[SPAM] RE: [WSBAPT] Est Planning for Minor

[Paul Neumiller]

Thank you for your thoughts.  

 

 

 

From: wsbapt-owner at lists.wsbarppt.com
[mailto:wsbapt-owner at lists.wsbarppt.com] On Behalf Of Beth McDaniel
Sent: Tuesday, July 22, 2014 12:18 PM
To: wsbapt at lists.wsbarppt.com
Subject: [SPAM] RE: [WSBAPT] Est Planning for Minor

 

Have you explored UTMAs or 529 Plans?  I am no expert on whether such
asset would make the niece financially ineligible for loans, but I could
only surmise that they would be a consideration.

 

Beth A. McDaniel

Law Offices of Beth A. McDaniel, PLLC

272 Hardie Avenue SW

Renton, WA 98057

(425) 251-8880

fax:(425) 336-2505

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

 <mailto:beth at bethmcdaniel.com> beth at bethmcdaniel.com

 

This communication contains confidential information and may be
attorney/client privileged.  If you are not the intended recipient, or
believe you have received this communication in error, please reply to the
sender stating that fact and delete the copy you received.

 

From: wsbapt-owner at lists.wsbarppt.com
[mailto:wsbapt-owner at lists.wsbarppt.com] On Behalf Of Paul Neumiller
Sent: Tuesday, July 22, 2014 12:13 PM
To: wsbapt at lists.wsbarppt.com
Subject: [WSBAPT] Est Planning for Minor

 

No sure how to handle this situation or if it can be done.  New estate
planning client (unmarried and no children) diagnosed with terminal
illness.   She wants to leave a certain money account to a 14 year old
niece to be used for college but doesn’t want the minor’s
(“money-grabbing”) mother to get access to the account.  She wants to
avoid probate (of course) so my usual testamentary trust for minors will
not work.  Client has a sister who is willing to be a trustee if we
establish a trust. Maybe the answer is just establish a trust now and fund
it with the money account.  

 

Any ideas out there?  Also, the client asks if the existence of the
“college trust account” will disqualify her niece for students loans and
scholarships.  

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All opinions and comments in this message represent the views of the
author and do not necessarily have the endorsement of the Washington State
Bar Association nor its officers or agents. 

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with the following in the body of the message: unsubscribe wsbapt - OR -
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Information provided on this list should not be considered legal advice.
As with all lists - let the reader beware! No warranties or
representations are made as to the accuracy of any information provided.
All opinions and comments in this message represent the views of the
author and do not necessarily have the endorsement of the Washington State
Bar Association nor its officers or agents. 

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