[WSBAPT] Liquidation of Investment Portfolio

[Bryce Dille]

If you find an expert who is willing to opine on what the market is going to do over the next 6 months or so I'm sure most of us on the list serve would like to know. Have you talked to the non profits as to what they want as to their distributive share. Most of the non-profits I represent are in very conservative income producing products such as government backed securities and or bonds.

Bryce H. Dille | Attorney at Law
Dille Law, PLLC
P: 360-350-0270 | F: 844-210-4503
2010 Caton Way SW, Suite 101
Olympia, Washington 98502
www.dillelaw.com<http://www.dillelaw.com/>

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From: wsbapt-bounces at lists.wsbarppt.com <wsbapt-bounces at lists.wsbarppt.com> On Behalf Of Carrie M. Kovacevich
Sent: Thursday, September 19, 2019 3:55 PM
To: 'WSBA Probate & Trust Listserv' <wsbapt at lists.wsbarppt.com>
Subject: [WSBAPT] Liquidation of Investment Portfolio

Dear Colleagues:

A PR is considering whether to liquidate a large investment portfolio due to current events and concerns about a recession.  The portfolio has performed well.  We are within 6-8 months of completing the probate and distributing to beneficiaries.  The beneficiaries of the investment portfolio are a number of nonprofits.

The PR is not qualified, nor am I, to make the decision regarding liquidation.  I have to consider that this decision may come before the court.  I believe it would be more defensible if an expert, such as an economist, provided an opinion, rather than rely on the portfolio's current investment advisor or another financial advisor.

What are your thoughts?  Is there an expert at the University of Washington or elsewhere that you would recommend?

Carrie

Carrie M. Kovacevich
Attorney at Law
Lakeview Law, PLLC
1001 4th Avenue, Suite 4400
Seattle, Washington  98154
Office:  (206) 367-6962
E-mail:  carrie at lakeviewlaw.com<mailto:carrie at lakeviewlaw.com>
Web:  www.lakeviewlaw.com<http://www.lakeviewlaw.com/>

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