[WSBAPT] Court waiving bond? --- Bond Denied?

[Roger Hawkes]

Richard: contact info for the LA company would be valuable for my
unbondable clients.

 

Roger Hawkes, WSBA # 5173

19909 Ballinger Way NE

Shoreline, WA 98155

 <http://www.hawkeslawfirm.com> www.hawkeslawfirm.com

206 367 5000

Fax is 206 367 4005

 

From: Richard Wills [mailto:richardwills at washington-probate.com] 
Sent: Tuesday, August 19, 2014 8:12 AM
To: wsbapt at lists.wsbarppt.com
Subject: [WSBAPT] Court waiving bond? --- Bond Denied?

 

I'd like to mention several alternatives available if the Court orders
Bond for a PR who is not bondable --- needless to say, I've had my share
of them.

1.  Cash Bond:  Depositing cash in the amount of the Bond into the Court
Registry.  This won't work for many unbondable clients, but amazingly,
I've had a number of them who can scrape up $10,000 from family members.
The $10K stays in the Court until the probate closes, & then you have to
move the Court for an Order releasing the cash.

2.  Limited PR:  I've never seen this done elsewhere; it was my own
invention.  I move the Court to appoint my client as the General PR to
handle everything except the money & me as a Limited PR to handle only the
money, for example, D's & now the estate's bank account, & with an order
that all proceeds of estate asset sales are to be deposited into the Court
Registry & with me to obtain the Bond, typically, $10K although
occasionally more.  I get the Bond & become the estate's banker.  I've
done this several times without problems from either the Court, the
bonding company, or the client --- & it keeps my client running the show
except for $$$ issues.

3.  Lastly, although I don't recall its name, a CA client of mine found a
bonding company in LA that I've repeatedly used when the local bonding
companies I used (ie, Spino & Griffin Maclean) decline, & this bonding
company appears to be willing to bond just about anybody --- I can't
recall its ever turning down any of my more marginal clients (although
their typical $10K Bond costs more than the $100 charged by Spino etc.).



On 8/18/2014 2:02 PM, Bryce Dille wrote:

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