[WSBAPT] Question re transfer of trust funds to foreign bank

[deborah at neillaw.com]

Okay, this sounds highly unusual to me, but I would like some other thoughts from people who know more than me. 

Issue:  Trustee client wants me, as their attorney, to write a letter on behalf of a beneficiary to a foreign bank. The letter would say that 50% of all assets in the trust account belong to the beneficiary.  (One problem is that the assets include a house and it has not yet been sold, so I don’t have an exact dollar amount in the account.)  The reason would be to avoid any temporary holds on transfers of more than $10,000.  

I don’t see that my representation of a trustee includes writing letters to foreign banks for the beneficiary to make things easier for them.  I could see a receipt with a note that the funds are a partial/full distribution of the beneficiary’s share of the trust. The beneficiary could show his foreign banker that receipt.

Any thoughts?

Thank you.

Deborah Jameson (she/hers)| Attorney | Neil & Neil, P.S.
5302 Pacific Avenue,Tacoma,WA 98408 | deborah at neillaw.com <mailto:deborah at neillaw.com>
(253)475-8600 | f:(253)473-5746

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