[WSBAPT] Promissory note assignment to DSHS

[Heather deVrieze]

I would draft it as a receipt in satisfaction of claim.

"DSHS accepts XXXX as payment in satisfaction of claim." If they are getting dollars from an estate, but it is not full payment, that is still how I would word it.


Heather S. de Vrieze
Attorney-at-Law
[cid:image001.jpg at 01D013C2.30F35160]
3909 California Avenue SW
Seattle, WA 98116-3705
(206)938-5500
heatherd at westseattlelaw.com<mailto:heatherd at westseattlelaw.com>
www.westseattlelaw.com<http://www.westseattlelaw.com/>

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From: wsbapt-bounces at lists.wsbarppt.com [mailto:wsbapt-bounces at lists.wsbarppt.com] On Behalf Of Lovie Bernardi
Sent: Thursday, April 28, 2016 1:06 PM
To: wsbapt at lists.wsbarppt.com
Subject: [WSBAPT] Promissory note assignment to DSHS

Listmates,

I am administering a probate with a DSHS creditor's claim. The largest asset in the estate is a promissory note and DSHS has agreed to accept an assignment of the note as part of the payment of the claim. I have drafted the appropriate assignment documents. I am drafting a Receipt for Partial Payment of Creditor's Claim. I am wondering how to draft it to make sure that regardless of whether the maker of the note continues to make payments, the estate has satisfied the claim in an amount equal to the value of the note at the time of the assignment. Is putting in the value of the note enough, or should I add anything else? Thanks for your input.

Lovie L. Bernardi
Flaherty & Bernardi, PLLC
216 First AVE S, #450
Seattle, WA  98104
(206) 682-2616

lovie at fb-lawfirm.com<mailto:joni at sbfirm.com>
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