[WSBAPT] Special Needs Trustee - Uneconomical Trust?

[Barbara Byram]

Greetings;

You have to be a DDA client to use the LOT.  Look at LA+ as an option.

Cheers, Barbara Byram

From: wsbapt-bounces at lists.wsbarppt.com [mailto:wsbapt-bounces at lists.wsbarppt.com] On Behalf Of Setareh Mahmoodi
Sent: Friday, January 29, 2016 2:31 PM
To: WSBA Probate & Trust Listserv
Subject: Re: [WSBAPT] Special Needs Trustee - Uneconomical Trust?

You could see if the beneficiary qualifies for a LOT, it would take out alot of the guess work for SNT and costs associated with it and/or finding a trustee to manage a small trust.

http://www.ddlot.org/

On Fri, Jan 29, 2016 at 2:20 PM, Katharine P. Bauer <kpb at bpblegal.com<mailto:kpb at bpblegal.com>> wrote:
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<mailto: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<http://www.hawkeslawfirm.com/>
206 367 5000<tel:206%20367%205000>
Fax is 206 367 4005<tel:206%20367%204005>

From: Paul Grant [mailto:paulnnepa at gmail.com<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<tel:425-939-9948>
www.planningwithpurposeinc.com<http://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<tel:360.754.1976>
fax. 360.943.4427<tel:360.943.4427>

e-mail: kpb at bpblegal.com<mailto:kpb at bpblegal.com>

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Please always call 206-683-1006 or email before dropping by the office as I could be in court or meetings. Thanks!

Best regards,



Setareh Mahmoodi

Attorney at Law

18222 104th Ave NE, Suite 103

Bothell, WA 98011

Phone: 425-806-1500

Cell: 206-683-1006

Fax: 425-489-4142 (Please email documents if at all possible)

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