[WSBAPT] Special Needs Trustee - Uneconomical Trust?

[Katharine P. Bauer]

Consider Testator's intent before dissolving trust and giving
outright....using TEDRA

On Fri, Jan 29, 2016 at 1:49 PM, Roger Hawkes <Roger at law-hawks.com> wrote:

> LA Plus does small pooled trusts.  Failing that, you might try a TEDRA
> dissolving the trust.
>
>
>
>
>
> Roger Hawkes, WSBA # 5173
>
> 19909 Ballinger Way NE
>
> Shoreline, WA 98155
>
> www.hawkeslawfirm.com
>
> 206 367 5000
>
> Fax is 206 367 4005
>
>
>
> *From:* Paul Grant [mailto:paulnnepa at gmail.com]
> *Sent:* Friday, January 29, 2016 1:25 PM
> *To:* Probate & Trust Listserv
> *Subject:* [WSBAPT] Special Needs Trustee - Uneconomical Trust?
>
>
>
> I have a well-intended client that recently passed and she set up a SNT in
> her will for her son who is an addict and on social benefits.  Ultimately,
> client spent most of her money and now a paltry $18k remains for the
> trust.  I am thinking that this is too small a sum for a trustee to assume,
> let alone for it to last a reasonable time to fully set up the trust.
>
>
>
> First:  any SNT trustees out there that would take on such a sum or,
>
> Second: is this an appropriate distribution through RCW 11.98.070(32) for
> the current trustee (sister who wants out and is only trustee for the
> initial administration of the set up, gathering, electing new trustee, etc)
> to fully end the trust and simply give it outright?
>
>
>
> Your collective thoughts are very appreciated.
>
>
> Paul H. Grant - JD, LL.M
>
> Planning with Purpose, Inc
> Lynnwood, WA 98036
> 425-939-9948
> www.planningwithpurposeinc.com
>
> Estate Planning. Business Planning. Wealth Succession.
>
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>



-- 
Katharine P. Bauer
Bauer Pitman Lifetime Legal, PLLC
1235 Fourth Ave. East, Suite 200
Olympia, Washington 98501
tel. 360.754.1976
fax. 360.943.4427

e-mail: kpb at bpblegal.com

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