[WSBAPT] UTMA

Tue Dec 4 15:52:30 PST 2018

Or ask to place the funds in the registry of the court.  The minor can
bring proof of age and come get the money upon his/her 18th birthday.

*Marsha C. Hudson*
Attorney at Law #23330

3221 NW 62nd Street, Seattle, WA  98107

Telephone: 206-297-3933

Fax: 206-357-9356
marsha at griffyn.us

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others? -* Martin Luther King, Jr.

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*From:* wsbapt-bounces at lists.wsbarppt.com [mailto:
wsbapt-bounces at lists.wsbarppt.com] *On Behalf Of *Dalynne Singleton
*Sent:* Tuesday, December 4, 2018 3:49 PM
*To:* WSBA Probate & Trust Listserv <wsbapt at lists.wsbarppt.com>
*Subject:* Re: [WSBAPT] UTMA

Why not Purchase a cd to expire when minor turn 18.

Get Outlook for iOS <https://aka.ms/o0ukef>

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*From:* wsbapt-bounces at lists.wsbarppt.com on behalf of Roger Hawkes <
roger at law-hawks.com>
*Sent:* Tuesday, December 4, 2018 12:53 PM
*To:* WSBA Probate & Trust Listserv
*Subject:* Re: [WSBAPT] UTMA

Trying to finish a probate by distribution of assets to a 17 year old; the
cash is in the hundreds of dollars and the Series EE bonds are also only a
few hundred dollars.  Jumping through hoops is not what I want to do; but
mother/surviving of child is hostile to PR and not reliable.  Anything
creative and/or easy to do???  PR client just wants it done; and does not
want to wait till child is 18.

*From:* wsbapt-bounces at lists.wsbarppt.com <wsbapt-bounces at lists.wsbarppt.com>
*On Behalf Of *Nicholas Pleasants
*Sent:* Monday, December 3, 2018 4:52 PM
*To:* wsbapt at lists.wsbarppt.com;
solo-and-small-practice-section at list.wsba.org
*Subject:* Re: [WSBAPT] UTMA

Hi Jim,

You can obtain an Order lifting the UTMA limits from $30,000 for good cause
shown. In King County, it would be an ex parte Order. Commissioner Judson
has a good grasp of these issues.

I’ve attached some materials I presented at a CLE a few months back that
should shed a bit of light on it.

*Nicholas Pleasants*

James Pleasants, P.C.
2300 130th Ave NE, Suite A-101
Bellevue, WA 98005-1755
(425) 615-7070 tel.
(425) 497-0799 fax
nick at pleasantslaw.com

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*From:* James B. Dolan <jbdolan at jbdolan.com>
*Sent:* Monday, December 03, 2018 3:43 PM
*To:* wsbapt at lists.wsbarppt.com;
solo-and-small-practice-section at list.wsba.org
*Subject:* [WSBAPT] UTMA

Hello:

Insurance company is demanding that a guardian be appointed for a 17 year
old son of decent in order to receive $50,000 payout from life insurance
policy.  (We already have a probate GAL, but do not want to go through a
guardianship proceeding just for this purpose, as son will be 18 in ten
months.)

I’m hoping for a quick answer before reading through the statute: Can
anyone offer a quick opinion - are UTMA transfers/accounts limited to
$25,000, as per the insurance company?

Thanks in advance,

Jim Dolan

===================

*Jones Butler Dolan, PS*

*www.jbdolan.com <http://www.jbdolan.com>*

*www.jonesbutlerdolan.com <http://www.jonesbutlerdolan.com>*

*Mount Vernon*

P.O. Box 2784

415 Pine Street

Mount Vernon, WA 98273

Telephone: 360-336-2939

Facsimile: 360-336-2949

*Stanwood*

P.O. Box 458

10027 - 269th Place NW (SR 532)

Stanwood, WA 98292

Telephone: 360-629-3833

Facsimile: 360-629-6253

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