* SPAM *[WSBAPT] Financial Guardianship - funds left to minor

Thu Feb 13 11:30:20 PST 2014

I had a similar case, where the minor was named as beneficiary of father’s
life insurance policy.  We had to use a guardianship, and the court
approved the guardian-mother’s purchase of GET credits, which mostly used
up the money.  We closed the guardianship after two reporting periods.

Lisa E. Schuchman
206-325-2801
www.lisaschuchman.com <http://www.lisaschuchman.com/> 

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what you get when you don’t. -Pete Seeger

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From: wsbapt-owner at lists.wsbarppt.com
[mailto:wsbapt-owner at lists.wsbarppt.com] On Behalf Of Beth McDaniel
Sent: Thursday, February 13, 2014 11:26 AM
To: wsbapt at lists.wsbarppt.com
Subject: [SPAM] Re: *** SPAM ***[WSBAPT] Financial Guardianship - funds
left to minor

Please know too that the relevant rcw does allow five year reporting
periods.  I have such a case pending now where my client is the mother and
existing guardian of estate managing blocked funds for her minor children.
We are about ready to ask the court to enter an order transferring the
Guardianships to WA and are requesting five year review. To date, client
has not accessed the blocked funds.

Beth A. McDaniel

On Feb 13, 2014, at 10:20 AM, "Kokie Adams" <kadams at purcelladams.com>
wrote:

In the only case I have encountered with a similar fact pattern, the
mother of the minor had to apply for a full guardianship (the
ex-husband/father died intestate and estate went to minor daughter).  It
was a drag, but the funds were put into a blocked account and the mother
provided simple guardian reports to the court each year.

Kokie Adams

Purcell & Adams, PLLC

7127 - 196th Street S.W.

Suite 201

Lynnwood, WA  98036

425.774.0444 (phone)

425.771.2711 (fax)

From: wsbapt-owner at lists.wsbarppt.com
[mailto:wsbapt-owner at lists.wsbarppt.com] On Behalf Of G. (Gus) Benjamin
Lindsey III
Sent: Thursday, February 13, 2014 8:03 AM
To: wsbapt at lists.wsbarppt.com
Subject: *** SPAM ***[WSBAPT] Financial Guardianship - funds left to minor

Good morning,

I am wondering if anyone has ideas on the most efficient way of addressing
the below situation.

The PC’s mother died and left ¼ of the proceeds of a life insurance policy
to PC’s daughter, a minor. (The other beneficiaries are all adults.)

There was no probate of the mother’s estate due to its small value.  

The insurance company that has the money sent a letter to the minor
daughter indicating that something called a “court appointed financial
guardianship” or “Financial guardian document” is required to process the
claim. (So far the PC has not been able to determine exactly what is
needed.) I have not seen the letter yet.

I have not dealt with this issue before; is there’s a standard form for
this type of thing? I recall seeing a form down in King County which
allowed a guardian to access financial accounts for an incapacitated
person.  In this case, the PC just wants to put the money in another
account until the child reaches the age of maturity.

Does this require the parent to apply for a full guardianship? The PC
resides in Snohomish County.

Thanks in advance.

Sincerely,

G. (Gus) Benjamin Lindsey III

Attorney-at-Law

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