[WSBAPT] Transfer right before death

Mon Mar 21 16:44:22 PDT 2022

Thank you all!

To be clear - I did not recommend this strategy. This is what came to me
for handling AFTER the fact. Adviser was one of a financial variety.

*Brent Williams-Ruth* (pronouns: he/him)
*Attorney-At-Law*

*Law Offices of Brent Williams-Ruth, **a division of BWR Consulting, PLLC*

*Physical Address: 500 S 336th Street, Suite 214; Federal Way, WA 98003*

***EFFECTIVE IMMEDIATELY** All mail sent through the USPS should be sent to
the following address: **PO BOX 3319; Federal Way, WA 98063 *

Office/Scheduling Phone: (253) 285-7751

Direct: (253) 285-7453

e-mail <Brent at Williams-RuthLaw.com> / website
<http://www.williams-ruthlaw.com/> / facebook
<http://www.facebook.com/bwrlaw> /

On Mon, Mar 21, 2022 at 4:24 PM Russell D. Garrett <
Russell.Garrett at jordanramis.com> wrote:

> Philip, not bad for  “lowly estate planner”!!    Lawyers who counsel or
> assist their clients to make fraudulent transfers may themselves be subject
> to more than just discipline.
>
>
>
> *Russell D. Garrett * *|  *Attorney
>
> OR Direct: (503) 598-5519
>
> WA Direct: (360) 567-3911
>
> jordanramis.com  |  (888) 598-7070
>
> Portland Metro  |  Bend  |  Vancouver WA
>
>
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> *From:* wsbapt-bounces at lists.wsbarppt.com <
> wsbapt-bounces at lists.wsbarppt.com> *On Behalf Of *Philip N. Jones
> *Sent:* Monday, March 21, 2022 3:57 PM
> *To:* WSBA Probate & Trust Listserv <wsbapt at lists.wsbarppt.com>
> *Subject:* Re: [WSBAPT] Transfer right before death
>
>
>
> I am not a creditor’s rights attorney.  But even a lowly estate planner
> like me thinks this looks like a fraudulent transfer.  See RCW 19.40, known
> as the Uniform Fraudulent Transfer Act, also known as the Uniform
> Voidable Transactions Act.  This is the state law that the IRS uses when
> someone (or some entity) transfers assets at a time when taxes are due,
> thus creating insolvency and preventing the IRS from collecting their
> taxes.  But any creditor can use this statute if the facts are right.  The
> recipients of the assets are subject to something known as transferee
> liability.  Best thing to do is talk to a creditor’s rights attorney ASAP,
> and do not rely on my amateurish opinions.
>
> 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 *Brent Williams-Ruth
> *Sent:* Monday, March 21, 2022 3:43 PM
> *To:* wsbapt at lists.wsbarppt.com
> *Subject:* [WSBAPT] Transfer right before death
>
>
>
>
> Decedent sees the end coming. Transfers all assets to their sibling.
>
>
>
> Decedent passes with $XXX in debt.
>
>
>
> Is the estate insolvent where the creditors are “out of luck” or is this a
> transfer that can be undone.
>
>
>
> Key in my mind is that there is literally not a single asset that will be
> conveyed after death.
>
> *Brent Williams-Ruth*
> *Attorney-At-Law*
>
> *Law Offices of Brent Williams-Ruth, a division of BWR Consulting, PLLC*
>
> Office/Scheduling Phone: (253) 285-7751
>
> Direct Mobile: (253) 285-7453
>
> 500 S. 336th St., Suite 214; Federal Way, WA 98003
>
> e-mail <Brent at Williams-RuthLaw.com> / website
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>
> *As of July 1, 2019 - I began operating as the Law Offices of Brent
> Williams-Ruth a division of BWR Consulting, PLLC. Please note the new
> points of contact Brent at Williams-RuthLaw.com
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