[WSBAPT] Distribution of minor's share to blocked account

Melinda mkgroutlaw at gmail.com
Fri Mar 11 11:37:51 PST 2016


Have not met a bank yet who would not do this - will need to see a court order spelling out these conditions. 

Misspelled from my iPhone

Melinda

Law Office of Melinda K Grout
PO Box 1360
Monroe, WA 98272
(360) 794-4322. Tel
(425) 744-6745. Fax

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> On Mar 11, 2016, at 9:53 AM, Jon M. Fritzler <fritzlerlaw at outlook.com> wrote:
> 
> I represent the PR of an estate in which one of the beneficiaries is a minor. The minor’s share of the estate is relatively small (less than 15k). There don’t appear to be any trustworthy persons available to serve as a custodian under a UTMA account and the PR doesn’t want to serve as custodian herself.   Fortunately, another option exists. RCW 11.76.095(1) provides that a minor’s share can be distributed to an account “for the benefit of the minor subject to withdrawal only upon order of the court in the original probate proceeding, or upon said minor’s attaining the age of eighteen years and furnishing proof thereof satisfactory to the depositary.” Anyone know of particular banks that will or will not agree to such conditions? Does anyone have a form they are willing to share to have the bank sign? 
>  
> Sincerely,
> Jon M. Fritzler
> Attorney at Law
> PO Box 61451
> Vancouver, WA 98666
> Tel. 360.818.4431
> Eml fritzlerlaw at outlook.com
>  
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