[WSBAPT] two practice questions

[cyfield at rockisland.com]

Hi Diane- FWIW, I won't prepare deeds in other states (other Washington
counties can be challenging enough). Even if I have a sample deed from that
jurisdiction, I don't know the vagaries about analogous REETs, recording
practices, recent changes in local law, etc., and its just not worth the
learning curve/potential malpractice risk.  I usually go thru local counsel
or sometimes a title company (which may prepare deed or suggest local
counsel). In terms of showing estate solvency, I usually just slightly over
estimate debts and under estimate assets, from the known facts, to show
estate is solvent and is likely to remain that way ("estimated Debts should
not exceed 'X' and estimated assets  are over 'Y'). Curious what others do.
Thanks, Cy

 

Cyrus W. Field, Attorney at Law (admitted in Washington and Oregon); Phone:
360-472-1223 

Mail: POB 367, Shaw Island, WA 98286; Physical Office:  640 Mullis St #214,
Friday Harbor, WA

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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, January 31, 2022 10:38 AM
To: 'WSBA Probate & Trust Listserv' <wsbapt at lists.wsbarppt.com>
Subject: [WSBAPT] two practice questions

 

Hello,

 

Curious about a few practice points:

 

1.	Do you consider drafting a deed in another state (which you are not
licensed in) practicing law in that jurisdiction?

 

2.	In opening probates, where you have to put numbers down to show
solvency, do you only put estimates based on unsecured assets and net values
of secured assets?  Or some other practice?  

 

Thanks.

 

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

 

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