[WSBAPT] Co-Personal Representatives

[Heather deVrieze]

I have found this to be true for a number of years now, and is one reason that I continue to advise clients against naming co-prs in their wills. There are a few banks that will still do this, but I can’t remember which ones. For the most part, when I have co-prs nominated in a will come to see me for probate, I advise them to decide who wants to step aside and who will act alone, it just works so much better having solo prs.

Heather

Heather S. de Vrieze
Attorney-at-Law
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3909 California Avenue SW
Seattle, WA 98116-3705
(206)938-5500
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www.westseattlelaw.com<http://www.westseattlelaw.com/>
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From: wsbapt-bounces at lists.wsbarppt.com [mailto:wsbapt-bounces at lists.wsbarppt.com] On Behalf Of Timothy L. Austin
Sent: Thursday, December 21, 2017 10:48 AM
To: WSBA Probate & Trust Listserv <wsbapt at lists.wsbarppt.com>
Subject: [WSBAPT] Co-Personal Representatives

Listmates,

I have an estate with 2 Co-PRs, and am in the process of assisting them in setting up an estate checking account. The national bank with which I am dealing indicates that they believe that joint signatures would be required on the account. That said, they also indicated that the bank cannot accommodate a multiple signature account. Further, they will not set up an account requiring just a single signature absent a court order.  I’ve never encountered this problem in the past, but then again, I’ve only been practicing for 40+ years.  Are there any reasonable banks left out there, or failing that, what is the best work-around?

Regards,

Tim

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Timothy L. Austin
Direct Dial: (425) 450-3307| Fax: (425) 450-3310
Email: taustin at nwtaxlaw.com<mailto:taustin at nwtaxlaw.com>| Website: www.bettsaustin.com<http://www.bettsaustin.com/>

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