[WSBAPT] Living Trust issue

[Joshua McKarcher]

I would not argue with Phil that the client is "PR" and should not commit fraud, but I would happily assert the client is the "nominated PR under decedent's non-probated will" and if decedent's only child, is also "person with priority of appointment in intestacy." Nothing I suggest should be done in any way not honest. I tell my banker all the time we are depositing such a check on such terms, and they happily approve the deposit and I generally simply do nothing until the funds go "collected," a concept we are all accustomed to under IOLTA rules. Best, Josh

From: wsbapt-bounces at lists.wsbarppt.com <wsbapt-bounces at lists.wsbarppt.com> On Behalf Of Joshua McKarcher
Sent: Monday, April 17, 2023 5:58 PM
To: WSBA Probate & Trust Listserv <wsbapt at lists.wsbarppt.com>
Subject: Re: [WSBAPT] Living Trust issue

If you represent the estate - which exists whether it is being administered in court or not - by representing its PR, as I suspect you do, then you can deposit the check to your IOLTA account, let it go collected, and credit it to her next bill or write her a check. Voila!

Alternatively, she can persuade her own bank that she is the only beneficiary of the estate via the trust, and maybe they will negotiate it for her if they know her well.

Or if there is a trust account, she can try to persuade the bank holding the trust account that the trust is entitled to all property of the estate by virtue of the will.

I solve these problems with bank relationships, in the end. It's the easiest and sometimes only option available.

Good luck! Best, Josh

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 Jenna Brozik
Sent: Monday, April 17, 2023 5:30 PM
To: WSBA Probate & Trust Listserv <wsbapt at lists.wsbarppt.com<mailto:wsbapt at lists.wsbarppt.com>>
Subject: [WSBAPT] Living Trust issue

Hello list mates,

Client's mother passed away and the mother had a living trust.  Client is the Trustee of the Living Trust and only beneficiary.  All assets were titled in the Living Trust. However, client received a check in the mail after mother passed away.  Apparently the mother overpaid her healthcare premium and the company issued her a check for the overpayment.  The check is made out to the Estate.  Client called to ask company to make it out to Living Trust.  Company has refused. Company has refused to reissue the check under any name.

Should client just open up a bank account under the Estate to get this check deposited?  No probate is necessary in this case.  Any suggestions would be appreciated.

Jenna Brozik
Managing Attorney
PRINZ & BROZIK PLLC
445 S. Grand Avenue
Pullman, WA 99163
509-338-0908 Telephone
509-338-3527 Facsimile

-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://mailman.fsr.com/pipermail/wsbapt/attachments/20230418/1bd96c38/attachment.html>