Legal Question in Real Estate Law in Washington

Washington State Law

I live in Las Vegas, NV, my boyfriend lives in Washington State and owns a house there. He wants me to sign as a co-owner but said that I have to be in Washington to sign the papers. True?


Asked on 5/29/09, 1:43 pm

2 Answers from Attorneys
James Smith James E. Smith Ltd.

Re: Washington State Law

Sounds silly.

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Answered on 5/29/09, 2:19 pm
Jeffrey Cogan Jeffrey A. Cogan, Esq., Ltd.

Re: Washington State Law

Actually, he is the one that has to sign not you. He would however have to pay a transfer tax. In Nevada it is 1/2 of 1%. He might also have to pay a federal gift tax if the value of the transfer is over $12,000. Thus, if his equity is over $24,000, he will have to pay a tax or pay an accountant to file a return that says he is using the unified credit.

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Answered on 5/29/09, 3:05 pm


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