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<p class="MsoNormal"><span style="font-size:11.0pt">If you can trace funds to show that the off-record sibling provided equal funds for closing, then I think a transfer could be done under the nominee exemption,
<a href="https://app.leg.wa.gov/WAC/default.aspx?cite=458-61A-214">WAC 458-61A-214</a>. You would have to provide the documentation tracing the off-record sibling’s funds into the escrow.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt">Having the spouse in the mix does make it a bit more confusing, but I think the "nominee" is sibling-and-spouse as to a 50% interest. Sibling-and-spouse own 50% as their community property, and hold the other
50% as nominees for the off-record sibling.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt">Sincerely,<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt">Eric<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt">Eric C. Nelsen<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt">Sayre Law Offices, PLLC<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt">1417 31st Ave South<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt">Seattle WA 98144-3909<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt">206-625-0092<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt"><a href="mailto:eric@sayrelawoffices.com"><span style="color:#467886">eric@sayrelawoffices.com</span></a><o:p></o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:11.0pt;font-family:"Calibri",sans-serif">From:</span></b><span style="font-size:11.0pt;font-family:"Calibri",sans-serif"> wsbarp-bounces@lists.wsbarppt.com <wsbarp-bounces@lists.wsbarppt.com>
<b>On Behalf Of </b>Julie Martiniello<br>
<b>Sent:</b> Monday, April 8, 2024 10:38 AM<br>
<b>To:</b> WSBA Real Property Listserv <wsbarp@lists.wsbarppt.com><br>
<b>Subject:</b> [WSBARP] WAC exemption (adding silent partner to deed)<o:p></o:p></span></p>
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<p class="MsoNormal">Hello All,<o:p></o:p></p>
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<p class="MsoNormal">I have a client where two siblings contributed equal funds to purchase a property, but the property was titled in the name of just one sibling and his spouse (for ease of closing). Sibling has essentially been a silent partner to some extent.<o:p></o:p></p>
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<p class="MsoNormal">Now they want to transfer the property to an LLC owned by the siblings. <o:p></o:p></p>
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<p class="MsoNormal"><o:p> </o:p></p>
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<p class="MsoNormal">I cannot seem to find an exemption that fits to have the transfer from the spouse to the sibling-in-law before I transfer to the LLC. Any thoughts?<o:p></o:p></p>
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<span style="font-family:"Garamond",serif;color:#44546A">Respectfully,</span><span style="color:#222222"><o:p></o:p></span></p>
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<span style="font-size:13.5pt;font-family:"Garamond",serif;color:#44546A">Julie Martiniello, Partner</span><span style="color:#222222"><o:p></o:p></span></p>
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<span style="font-size:13.5pt;font-family:"Garamond",serif;color:#44546A">Dimension Law Group, PLLC</span><span style="color:#222222"><o:p></o:p></span></p>
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<b><span style="font-family:"Garamond",serif;color:#44546A">Office:</span></b><span style="font-family:"Garamond",serif;color:#44546A"> 206-973-3500│<b>Fax:</b> 206-577-5090</span><span style="color:#222222"><o:p></o:p></span></p>
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<b><span style="font-family:"Garamond",serif;color:#44546A">Email: </span></b><u><span style="font-family:"Garamond",serif;color:#44546A"><a href="mailto:synthia@dimensionlaw.com" target="_blank"><span style="color:#44546A">julie@dimensionlaw.com</span></a></span></u><span style="color:#222222"><o:p></o:p></span></p>
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