<div dir="ltr"><div class="gmail_default" style="font-family:arial,sans-serif;font-size:small">The option that comes to mind for me is a postnuptial agreement between child and spouse. Lock in the separate property nature and amount. No need to encumber title. I've previously done a similar agreement regarding down payment money in a prenup. We set it up so the gift-recipient child got the first $x in repayment of the down payment dollars (fixed amount) and then the couple split any remaining equity according to applicable law (the wedding was going to be "in the future" so we didn't try to lock in the characterization of the excess equity). </div><div class="gmail_default" style="font-family:arial,sans-serif;font-size:small"><br></div><div class="gmail_default" style="font-family:arial,sans-serif;font-size:small">The main problem with this approach is that the child can unwind it without the parents' consent by voiding the postnup. </div><div><div dir="ltr" class="gmail_signature" data-smartmail="gmail_signature"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div><br></div><div style="color:rgb(0,0,0)"><font face="arial, sans-serif"><b>Spencer A. W. Stromberg</b><br></font></div><div style="color:rgb(0,0,0)"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><font face="arial, sans-serif">Attorney at Law</font></div><div dir="ltr"><font face="arial, sans-serif"><br></font><div></div><div><font face="arial, helvetica, sans-serif"><img width="200" height="36" src="https://ci3.googleusercontent.com/mail-sig/AIorK4wMRe_ukoUDSfEk1B9GOtzEv1ZmETJ5W4aT8G-i1q6fL7AkhPL9-7Q-uOEqpeS39zB_6R0N47HVfeKJTfKSM6im7XYlsivfchznVeSWqQ"><br></font></div><div></div><div><font face="arial, sans-serif">1403 S. Grand Blvd., Suite 201-S<br></font></div><div><font face="arial, sans-serif">Spokane, WA<span> 99203-2278</span></font></div><div><font face="arial, sans-serif"><br>P:<span> 509.455.3713</span><br>D:<span> 509.828.4644</span><br>F:<span> +1.509.455.3718 (must dial 1 before area code)</span></font></div><div><font face="arial, sans-serif"><span style="font-size:12.8px">E: </span><a href="mailto:spencer@lucentlaw.com" style="color:rgb(17,85,204);font-size:12.8px" target="_blank">spencer@lucentlaw.com</a><br></font></div><div><div style="font-size:12.8px"><font face="arial, sans-serif"><br></font></div><div style="font-size:12.8px"><font face="arial, sans-serif"><a href="https://www.lucentlaw.com/" style="color:rgb(17,85,204)" target="_blank">lucentlaw.com</a></font></div><div style="font-size:12.8px"><a href="https://www.facebook.com/lucentlaw" target="_blank">Facebook</a><br></div><div style="font-size:12.8px"><a href="https://www.linkedin.com/company/lucent-law" target="_blank">LinkedIn</a><br></div><div style="font-size:12.8px"><a href="https://twitter.com/LucentLaw" target="_blank">Twitter</a><br></div><div style="font-size:12.8px"><br></div><div style="font-size:12.8px"><div><font face="arial, sans-serif"><span style="font-size:x-small">CONFIDENTIALITY NOTICE: This email and any attachments are confidential and may be protected by legal privilege. If you are not the intended recipient, be aware that any disclosure, copying or distribution, or use of this email or any attachment is prohibited. If you have received this email in error, please notify me and delete it from your system.</span></font><font color="#262626" face="verdana, sans-serif"><span style="font-size:13px;line-height:16px"><i><br></i></span></font></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div><br></div><br><div class="gmail_quote"><div dir="ltr" class="gmail_attr">On Fri, Jun 9, 2023 at 1:56 PM Mark Anderson <<a href="mailto:marka@mbaesq.com" target="_blank">marka@mbaesq.com</a>> wrote:<br></div><blockquote class="gmail_quote" style="margin:0px 0px 0px 0.8ex;border-left:1px solid rgb(204,204,204);padding-left:1ex"><div>
<div lang="EN-US">
<div>
<p class="MsoNormal"><span style="color:rgb(0,32,96)">Potential client wants to provide money to PC’s child out of a Trust so that child can purchase a new home with child’s spouse. Home will be financed by money from child and child’s spouse, the money from the
Trust, and a first position loan from lender to child and child’s spouse. PC wants to make sure child’s spouse will not receive any of the equity represented by the money from the Trust in the event the marriage goes south.<u></u><u></u></span></p>
<p class="MsoNormal"><span style="color:rgb(0,32,96)">I have recommended they use a note in favor of the Trust with a second position deed of trust and a subordination agreement (if the primary lender needs one). Offering that could, however, jeopardize the couple’s
ability to get a primary loan unless the terms are exceptionally favorable as far as monthly payments (if any at all) so as to not impact the couple’s financial picture.<u></u><u></u></span></p>
<p class="MsoNormal"><span style="color:rgb(0,32,96)">PC asked about just having child and spouse consent to recording a lien on the new home, but I’m having trouble finding any sort of statutory basis for using a lien as opposed to a note any deed of trust.<u></u><u></u></span></p>
<p class="MsoNormal"><span style="color:rgb(0,32,96)">Apart from these possible solutions, do you of you have other ideas I could offer PC?<u></u><u></u></span></p>
<p class="MsoNormal"><span style="color:rgb(0,32,96)">Thanks.<u></u><u></u></span></p>
<p class="MsoNormal" style="margin-bottom:12pt"><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" target="_blank"><span style="color:blue">marka@mbaesq.com</span></a><br>
<a href="http://www.mbaesq.com/" target="_blank"><span style="color:blue">www.mbaesq.com</span></a><b><u></u><u></u></b></p>
<p class="MsoNormal" style="margin-bottom:12pt"><b><span style="font-family:"Arial Narrow",sans-serif;color:rgb(0,32,96)">CONFIDENTIALITY NOTICE<br>
</span></b><span style="font-family:"Arial Narrow",sans-serif;color:rgb(0,32,96)">This transmission is confidential and is intended solely for the use of the individual named recipient. It may be protected by the attorney-client privilege, work product doctrine,
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:rgb(0,32,96)"><u></u><u></u></span></p>
<p class="MsoNormal"><u></u> <u></u></p>
</div>
</div>
***Disclaimer: Please note that RPPT listserv participation is not restricted to practicing attorneys and may include non-practicing attorneys, law students, professionals working in related fields, and others.***<br>
<br>
_______________________________________________<br>
WSBARP mailing list<br>
<a href="mailto:WSBARP@lists.wsbarppt.com" target="_blank">WSBARP@lists.wsbarppt.com</a><br>
<a href="http://mailman.fsr.com/mailman/listinfo/wsbarp" rel="noreferrer" target="_blank">http://mailman.fsr.com/mailman/listinfo/wsbarp</a></div></blockquote></div>