[WSBAPT] Co-Personal Representatives

[Josh Grant]

With my also over 40 + years, I just really push for alternate PR’s and not co-PR’s when I do a Will... secondarily because of the Banks, but primarily that the costs of administration explode when 2 PR’s disagree about anything.

From: Heather deVrieze 
Sent: Thursday, December 21, 2017 12:15 PM
To: WSBA Probate & Trust Listserv 
Subject: Re: [WSBAPT] Co-Personal Representatives

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



3909 California Avenue SW

Seattle, WA 98116-3705                          

(206)938-5500 

heatherd at westseattlelaw.com 

www.westseattlelaw.com 

Click here to connect with de Vrieze | Carney on Facebook:   

 

CONFIDENTIAL & PRIVILEGED. This e-mail message may contain legally privileged and/or confidential information.  If you have received this e-mail in error, please notify the sender immediately and delete all copies of this e-mail message and any attachment.

 

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

 



Timothy L. Austin

Direct Dial: (425) 450-3307| Fax: (425) 450-3310

Email: taustin at nwtaxlaw.com| Website: www.bettsaustin.com

 

Street Address:                                           Mailing address:

11120 NE 2nd Street - Suite 200                P.O. Box 53050   

Bellevue, WA 98004                                   Bellevue, WA 98015-3050                        

 



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