[WSBAPT] Uniform transfers to minor act

[Lovie Bernardi]

Thanks! 

 

From: wsbapt-bounces at lists.wsbarppt.com
[mailto:wsbapt-bounces at lists.wsbarppt.com] On Behalf Of Mike Winslow
Sent: Tuesday, July 19, 2016 2:58 PM
To: 'WSBA Probate & Trust Listserv'
Subject: Re: [WSBAPT] Uniform transfers to minor act

 

 

RCW 11.114.060

Other transfer by fiduciary.

(1) A personal representative or trustee may make an irrevocable
transfer to an adult or trust company for the benefit of a minor
pursuant to RCW 11.114.090
<http://app.leg.wa.gov/RCW/default.aspx?cite=11.114.090> , in the
absence of a will or under a will or trust that does not contain an
authorization to do so, but only if:

(a) The personal representative or trustee, or the court if an order is
requested under (c) of this subsection, considers the transfer to be in
the best interest of the minor;

(b) The transfer is not prohibited by or inconsistent with provisions of
the applicable will, trust instrument, or other governing instrument;
and

(c) The transfer is authorized by the court if it exceeds thirty
thousand dollars in value.

The personal representative, the trustee, or a member of the minor's
family may select the custodian, subject to court approval. The personal
representative or trustee may serve as custodian, provided he or she
falls within the class of persons eligible to serve as custodian under
RCW 11.114.090 <http://app.leg.wa.gov/RCW/default.aspx?cite=11.114.090>
(1).

(2) A member of the minor's family may request that the court establish
a custodianship if a custodianship has not already been established,
regardless of the value of the transfer.

 

Michael A. Winslow

1204 Cleveland Ave.

Mount Vernon, WA 98273

Ph. 360-336-3321

Em. Mike at winslegal.com

 

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upon request.

 

From: wsbapt-bounces at lists.wsbarppt.com
[mailto:wsbapt-bounces at lists.wsbarppt.com] On Behalf Of Lovie Bernardi
Sent: Tuesday, July 19, 2016 2:36 PM
To: wsbapt at lists.wsbarppt.com
Subject: [WSBAPT] Uniform transfers to minor act

 

Listmates,

 

Does the PR have the authority to transfer a specific cash bequest to a
custodian (the parent) for an 18 year old heir if there is no uniform
transfer to minors act clause in the will that appoints a custodian?

 

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> 

http://fb-lawfirm.com <http://sbfirm.com/> 

 

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