<html><head><meta http-equiv="content-type" content="text/html; charset=utf-8"></head><body style="overflow-wrap: break-word; -webkit-nbsp-mode: space; line-break: after-white-space;">Listmates<div><br></div><div>Parents want to add two children to title to the home property. The children will start making payments on the existing loan and pay REET on the balance assumed. </div><div><br></div><div>The wrinkle is that they want to get a HELOC loan after the gift within six month to improve the existing home. They will not be paying off the existing loan at that time. Will the HELOC cause DOR to claim it is like a refinance seeking additional REET is due, penalties and interest.</div><div><br></div><div>Randy<br><div>
<div style="orphans: 2; text-align: -webkit-auto; text-indent: 0px; widows: 2; word-wrap: break-word; -webkit-nbsp-mode: space; -webkit-line-break: after-white-space; "><div style="orphans: 2; text-align: -webkit-auto; text-indent: 0px; widows: 2; word-wrap: break-word; -webkit-nbsp-mode: space; -webkit-line-break: after-white-space; "><div style="margin: 0in 0in 0.0001pt; "><div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: medium; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; margin: 0in 0in 0.0001pt; "><b style="font-family: Calibri, sans-serif; font-size: 11pt; "><u><span style="font-family: Corbel, sans-serif; color: rgb(0, 75, 133); ">Randy M. Boyer ______</span></u></b><span style="font-family: Corbel, sans-serif; font-size: 11pt; color: rgb(31, 73, 125); "><br></span><span style="font-family: Corbel, sans-serif; font-size: 11pt; color: rgb(51, 51, 51); ">Attorney, </span><font face="Cambria"><span style="font-size: 14px; ">WSBA# 8665</span></font></div><div style="margin: 0in 0in 0.0001pt; "><span style="font-family: Corbel, sans-serif; color: rgb(51, 51, 51); font-size: 11pt; "></span><span style="color: rgb(51, 51, 51); font-family: Calibri, sans-serif; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; ">Law Office of Randy M. Boyer, Inc. P.S. </span><span style="color: rgb(31, 73, 125); font-family: Corbel, sans-serif; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; "><br></span><span style="color: rgb(31, 73, 125); font-family: Corbel, sans-serif; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; ">7017 196th St. S.W. Lynnwood, Washington 98036<br></span><span style="color: rgb(153, 153, 153); font-family: Wingdings; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; ">(</span><span style="color: rgb(153, 153, 153); font-family: Calibri, sans-serif; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; "> </span><b style="color: rgb(0, 0, 0); font-family: Calibri, sans-serif; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; "><span style="font-family: Corbel, sans-serif; color: rgb(31, 73, 125); ">425.712.3107</span></b><span style="color: rgb(161, 120, 77); font-family: Corbel, sans-serif; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; ">| </span><span style="color: rgb(31, 73, 125); font-family: Calibri, sans-serif; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; "> </span><span style="color: rgb(31, 73, 125); font-family: Calibri, sans-serif; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; "> </span><span style="color: rgb(31, 73, 125); font-family: 'Times New Roman'; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; "><font class="Apple-style-span" face="Calibri">Fax </font></span><span style="color: rgb(31, 73, 125); font-family: Corbel, sans-serif; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; ">425.778.2274<br></span><font face="Calibri"><span style="font-size: 14px; ">mail to:<u><span class="Apple-converted-space"> </span></u><a href="mailto:randyedlynlaw@gmail.com">randyedlynlaw@gmail.com</a></span></font></div></div><p class="MsoNormal" style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; "><span style="font-size: 14px; font-family: Calibri; text-align: justify; ">This email is covered by the Electronic Communications Privacy Act, 18 U.S.C. Sections 2510-2521, and is legally privileged. </span> <span style="font-size: 14px; font-family: Calibri; text-align: justify; ">This email was sent by an attorney or his agent, is intended only for the addressee’s use, and may contain confidential and privileged information. </span> <span style="font-size: 14px; font-family: Calibri; text-align: justify; ">If you are not the intended recipient, you are hereby notified that any retention, dissemination, reproduction or other use of the information contained in this e-mail is strictly prohibited. </span> <span style="font-size: 14px; font-family: Calibri; text-align: justify; ">If you have received this email in error, please delete it and immediately notify the sender by reply email. </span> <span style="font-size: 14px; font-family: Calibri; text-align: justify; ">Thank you for your cooperation.</span></p></div></div>
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