[WSBAPT] TIC/JTWROS

[Bryce Dille]

I have had the same experience and in most cases the bank employees will automatically set it up that way with no discussions as to the consequences unless they are instructed otherwise which causes problems if account set up between parent and one of the children for sole purpose of allowing child to write on the account for convenience purposes.

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Bryce H. Dille
Campbell, Dille, Barnett & Smith,  PLLC
P.O. Box 488
Puyallup, WA  98371
Voice:  253.848.3513
Fax: 253.845.4941
bryced at cdb-law.com<mailto:bryced at cdb-law.com>

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From: wsbapt-bounces at lists.wsbarppt.com [mailto:wsbapt-bounces at lists.wsbarppt.com] On Behalf Of Peterson, Eileen
Sent: Tuesday, March 17, 2015 1:40 PM
To: WSBA Probate & Trust Listserv
Subject: Re: [WSBAPT] TIC/JTWROS

Jacob;
I've actually had clients move financial institutions based on this "quirk."  I think the bank is afraid of liability.  Eileen

Eileen S. Peterson
Attorney at Law
T 253 620 6419
F 253 620 6565
Click here to follow Lars in ourTrusts & Estates Blog<http://www.gthestateplanning.com/>

From: wsbapt-bounces at lists.wsbarppt.com<mailto:wsbapt-bounces at lists.wsbarppt.com> [mailto:wsbapt-bounces at lists.wsbarppt.com] On Behalf Of Jacob Menashe
Sent: Tuesday, March 17, 2015 1:31 PM
To: WSBA Probate & Trust Listserv
Subject: [WSBAPT] TIC/JTWROS

A personal banker at a very large bank is insisting that a couple cannot have their bank checking/savings/CDs held other than as joint tenants with right of survivorship. She said she checked with her back office and because of a quirk in Washington law that's the bank's policy. I have not spoken with anyone but the personal banker. Before I pursue this further, I will ask this group, is there something I am missing? Have others had this problem?

Thanks,

Jacob

_________________________
Jacob H. Menashe
Hickman Menashe, PS
4211 Alderwood Mall Blvd., Suite 202
Lynnwood, WA 98036
(425) 744-5658 phone
(425) 744-6078 fax
www.hickmanmenashe.com


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