[WSBAPT] gift of stock include dividends accrued but not paid?

[Jayne Gilbert]

I would think that the bequest vested at death, so any post death dividends
would go to the Beneficiary

On Wed, Mar 15, 2017 at 3:37 PM, Josh Grant <jgrant at accima.com> wrote:

> Hi Again.
>
> I am helping a PR with a probate of a will which states in part:  “I give
> and bequeath all stock investments which I own at my death... to
> nephews”...  All Rest and Residue to a different beneficiary.  About $4000
> in dividends received after date of death.
>
>   Do we assume that only the principle stock was “owned” by decedent and
> not send any of the dividends to the nephews, i.e. dividend isn’t “owned”
> until received,  OR, do we calculate and pro-rate the dividends for the
> period before and after the DOD and give the specific legatee (I don’t
> think there is such a word as a  bequeathee  even though there is such a
> thing as a devisee??) the prorated amount accrued up to the DOD?  And of
> course it is possible the market went up or down at different rates during
> the last quarter, but I hope we don’t have to track that to the DOD?
>
> Other ideas.
>
> Josh
>
> Joshua F. Grant, PS
> Attorney at Law
> P. O. Box 619
> Wilbur, WA 99185
> tel 509 647 5578
> fax 509 647 2734 <(509)%20647-2734>
>
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-- 
*************************************************
Jayne Marsh Gilbert
Gilbert and Gilbert Lawyers, PS
(360) 336-9515
*************************************************
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