[WSBAPT] TOD Beneficiary Designation Signed but not Mailed

[Neli Espe, J.D. - Olympic Legal]

Dear List-mates,

Prior to his passing, PNC signs a Transfer Request for a TOD beneficiary designation of a stock with all formalities of Medallion guaranty and family members watch him do this.
PNC is fully competent, but elderly, so the  beneficiary designation form does not get mailed.

In the current probate, if the TOD beneficiary designation is valid, the asset goes to A, but if not, asset will be distributed to B under a clause in the Will. A TEDRA agreement is unlikely as both A and B wish to receive the asset. The PR (with non-intervention powers) plans to seek direction from the court.

Has anyone dealt with this type of situation? If so, would you be willing to help with a few pointers or cases?

Kind regards,

Neli

___________________________________
   Neli Espe, J.D., Olympic Legal
                360.630.3635
2114 Commercial Ave., Anacortes
            olympiclegal.com<http://olympiclegal.com/>
     Estate & Business Planning
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