[WSBAPT] Common Disaster Clause and Life Insurance

[Heather de Vrieze]

Can a GAL execute a disclaimer on behalf of minors? I suspect not, so we may need to utilize TEDRA, probably not NJBA, but a petition and order.

Thanks

Heather S. de Vrieze
Attorney-at-Law
[cid:image001.jpg at 01D74292.9FB38600]
3909 California Avenue SW
Seattle, WA 98116-3705
(206)938-5500
heatherd at westseattlelaw.com<mailto:heatherd at westseattlelaw.com>
www.westseattlelaw.com<http://www.westseattlelaw.com/>
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For the latest information regarding firm operations and precautions in light of the Coronavirus please visit our firm's website: www.WestSeattleLaw.com<http://www.westseattlelaw.com/>.


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From: wsbapt-bounces at lists.wsbarppt.com <wsbapt-bounces at lists.wsbarppt.com> On Behalf Of Jennifer L White
Sent: Thursday, May 6, 2021 3:37 PM
To: WSBA Probate & Trust Listserv <wsbapt at lists.wsbarppt.com>
Subject: Re: [WSBAPT] Common Disaster Clause and Life Insurance

Heather,
I do not believe that will be the likely case BECAUSE:
The "Super Will" statute 11.11.020 defines non-probate assets pursuant to RCW 11.02.005(10). Life insurance is specifically exempted from the definition of a non-probate asset.

Can you get it back into the estates by utilizing disclaimers? NJBA?

Jennifer L. White, Esq.
[cid:image003.jpg at 01D74292.9FB38600]

jen at appletreelaw.com<mailto:jen at appletreelaw.com>
PO Box 11037
Yakima, WA 98909
509.225.9813

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 Heather de Vrieze
Sent: Thursday, May 6, 2021 3:14 PM
To: 'wsbapt at lists.wsbarppt.com' <wsbapt at lists.wsbarppt.com<mailto:wsbapt at lists.wsbarppt.com>>; KCBA Real Property, Probate and Trust Law Discussion List <realpropertyprobatetrustlaw at lists.kcba.org<mailto:realpropertyprobatetrustlaw at lists.kcba.org>>
Subject: [WSBAPT] Common Disaster Clause and Life Insurance

Dealing with deaths from a common accident, the following clause is in a "RocketLawyer.com" Will. If each spouse is the primary beneficiary of policies on the other's life, is there any likelihood that an insurance company will pay proceeds to spouse's estate rather than contingent or default beneficiaries? Presume this is the scenario we want. Contingent or default beneficiaries is not a good solution and the hope is that the insurance money can equalize the estate values for WA estate tax purposes, to ensure both estates benefit from the full exclusion amount.

[cid:image004.png at 01D74292.9FB38600]

Appreciate any input.

Heather

Heather S. de Vrieze
Attorney-at-Law
[cid:image001.jpg at 01D74292.9FB38600]
3909 California Avenue SW
Seattle, WA 98116-3705
(206)938-5500
heatherd at westseattlelaw.com<mailto:heatherd at westseattlelaw.com>
www.westseattlelaw.com<https://urldefense.proofpoint.com/v2/url?u=http-3A__www.westseattlelaw.com_&d=DwMFAg&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=kDcM-fraYQNOZ1rCslLoMSSRXJQXmQVvRJbE6ymQGho&m=5yn-A6iv5N8tg-2wGmHv53GQxjR0r9k2a4pIjPm11PA&s=-zSczaHiS2dx17qlvbLxtczM-i-KV9fHbCmsKHxq97g&e=>
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