[WSBAPT] Trust has not distributed assets

[Marvin Benson]

Sorry about  confusing the situation.  The term 'property' refers to the
real property itself.

On Tue, Dec 22, 2020 at 12:46 PM Mark Vohr <mcv at ohanafc.com> wrote:

> Marvin:
>
>
>
>             I’m a little confused as to the whether we are talking about
> transferring real property or the income interest.  Is the term “property”
> as used in your query meant to refer to the income interest or the actual
> real property itself.
>
>
>
> Regards,
>
>
>
> Mark
>
>
>
> Mark C. Vohr, Esq.
>
> Ohana Fiduciary Corp.
>
> Ohana Financial Services
>
> A Washington Trust Company
>
> Mark C. Vohr, J.D., CPG, Principal
>
> PO Box 33710  Seattle, WA  98133
>
> T:  (206) 782-1189 F:  (206) 782-1434
>
> mcv at ohanafc.com      www.ohanafc.com
>
>
>
> *From:* wsbapt-bounces at lists.wsbarppt.com <
> wsbapt-bounces at lists.wsbarppt.com> *On Behalf Of *Marvin Benson
> *Sent:* Tuesday, December 22, 2020 12:11 PM
> *To:* WSBA Probate & Trust Listserv <wsbapt at lists.wsbarppt.com>
> *Subject:* [WSBAPT] Trust has not distributed assets
>
>
>
> Dear Listmates
>
>
>
> My client is a grandchild of original trustors in another state, and I
> think the same basic legal principles apply.
>
> Trustors put income producing property in trust with the directions to
> distribute property to their children in equal shares, and if a child dies
> before them, to pass to the children of the deceased child.
>
> Trustors died over 20 years ago.  The successor trustees have kept
> managing the property and distributing the income.  One child has died.
> And now deceased child's children receive equal shares of their deceased
> parent's share.
>
> Grandchild, who is my client, wants to set up a revocable living trust.
>
> My question is : (if this were Washington real property) how should we
> transfer grandchild's interest to grandchild's trust?
>
>
>
> Thank you
>
>
>
> Marvin Benson
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