[WSBAPT] Change in Beneficiaries on Irrevocable Trust

[Samuel M. Meyler]

Hi Diane,

 

It is "irrevocable."  The trust does specifically provide for limited powers
to amend and states, "The Settlor shall have the power to change the
Beneficiaries, the terms of the individual Trusts to take into account the
unique needs or abilities of the Settlor's children or grandchildren, to
make disproportionate distributions to the Settlor's children or
grandchildren; Provided however, that this limited right of revision shall
NOT be exercisable in a manner that will result in any direct or indirect
benefit to the Settlor nor shall such limited right of revision be
exercisable by the Trustee or any other person/entity acting for or on
behalf of the Settlor."

 

Does this still have to go through TEDRA if the trust specifically provides
for this ability to change the beneficiaries?  

 

 

Samuel M. Meyler

Meyler Legal, PLLC 

1700 Westlake Ave. N., Ste. 200

Seattle, Washington 98109

Tel:  206.876.7770

Fax:  206.876.7771

Email:   <mailto:samuel at meylerlegal.com> samuel at meylerlegal.com

  

NOTICE:

 

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From: wsbapt-bounces at lists.wsbarppt.com <wsbapt-bounces at lists.wsbarppt.com>
On Behalf Of Diane J. Kiepe
Sent: Monday, March 30, 2020 3:20 PM
To: WSBA Probate & Trust Listserv <wsbapt at lists.wsbarppt.com>
Subject: Re: [WSBAPT] Change in Beneficiaries on Irrevocable Trust

 

First question is did you mane to say "irrevocable" if so then it can only
be done by TEDRA and with agreement the proper parties, which means telling
old/new benes of the change (I've done it twice).  If you meant revocable,
that means a completely different thing.

 

Happy to help if I can,

 

 

Diane J. Kiepe

 

Diane J. Kiepe

Douglas Eden

717 W. Sprague Ave.

Suite 1500

Spokane, WA  99201

djkiepe at depdslaw.com <mailto:djkiepe at depdslaw.com> 

509-455-5300

 

 

 

 

From: wsbapt-bounces at lists.wsbarppt.com
<mailto:wsbapt-bounces at lists.wsbarppt.com>
<wsbapt-bounces at lists.wsbarppt.com
<mailto:wsbapt-bounces at lists.wsbarppt.com> > On Behalf Of Samuel M. Meyler
Sent: Monday, March 30, 2020 10:15 AM
To: wsbapt at lists.wsbarppt.com <mailto:wsbapt at lists.wsbarppt.com> 
Subject: [WSBAPT] Change in Beneficiaries on Irrevocable Trust

 

Listmates,

 

Can someone share a sample amendment to change beneficiaries/disbursements
under an irrevocable living trust and let me know if there is anything that
I need to watch out for?  Thank you in advance!

 

 

Samuel M. Meyler

Meyler Legal, PLLC 

1700 Westlake Ave. N., Ste. 200

Seattle, Washington 98109

Tel:  206.876.7770

Fax:  206.876.7771

Email:   <mailto:samuel at meylerlegal.com> samuel at meylerlegal.com

  

NOTICE:

 

This electronic message contains information which may be Confidential or
Privileged and constitutes an electronic communication within the meaning of
the Electronic Communications Privacy Act 18 USC 2510. The information is
intended to be for the use of the individual or entity named above.  If you
are not the intended recipient, please be aware that any disclosure,
copying, distribution or use of the contents of this information is
prohibited.  If you received this transmission in error, please notify the
sender and delete the copy you received together with any attachments.
Thank you.

 

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