[WSBAPT] Trustee as Broker

[Lewis, Amy C.]

Typically the brokerage firm will not permit it's employees to serve as trustee and financial advisor.


Amy C. Lewis, Attorney

[cid:logo58db9b]

ESTATE PLANNING & PROBATE

1200 Wells Fargo Plaza | 1201 Pacific Avenue | Tacoma, WA 98402
phone 253.572.4500 | fax 253.272.5732 | www.eisenhowerlaw.com<http://www.eisenhowerlaw.com/>

From: wsbapt-bounces at lists.wsbarppt.com [mailto:wsbapt-bounces at lists.wsbarppt.com] On Behalf Of Karin Treadwell
Sent: Tuesday, January 12, 2016 2:53 PM
To: wsbapt at lists.wsbarppt.com
Subject: [WSBAPT] Trustee as Broker

Listmates:

Decedent's Living Trust names a long-time friend as Trustee, and specifically of the sub-Trust established there for the benefit of decedent's young adult son.

The friend named as Trustee also happens to be a financial advisor with a large brokerage firm, and had managed decedent's large stock account for several decades prior to death.

Son is concerned now about Trustee wearing both the investment advisor and Trustee hats.  Though it also appears this was decedent's plan.

Thoughts?

Karin
Karin S. Treadwell
Sayre Law Offices
1320 University St
Seattle WA 98101
(206) 625-0092



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