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<p class="MsoNormal"><span style="font-family:"Calibri","sans-serif";color:black">Katherine, Here are some issues: Watch RMD, selling securities as an acceptance 25.2518-2(d)(1) etc.; community property issues; RR 2005-36, Regs 1.401(a)(9)-8; see GCM 39868
on income tax; also, the provider’s agreement or adoption agreement may have a troublesome clause or two. It may provide how the H’s 1/2 interest passes. Who does one send the disclaimer to; the provider and PR? Proof of timing of the deaths is obviously important.
Any problems with PR’s power to disclaim? I have not thought through the son’s piece. Regards, Liv<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Calibri","sans-serif";color:black"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.5pt;font-family:"Calibri","sans-serif";color:black"><o:p> </o:p></span></p>
<p class="MsoNormal"><b><span style="font-size:11.5pt;font-family:"Calibri","sans-serif";color:black">Livingston (Liv) Wernecke<o:p></o:p></span></b></p>
<p class="MsoNormal"><b><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:black">Shareholder<o:p></o:p></span></b></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:black">Betts, Patterson & Mines, P.S.<o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:black">701 Pike Street, Suite 1400
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:black">Seattle, WA 98101-3927<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:black">D 206.268.8679 | F 206.343.7053 | C 206.953.6161<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:black"><a href="http://www.bpmlaw.com/"><span style="color:black">www.bpmlaw.com</span></a><o:p></o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:9.0pt;font-family:"Calibri","sans-serif";color:black">CONFIDENTIALITY AND CIRCULAR 230 NOTICE</span></b><span style="font-size:9.0pt;font-family:"Calibri","sans-serif";color:black">:</span><b><span style="font-size:9.0pt;font-family:"Calibri","sans-serif";color:black">
This communication 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 communication by someone other than the intended addressee or its designated agent is strictly prohibited. As required by the Internal Revenue Service, anything contained in this communication pertaining to any U.S. federal
tax matter is not to be used for the purpose of avoiding federal tax penalties under the Internal Revenue Code or for promoting, marketing or recommending to any third party the tax implications of any partnership or other entity, investment plan or arrangement
discussed in this communication. If you have received this communication in error, please notify this firm immediately by collect call (206)-292 9988, or by reply to this communication. Thank you.</span></b><b><span style="font-size:9.0pt;font-family:"Calibri","sans-serif";color:black"><o:p></o:p></span></b></p>
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<p class="MsoNormal"><b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif"">From:</span></b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif""> wsbapt-bounces@lists.wsbarppt.com [mailto:wsbapt-bounces@lists.wsbarppt.com]
<b>On Behalf Of </b>Katharine P. Bauer<br>
<b>Sent:</b> Wednesday, April 15, 2015 11:15 AM<br>
<b>To:</b> WSBA Probate & Trust Listserv<br>
<b>Subject:</b> [WSBAPT] Beneficiary Designations<o:p></o:p></span></p>
<p class="MsoNormal"><o:p> </o:p></p>
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<p class="MsoNormal">Situation:<o:p></o:p></p>
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<p class="MsoNormal">Mom died, Dad committed suicide an hour later.<o:p></o:p></p>
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<p class="MsoNormal">Dad has huge IRA for which he did not follow through on filing with them the beneficiary designations we created. Primary was mom, secondary is Estate. This is a taxable estate and we will lose a large percentage of the IRA to taxes.<o:p></o:p></p>
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<p class="MsoNormal">Estate legatees/beneficiaries are an adult daughter and trust for disabled adult son.<o:p></o:p></p>
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<p class="MsoNormal">Question: Has anyone ever had a PR "disclaim" a payment from an IRA to the estate? (Daughter is PR) The "fallback" beneficiaries in the contract are the children. My thought is to force payment outright to kids, allow them to take over
their lifetime, Son could place his share into a self-settled trust or ??? Largest IRA - $1 million - holder is not allowing PR to direct to daughter/SNtrust under terms of Will. I can go for a court order.<o:p></o:p></p>
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<p class="MsoNormal"><o:p> </o:p></p>
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<p class="MsoNormal">Just curious about the disclaimer idea. Not busy enough today to take the easy route.<br>
-- <o:p></o:p></p>
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<p class="MsoNormal"><span style="font-family:"Arial","sans-serif"">Katharine P. Bauer</span><o:p></o:p></p>
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<p class="MsoNormal"><span style="font-family:"Arial","sans-serif"">Bauer Pitman Lifetime Legal, PLLC<br>
1235 Fourth Ave. East, Suite 200<br>
Olympia, Washington 98501<br>
tel. 360.754.1976<br>
fax. 360.943.4427</span><o:p></o:p></p>
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<p><span style="font-size:10.0pt;color:black">e-mail</span><span style="font-size:10.0pt;color:blue">:
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mailto:katharinebauer@bjorgenbauer.com"><span style="font-size:10.0pt">kpb@bpblegal.com</span></a></span><o:p></o:p></p>
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