[WSBAPT] Solvent Estate?

[Donna Calf Robe]

Hi Jacob,
Yes, the estate is solvent because the assets in the living trust are responsible for debts.  As long as you have enough funds in the overall estate to cover the debts, the estate is solvent.

Donna

Donna M. Calf Robe
Attorney at Law
DUSSAULT LAW GROUP
2722 Eastlake Ave. E., Ste. 200
Seattle, Washington 98102-3143
Phone (206) 324-4300, extension 113
FAX (206) 324-3106

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From: wsbapt-bounces at lists.wsbarppt.com [mailto:wsbapt-bounces at lists.wsbarppt.com] On Behalf Of Jacob Menashe
Sent: Tuesday, March 22, 2016 12:33 PM
To: WSBA Probate & Trust Listserv
Subject: [WSBAPT] Solvent Estate?

Three facts I am considering: 1) $50,000 in probate assets. 2) $100,000 in debt. 3) $500,000 asset in a living trust. When I file the probate, can I say I have a solvent estate (probate and non-probate combined) and get non-intervention powers? I can't seem to put my finger on the answer. All help appreciated.  I'm surprised I haven't faced this before.

Sincerely,

Jacob


________________________
Jacob H. Menashe
Hickman Menashe, PS
4211 Alderwood Mall Blvd., Suite 202
Lynnwood, WA 98036
(425) 744-5658 phone
(425) 744-6078 fax
Satellite Office in Bellevue
www.hickmanmenashe.com


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