[WSBAPT] Specific gift result if estate not large enough

[Dominique Zervas]

CONFIDENTIAL INFORMATION  DO NOT read, copy or disseminate this communication unless you are the intended addressee.  This email communication contains confidential and privileged information intended only for the addressee.  If you have received this email in error, please delete it and notify the sender immediately.  Thank you.



Hi Rich – I would write it so that it includes the alternative scenarios that concern you—the “what ifs”—and then, following further consult with the client, say what happens if/when those scenarios occur.

If you have any questions, please let me know.

Sincerely,

Dominique Zervas





ZERVAS LAW, PS
1909 Broadway
Bellingham, WA 98225
360.733.2010
http://zervaslaw.com<http://zervaslaw.com/>

Exceptional Service – Meaningful Solutions
Real Estate • Land Use • Business Formation • Estate Planning & Probate

From: wsbapt-bounces at lists.wsbarppt.com <wsbapt-bounces at lists.wsbarppt.com> On Behalf Of Rich McEntee
Sent: Monday, March 25, 2019 3:21 PM
To: wsbapt at lists.wsbarppt.com
Subject: [WSBAPT] Specific gift result if estate not large enough

Hello

Hopefully this is not an annoyance as I have posted to two listserves


I have a client who was widowed about a year ago. At the husband’s death, 1/2 of a community condo passed to one of the client’s 3 sons. The client’s desire is to pass the remainder of the condo to the son who owns the half. In order to equalize the estate, she wishes to give a sum of money to the other two sons. At present, the estate is large enough that there should be no issue with the bequest of the cash. However, I am attempting to sort through what would be the result if the client passes away and the estate still owns the condo but does not have enough money to pay the cash bequests? I am not certain that the interest in the condo is truly equivalent to the share of cash that each other brother is to receive. Without any specific direction, how would this sort itself out? Any thoughts?


Thank you
Rich

RICH McENTEE
McENTEE LAW OFFICE
3800 Bridgeport Way W, Ste A411<x-apple-data-detectors://1/1>
University Place, WA 98466<x-apple-data-detectors://1/1>
253.227.9894<tel:253.227.9894>(m)
jrmcentee at gmail.com<mailto:jrmcentee at gmail.com>
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://mailman.fsr.com/pipermail/wsbapt/attachments/20190326/3005d60c/attachment.html>