[WSBAPT] Assignment of beneficiary's interest in estate

[Jayne Marsh Gilbert]

 TEDRA agreement
    On Monday, June 20, 2022, 04:56:03 PM PDT, Jennifer Johnson <jen at haniganlaw.net> wrote:  
 
 Thank you both for the info!
Jen
  
Jennifer M. Johnson

Title Officer | Attorney
Wahkiakum Title & Escrow Co.Hanigan Law Office, PS
68 Main Street / P.O. Box 39
Cathlamet, WA 98612
(360) 795-3494
(360) 795-3001 (f)
www.wahtitle.com
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 ------- Original Message -------
 On Monday, June 20th, 2022 at 1:55 PM, Diane J. Kiepe <DJKiepe at depdslaw.com> wrote:

 

Ditto – disclaiming could be a nightmare because next in line are not the step-daughters but next of kin…….you can never do enough disclaiming to get to a “step” family member.

 

Diane J. Kiepe

 

Diane J. Kiepe

Douglas Eden

717 W. Sprague Ave.

Suite 1500

Spokane, WA  99201

djkiepe at depdslaw.com

509-455-5300

 

From: wsbapt-bounces at lists.wsbarppt.com <wsbapt-bounces at lists.wsbarppt.com>On Behalf Of Philip N. Jones
Sent: Monday, June 20, 2022 1:52 PM
To: Jennifer Johnson <jen at haniganlaw.net>; WSBA Probate & Trust Listserv <wsbapt at lists.wsbarppt.com>
Subject: Re: [WSBAPT] Assignment of beneficiary's interest in estate

 

I agree with you about the disclaimer and the gifts(s).

Phil Jones

 

Philip N. Jones

Duffy Kekel LLP

900 S.W. Fifth Ave. Suite 2500

Portland, OR 97204

pjones at duffykekel.com

(503) 226-1371 – office

(503) 853-1482 – cell

(503) 226-3574 - fax

 

From: wsbapt-bounces at lists.wsbarppt.com <wsbapt-bounces at lists.wsbarppt.com>On Behalf Of Jennifer Johnson
Sent: Monday, June 20, 2022 1:45 PM
To: WSBA Probate & Trust Listserv <wsbapt at lists.wsbarppt.com>
Subject: [WSBAPT] Assignment of beneficiary's interest in estate

 

Good afternoon all,

 

I've been asked to review an Assignment of Interest that was prepared for an estate beneficiary, and not having ever seen one (my probate practice is limited), I'm wondering about the practice and the pitfalls.

 

The details are that the deceased supposedly executed a Will leaving his entire estate to his two stepdaughters.  The stepdaughters have looked everywhere and have not been able to find the Will or a signed copy of it.  The deceased's intestate heir is his mother, who does not want to inherit.  His mother is the one who would be signing this Assignment of Interest to the two stepdaughters, since she believes that her son's intent was to leave everything to them.

 

Is this a common practice?  I know it isn't a disclaimer and assume the transfer would be treated as a gift for tax purposes.  Are there other pitfalls I'm not thinking of?

 

Thank you for your collective wisdom.

 

Jennifer

 

Jennifer M. Johnson

Title Officer | Attorney

Wahkiakum Title & Escrow Co.

Hanigan Law Office, PS

68 Main Street / P.O. Box 39

Cathlamet, WA 98612

(360) 795-3494

(360) 795-3001 (f)

www.wahtitle.com

 

CONFIDENTIALITY NOTICE:  THIS EMAIL IS INTENDED TO BE A CONFIDENTIAL AND PRIVILEGED ATTORNEY-CLIENT COMMUNICATION.  IF YOU ARE NOT THE INTENDED RECIPIENT OF THIS EMAIL, PLEASE DO NOT READ OR PRINT IT.  This transmission is intended for the sole use of the individual and entity to whom it is addressed, and may contain information that is privileged, confidential, and exempt from disclosure under applicable law.  You are hereby notified that any dissemination, distribution, or  duplication of this transmission by someone other than the intended addressee or its designated agent is strictly prohibited.  If your receipt of this transmission is in error, please notify the sender immediately by calling 360.795.3494, or by reply to this transmission, and then permanently delete the message.

DISCLAIMER NOTICE:  Email communication on the internet is NOT secure.  There is a risk that this communication may be intercepted illegally, waiving any implied or explicit attorney-client or work-product privileges.

 

 

Sent withProton Mail secure email. 
 

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