[WSBAPT] Schwab Refuses to Recognize Community Property Agreement

[Jamia Burns]

Thank you Jenny!

Jamia S. Burns
Attorney at Law - Estate Planning
360-739-6379
www.jamiaburnslaw.com
jamia at jamiaburnslaw.com
Mail: P.O. Box 29453
Bellingham, WA 98228
Office: 1200 Dupont Street, Ste. 1-D
Bellingham, WA 98225 (by appointment only)

On Fri, Mar 13, 2020, 9:28 PM <jcrspicatto at gmail.com> wrote:

> When your client is present, has the relevant account numbers/statements
> with her, and can verify her identity on the phone, Call Schwab’s estate
> helpline at 1-888-297-024.  Be very patient and understand that the person
> you are talking to is not a lawyer.  Explain that Washington has a special
> procedure for surviving spouses that is similar to a small estate
> affidavit.  An estate specialist should be assigned to your client’s case.
> Once you know who that person is, then you can communicate via mail if not
> by phone.  Use a cover letter to explain the law as to CPAs.  Look at the
> statutes that authorize CPAs and authenticate their use.  Just like durable
> powers of attorney, there is statutory authorization for use of an
> affidavit to certify the CPA and adverse consequences to the financial
> institution if it does not recognize the CPA + Affidavit.  Probate is not
> required.
>
>
>
> Jenny Rydberg, JD
>
> 206-550-5491
>
>
>
> *From:* Jamia Burns <jamia at jamiaburnslaw.com>
> *Sent:* Friday, March 13, 2020 11:45 AM
> *To:* WSBA Probate & Trust Listserv <wsbapt at lists.wsbarppt.com>
> *Subject:* [WSBAPT] Schwab Refuses to Recognize Community Property
> Agreement
>
>
>
> My client's husband died. They had a joint account at Schwab, but
> apparently no right of survivorship on the types of accounts and no named
> beneficiaries. They have a signed community property agreement. Charles
> Schwab will not recognize it and is requiring Probate. Any advice greatly
> appreciated!
>
>
>
> Respectfully,
>
>
> Jamia S. Burns
> Attorney at Law
> (360) 739-6379
>
> Office: 1200 Dupont St., Suite 1-D
>
> Bellingham, WA 98225 (By Appointment Only)
>
> Mail: P.O. Box 29453
>
> Bellingham, WA 98228
>
> jamia at jamiaburnslaw.com
>
> www.jamiaburnslaw.com
>
>
>
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