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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>
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<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 href="mailto:eric@sayrelawoffices.com">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>
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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>
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<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:14.0pt;color:black"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:black">Josh</span><span style="font-size:14.0pt;color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><strong><span style="font-size:18.0pt;font-family:"Calibri",sans-serif;color:#004080">Joshua F. Grant</span></strong><span style="font-size:14.0pt;color:#004080"><br>
</span><span style="font-size:14.0pt;color:black"><img border="0" width="207" height="43" style="width:2.1562in;height:.4479in" id="Picture_x0020_1" src="cid:image001.png@01D91B91.89993F70" alt="advocates"></span><span style="font-size:14.0pt;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:14.0pt;color:black"><o:p></o:p></span></p>
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