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<p class="MsoNormal"><span style="color:#1F497D">This raises the question for me of whether a disclaimer by a Medicaid recipient is considered an asset gift when disclaimed. Who knows that?<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
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<p class="MsoNormal"><span style="color:#1F497D">Roger Hawkes, WSBA # 5173<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">19909 Ballinger Way NE<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">Shoreline, WA 98155<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><a href="http://www.hawkeslawfirm.com"><span style="color:blue">www.hawkeslawfirm.com</span></a><o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">206 367 5000<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">Fax is 206 367 4005<o:p></o:p></span></p>
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<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></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""> Marcus Fry [mailto:mfry@lyon-law.com]
<br>
<b>Sent:</b> Wednesday, May 06, 2015 10:28 AM<br>
<b>To:</b> 'WSBA Probate & Trust Listserv'<br>
<b>Subject:</b> Re: [WSBAPT] SNT and IRAs<o:p></o:p></span></p>
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<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><a name="_GoBack"></a><span style="color:#1F497D">Paul: </span>
<o:p></o:p></p>
<p class="MsoNormal"><span style="color:#1F497D">The facts are bit confusing. When you state non-probate assets you are not including the IRAs, correct? You are talking about checking, savings and other accounts, correct? If so, the problem in this situation
is that H is automatically vested on death with the non-probate assets assuming he is either JTWROS or a beneficiary. If he disclaims, that will have impact on Medicaid eligibility assuming he is either on Medicaid or will be on Medicaid in the next 5 years.
However, if the non-probate asset was just in wife’s name and payable to the Estate, one-half of that asset would go to the SNT and the other one-half to H outright. As to any non-probate asset in H’s name only, one-half of that account would be disbursed
to the SNT and the other half H would keep.</span><o:p></o:p></p>
<p class="MsoNormal"><span style="color:#1F497D"> </span><o:p></o:p></p>
<p class="MsoNormal"><span style="color:#1F497D">Of course, the above is assuming there was to CP agreement and I assume there wasn’t one because W’s Will had a SNT. If there was a CP agreement, you are back in the disclaimer situation.</span><o:p></o:p></p>
<p class="MsoNormal"><span style="color:#1F497D"> </span><o:p></o:p></p>
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<p class="MsoNormal" style="text-align:justify"><span style="font-size:10.0pt;font-family:"Courier New";color:#1F497D">Marcus J. Fry</span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Courier New";color:#1F497D">Lyon, Weigand & Gustafson, P.S.</span><span style="font-size:12.0pt;font-family:"Times New Roman","serif";color:#1F497D">
</span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman","serif";color:#1F497D">Yakima, WA.<br>
<br>
<br>
</span><o:p></o:p></p>
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<p class="MsoNormal"><span style="color:#1F497D"> </span><o:p></o:p></p>
<p class="MsoNormal"><span style="color:#1F497D"> </span><o:p></o:p></p>
<p class="MsoNormal"><span style="color:#1F497D"> </span><o:p></o:p></p>
<p class="MsoNormal"><span style="color:#1F497D"> </span><o:p></o:p></p>
<p class="MsoNormal"><span style="color:#1F497D"> </span><o:p></o:p></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"">
<a href="mailto:wsbapt-bounces@lists.wsbarppt.com">wsbapt-bounces@lists.wsbarppt.com</a> [<a href="mailto:wsbapt-bounces@lists.wsbarppt.com">mailto:wsbapt-bounces@lists.wsbarppt.com</a>]
<b>On Behalf Of </b>Paul Neumiller<br>
<b>Sent:</b> Wednesday, May 06, 2015 9:50 AM<br>
<b>To:</b> 'WSBA Probate & Trust Listserv'<br>
<b>Subject:</b> Re: [WSBAPT] SNT and IRAs</span><o:p></o:p></p>
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<p class="MsoNormal"> <o:p></o:p></p>
<p class="MsoNormal"><span style="color:#1F497D">Anyone??</span><o:p></o:p></p>
<p class="MsoNormal"><span style="color:#1F497D"> </span><o:p></o:p></p>
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<p class="MsoNormal"><b>From:</b> <a href="mailto:wsbapt-bounces@lists.wsbarppt.com">
wsbapt-bounces@lists.wsbarppt.com</a> [<a href="mailto:wsbapt-bounces@lists.wsbarppt.com">mailto:wsbapt-bounces@lists.wsbarppt.com</a>]
<b>On Behalf Of </b>Paul Neumiller<br>
<b>Sent:</b> Monday, May 4, 2015 12:42 PM<br>
<b>To:</b> <a href="mailto:wsbapt@lists.wsbarppt.com">wsbapt@lists.wsbarppt.com</a><br>
<b>Subject:</b> [WSBAPT] SNT and IRAs<o:p></o:p></p>
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<p class="MsoNormal"> <o:p></o:p></p>
<p class="MsoNormal">Listmates: H & W make contributions to traditional IRAs and Roth IRAs over the years. W dies and leaves a Will with all of her assets going to a special needs trust (“SNT”) for H. There is no “Super Will” provisions in the Will for non-probate
assets. H is presumably the sole beneficiary on the non-probate assets. H opens probate as the personal representative. Assume that H wants to transfer as many assets as possible to the SNT.<o:p></o:p></p>
<p class="MsoListParagraph" style="text-indent:-.25in">1.<span style="font-size:7.0pt;font-family:"Times New Roman","serif"">
</span>How does H, as PR, get at and transfer W’s IRAs to the SNT? Is this where a waiver would work if H is the only beneficiary listed on the savings account? What if a waiver doesn’t work because there are alternative beneficiaries (adult children) on the
accounts?<o:p></o:p></p>
<p class="MsoListParagraph" style="text-indent:-.25in">2.<span style="font-size:7.0pt;font-family:"Times New Roman","serif"">
</span>How do Washington’s community laws work here? Shouldn’t, technically, ½ of W’s savings accounts go into the SNT and ½ of H’s savings account go into the SNT?<o:p></o:p></p>
<p class="MsoNormal"> <o:p></o:p></p>
<p class="MsoNormal">All guidance appreciated. <o:p></o:p></p>
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