[WSBAPT] Fiduciary Referral

[Marcus Fry]

Brent:
The problem is that current Medicaid rules do not allow for compensation of power of attorney from the principal’s income.  As such, in order to get a professional fiduciary to take the position, you will likely need a guardian (and in 2021, a conservator).

To take the load off in the meantime, most facilities will agree to become rep payee for Social Security and will hold the monthly personal needs allowance in a trust account for the client.  This would lessen the load that the existing POA has in managing the finances, essentially making the POA just for healthcare, unless of the course the POA wants to remain in charge.

Marcus J. Fry
Lyon, Weigand & Gustafson, P.S.
P.O. Box 1689
Yakima, Washington  98907
Telephone:  (509) 248-7220
Facsimile:  (509) 575-1883

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From: wsbapt-bounces at lists.wsbarppt.com [mailto:wsbapt-bounces at lists.wsbarppt.com] On Behalf Of Brent Williams-Ruth
Sent: Wednesday, January 22, 2020 2:44 PM
To: WSBA Probate & Trust Listserv
Subject: [WSBAPT] Fiduciary Referral

Greetings Hive Mind of Knowledge and Resources:

Need to find a recommendation to be the fiduciary for a woman who is not well, still cognizant enough to execute a new POA (as her old POA-Agent is needing to relinquish her duties).

Here is the basic run down: Principal is 64/65, some mental health issues, but not to level of needing a guardian. Looking for someone to ensure that the SS check has arrived, pay monthly bills. The existing Agent is looking to plan ahead so this person won't be left in a dire situation if they pass.

Principal is on medicaid so resources are limited. Principal is in a facility in Auburn.

Appreciate any referrals.

Thank you!
Brent


Brent Williams-Ruth
Attorney-At-Law

Law Offices of Brent Williams-Ruth, a division of BWR Consulting, PLLC

Office/Scheduling Phone: (425) 830-5134

Direct Mobile: (206) 889-7919

e-mail<mailto:Brent at Williams-RuthLaw.com> / website<http://www.Williams-RuthLaw.com/> / facebook<http://www.facebook.com/bwrconsults> /

As of July 1, 2019 - I began operating as the Law Offices of Brent Williams-Ruth a division of BWR Consulting, PLLC. Please note the new points of contact Brent at Williams-RuthLaw.com and www.Williams-RuthLaw.com<http://www.Williams-RuthLaw.com>
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