[WSBAPT] jtwros account intended to go to multiple kids

[Paul H. Grant]

I would gift and file - disclaimers are messy and rarely work as intended - be careful w a disclaimer.

Sent from my iPhone ~ Paul H. Grant

> On Jan 5, 2016, at 9:19 AM, Krista MacLaren <kjm.inc at mac.com> wrote:
> 
> Hi Listmates,
> 
> I have a potential client whose mother died.  No Will, no real estate, only non-probate accounts.  There are two children of decedent - client and sibling.  For convenience, Mom made client a joint owner on her investment accounts, held JTWROS.  This is the bulk of the estate, nearly $500,000.  Client ntends to pay his sister her half, but i am wondering how he should do that.  We don’t want him to have to gift the money to sister.  If he disclaims half, then would a probate be required because it would then be in the estate?  What is the best way to handle this situation?  I have never handled this for such a large account.
> 
> Thank you!
> 
> Krista J. MacLaren
> Attorney at Law
> 9725 3rd Ave NE, Suite 600
> Seattle, WA 98115
> (206) 523-6116
> 
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