P class=MsoNormal><A>eric@sayrelawoffices.com</A><o:p></o:p></P>
<P class=MsoNormal><o:p></o:p> </P>
<P class=MsoNormal><B><SPAN
style="BACKGROUND: aqua; mso-highlight: aqua">Covid-19 Update - </SPAN></B>All
attorneys are working remotely during regular business hours and are available
via email and by phone. Videoconferencing also is available. Signing of estate
planning documents can be completed and will be handled on a case-by-case basis.
Please direct mail and deliveries to the Seattle office.<o:p></o:p></P></DIV>
<P class=MsoNormal><o:p></o:p> </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>Josh
Grant<BR><B>Sent:</B> Thursday, December 29, 2022 1:56 PM<BR><B>To:</B> wsbar
<wsbarp@lists.wsbarppt.com><BR><B>Subject:</B> [WSBARP] "Controlling
interest" REET rule : separate property land to Trust for
H&W<o:p></o:p></P></DIV></DIV>
<P class=MsoNormal><o:p></o:p> </P>
<DIV>
<DIV>
<P class=MsoNormal><SPAN style="COLOR: black">Client owns an undivided ½
interest in farm parcel. Other ½ interest is owned by an uncle. Client
wants to put her undivided interest in the parcel in a Trust along with other
assets like the family home (all community property) in order to avoid probate.
Beneficiaries of the existing trust are she and her husband. Client lives out of
state and this is the only asset in Washington. I am hoping that because client
owns 50% that the controlling interest isn’t being transferred and no REET
issue.??</SPAN><SPAN
style="FONT-SIZE: 14pt; COLOR: black"><o:p></o:p></SPAN></P>
<P class=MsoNormal><SPAN style="COLOR: black">Josh</SPAN><SPAN
style="FONT-SIZE: 14pt; COLOR: black"><o:p></o:p></SPAN></P>
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<P class=MsoNormal><STRONG><SPAN
style='FONT-SIZE: 18pt; FONT-FAMILY: "Calibri",sans-serif; COLOR: #004080'>Joshua
F. Grant</SPAN></STRONG><SPAN
style="FONT-SIZE: 14pt; COLOR: #004080"><BR></SPAN><SPAN
style="FONT-SIZE: 14pt; COLOR: black"><IMG id=Picture_x0020_1
style="HEIGHT: 0.447in; WIDTH: 2.156in" border=0 alt=advocates
src="cid:D2D0647996994A2DA6C4FEBAB48972B7@JoshPC" width=207
height=43></SPAN><SPAN style="FONT-SIZE: 14pt; COLOR: black"><BR></SPAN><SPAN
style="COLOR: #004080">P. O. Box 619<BR>Wilbur, WA 99185<BR>509 647
5578</SPAN><SPAN
style="FONT-SIZE: 14pt; COLOR: black"><o:p></o:p></SPAN></P></DIV></DIV></DIV></DIV></DIV></DIV></DIV>
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