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<p class="MsoNormal"><span style="color:#002060">Dear Jeanne:<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#002060">Yes, this was interesting. I will keep this in mind if I should ever have occasion to encounter a scenario to which it can be applied.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#002060">Happy Friday!<o:p></o:p></span></p>
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<p class="MsoNormal" style="margin-bottom:12.0pt"><b><span style="color:#222A35">Mark B. Anderson<br>
</span></b><span style="color:#222A35">ANDERSON LAW FIRM PLLC<br>
821 Dock St Ste 209 PMB 4-12<br>
Tacoma, Washington 98402<br>
+1 253-327-1750<br>
+1 253-327-1751 (fax)<br>
<a href="mailto:marka@mbaesq.com"><span style="color:blue">marka@mbaesq.com</span></a><br>
<a href="http://www.mbaesq.com/"><span style="color:blue">www.mbaesq.com</span></a><b><o:p></o:p></b></span></p>
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<p class="MsoNormal" style="margin-bottom:0in"><b><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:windowtext">From:</span></b><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:windowtext"> wsbarp-bounces@lists.wsbarppt.com
<wsbarp-bounces@lists.wsbarppt.com> <b>On Behalf Of </b>Jeanne Dawes<br>
<b>Sent:</b> 06/02/2023 9:56 AM<br>
<b>To:</b> WSBA Real Property Listserv <wsbarp@lists.wsbarppt.com><br>
<b>Subject:</b> Re: [WSBARP] Conveyance from a Revocable Trust<o:p></o:p></span></p>
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<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Calibri",sans-serif;color:blue">Mark, in doing some research (for the same reason you asked your question below) I came across this article and thought you would be interested.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Calibri",sans-serif;color:blue">Apparently the problem was solved in the Taxpayer Relief Act of 1997, and you no longer need to worry about whether a direct gift from a revocable trust made within
3 years of Trustor’s death will be includable in Trustor’s gross estate for purposes of estate tax. I am assuming WA Estate Tax rules follow since it follows the federal rules, but I have not done any independent research on that.<o:p></o:p></span></p>
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<p class="MsoNormal" style="margin-bottom:0in"><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" style="margin-bottom:0in"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;color:blue"><o:p> </o:p></span></p>
<p class="MsoNormal" style="margin-bottom:0in"><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:"TypoUpright BT";color:blue">Dawes</span></i></b><b><i><span style="font-size:18.0pt;font-family:"Bella Donna";color:blue"><o:p></o:p></span></i></b></p>
<p class="MsoNormal" style="margin-bottom:0in"><span style="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" style="margin-bottom:0in"><span style="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" style="margin-bottom:0in"><span style="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" style="margin-bottom:0in"><span style="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" style="margin-bottom:0in"><span style="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" style="margin-bottom:0in"><span style="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" style="margin-bottom:0in"><span style="color:blue"><a href="mailto:jjdawes@goregrewe.com"><span style="color:blue">jjdawes@goregrewe.com</span></a><o:p></o:p></span></p>
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<p class="MsoNormal" style="margin-bottom:0in"><b><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:windowtext">From:</span></b><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:windowtext">
<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>Mark Anderson<br>
<b>Sent:</b> Monday, May 08, 2023 3:37 PM<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] Conveyance from a Revocable Trust<o:p></o:p></span></p>
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<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><span style="color:#002060">Older parents wish to transfer real property from their revocable Trust to their only son, who is married and who is the sole beneficiary under the Trust. Son wishes to have his wife on title as well.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#002060">An iterative way to make this happen would be for the revocable Trust to transfer the property to the son, which would be exempt from excise tax under WAC 458-61A-211(2)(h). Then the son could quitclaim his
interest to himself and his wife, which would be exempt from excise tax under WAC 458-61A-203(1).<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#002060">Can this be done in one transaction to avoid having to record two documents and still avoid the imposition of excise tax? It looks like it might be possible to convey title directly to the son and his wife and
still be tax exempt under WAC 458-61A-211(2)(h) because it might otherwise be considered a gift to the daughter-in-law.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#002060">What do you all think? And what do you recommend?<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#002060">Thanks.<o:p></o:p></span></p>
<p class="MsoNormal" style="margin-bottom:12.0pt"><b>Mark B. Anderson<br>
</b>ANDERSON LAW FIRM PLLC<br>
821 Dock St Ste 209 PMB 4-12<br>
Tacoma, Washington 98402<br>
+1 253-327-1750<br>
+1 253-327-1751 (fax)<br>
<a href="mailto:marka@mbaesq.com"><span style="color:blue">marka@mbaesq.com</span></a><br>
<a href="http://www.mbaesq.com/"><span style="color:blue">www.mbaesq.com</span></a><b><o:p></o:p></b></p>
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or other confidentiality protection. If you are not the intended recipient, or the person responsible to deliver it to the intended recipient, be advised that any dissemination, distribution, or copying of this communication is prohibited. If you have received
this transmission in error, please immediately notify the sender via e-mail or by telephone at (253) 327-1750 that you have received the message in error, and then delete it. Thank you.</span><span style="font-size:7.5pt;color:#002060"><o:p></o:p></span></p>
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