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<p class="MsoNormal" style="margin-bottom:12.0pt"><span style="color:#002060">Poster on another listserv asked the following question.<o:p></o:p></span></p>
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<span style="font-size:11.0pt;font-family:"Times New Roman",serif;color:windowtext">Client owns real property in Mason County. Title is held by client individually and as Trustee of his deceased spouse’s Credit Trust. Client wants to give his daughter the property
and the Credit Trust enables him (the Trustee) to <i>distribute </i>the Trust ownership in the property to his daughter.
<o:p></o:p></span></p>
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<span style="font-size:11.0pt;font-family:"Times New Roman",serif;color:windowtext">I intended to prepare a single Deed conveying title from client in his personal and fiduciary and Trustee capacity to his daughter using the Gift exemption (WAC 458-61A-201)
and distribution from irrevocable trust exemption (WAC 458-61A-210). My research indicates, however, that Counties and the DOR will NOT accept two WAC Exemptions on a single REETA.<o:p></o:p></span></p>
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<span style="font-size:11.0pt;font-family:"Times New Roman",serif;color:windowtext">Must I prepare and record TWO Deeds and two REETAs, one conveying title from the surviving spouse to the daughter and one from the Irrevocable Trust to the daughter?<o:p></o:p></span></p>
<p class="MsoNormal" style="margin-bottom:12.0pt"><span style="color:#002060">Here is my reply to the post:<o:p></o:p></span></p>
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<span style="font-size:11.0pt;font-family:"Times New Roman",serif;color:windowtext">I would consider naming both your individual client and your trustee client as grantors on the deed. Although two WAC exemptions could apply, I think you should only need to
use the gift exemption because that could apply to both grantors. </span><span style="color:#002060"><o:p></o:p></span></p>
<p class="MsoNormal" style="margin-bottom:12.0pt"><span style="color:#002060">Do any of you have alternate opinions on this? If so, I will pass them on.<o:p></o:p></span></p>
<p class="MsoNormal" style="margin-bottom:12.0pt"><span style="color:#002060">Happy Friday!<o:p></o:p></span></p>
<p class="MsoNormal" style="margin-bottom:12.0pt"><b><span style="color:#002060">Mark B. Anderson<br>
</span></b><span style="color:#002060">ANDERSON LAW FIRM PLLC<br>
821 Dock Street, Suite 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:#002060">marka@mbaesq.com</span></a><br>
<a href="http://www.mbaesq.com/"><span style="color:#002060">www.mbaesq.com</span></a><b><o:p></o:p></b></span></p>
<p class="MsoNormal" style="margin-bottom:12.0pt"><b><span style="font-family:"Arial Narrow",sans-serif;color:#002060">CONFIDENTIALITY NOTICE<br>
</span></b><span style="font-family:"Arial Narrow",sans-serif;color:#002060">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.<o:p></o:p></span></p>
<p class="MsoNormal"><o:p> </o:p></p>
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