[WSBAPT] probate petition where assets unclear

[Karl Flaccus]

You might get a funny look from the commissioner, but solvency can be a penny’s worth (an amount that has been successfully claimed in King County), and in some cases that’s about what it is.

Karl Flaccus

From: wsbapt-bounces at lists.wsbarppt.com [mailto:wsbapt-bounces at lists.wsbarppt.com] On Behalf Of Katharine P. Bauer
Sent: Monday, October 12, 2015 5:19 PM
To: cole-gilday at stanwoodlaw.net; WSBA Probate & Trust Listserv
Subject: Re: [WSBAPT] probate petition where assets unclear


I often use: " Assets exceed debt by at least $20,000" as a generic statement of solvency.  No need to put in other details and alert "observers" as to size of estate.
On Oct 12, 2015 4:59 PM, "Robert R. Cole" <cole-gilday at stanwoodlaw.net<mailto:cole-gilday at stanwoodlaw.net>> wrote:
In Snohomish County for the probate of a Will they accept very general statements (over $xx,xxx) but in an administration without a Will they want specifics.
Very Truly Yours,
Robert R. Cole
Law Office of Cole & Gilday, P.C.

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On 10/12/2015 3:02 PM, Melinda Grout wrote:

Happy Monday.



Petition to open probate would normally recite:  Estate includes:   Real property $ X, Personal Property $ X.



However PR does not yet know enough to provide even an estimate of value of estate (although PR is quite certain estate is solvent).   Therefore, a statement in the Petition, declared under penalty of perjury, that “Petitioner does not currently know the value of the probate estate, but believes, subject to further information, that assets including both real and personal property exceed liabilities” did not fly with the commissioner.



How would one handle this instead?









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