<div dir="ltr">Lots of issues here, including IRA passing to trust where taxes are heavy. Might consider a disclaimer of a "value" and use pick and choose to fund the trust with assets other than the IRA. Lots of questions here as to what is going on and what you could/should be doing. If husband is capable of acting as PR, hope he isn't named as trustee. Why the SNT, look at intent...</div><div class="gmail_extra"><br><div class="gmail_quote">On Wed, May 6, 2015 at 10:46 AM, Roger Hawkes <span dir="ltr"><<a href="mailto:Roger@law-hawks.com" target="_blank">Roger@law-hawks.com</a>></span> wrote:<br><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex">
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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?<u></u><u></u></span></p>
<p class="MsoNormal"><span style="color:#1f497d"><u></u> <u></u></span></p>
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<p class="MsoNormal"><span style="color:#1f497d">Roger Hawkes, WSBA # 5173<u></u><u></u></span></p>
<p class="MsoNormal"><span style="color:#1f497d">19909 Ballinger Way NE<u></u><u></u></span></p>
<p class="MsoNormal"><span style="color:#1f497d">Shoreline, WA 98155<u></u><u></u></span></p>
<p class="MsoNormal"><span style="color:#1f497d"><a href="http://www.hawkeslawfirm.com" target="_blank"><span style="color:blue">www.hawkeslawfirm.com</span></a><u></u><u></u></span></p>
<p class="MsoNormal"><span style="color:#1f497d"><a href="tel:206%20367%205000" value="+12063675000" target="_blank">206 367 5000</a><u></u><u></u></span></p>
<p class="MsoNormal"><span style="color:#1f497d">Fax is <a href="tel:206%20367%204005" value="+12063674005" target="_blank">206 367 4005</a><u></u><u></u></span></p>
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<p class="MsoNormal"><span style="color:#1f497d"><u></u> <u></u></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:<a href="mailto:mfry@lyon-law.com" target="_blank">mfry@lyon-law.com</a>]
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<b>Sent:</b> Wednesday, May 06, 2015 10:28 AM<span class=""><br>
<b>To:</b> 'WSBA Probate & Trust Listserv'<br>
<b>Subject:</b> Re: [WSBAPT] SNT and IRAs<u></u><u></u></span></span></p>
</div>
</div><span class="">
<p class="MsoNormal"><u></u> <u></u></p>
<p class="MsoNormal"><a name="14d2a58a0d01bbcc__GoBack"></a><span style="color:#1f497d">Paul: </span>
<u></u><u></u></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><u></u><u></u></p>
<p class="MsoNormal"><span style="color:#1f497d"> </span><u></u><u></u></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><u></u><u></u></p>
<p class="MsoNormal"><span style="color:#1f497d"> </span><u></u><u></u></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><u></u><u></u></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><u></u><u></u></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman","serif";color:#1f497d">Yakima, WA.<br>
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<p class="MsoNormal"><span style="color:#1f497d"> </span><u></u><u></u></p>
<p class="MsoNormal"><span style="color:#1f497d"> </span><u></u><u></u></p>
<p class="MsoNormal"><span style="color:#1f497d"> </span><u></u><u></u></p>
<p class="MsoNormal"><span style="color:#1f497d"> </span><u></u><u></u></p>
<p class="MsoNormal"><span style="color:#1f497d"> </span><u></u><u></u></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" target="_blank">wsbapt-bounces@lists.wsbarppt.com</a> [<a href="mailto:wsbapt-bounces@lists.wsbarppt.com" target="_blank">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><u></u><u></u></p>
</div>
</div>
<p class="MsoNormal"> <u></u><u></u></p>
<p class="MsoNormal"><span style="color:#1f497d">Anyone??</span><u></u><u></u></p>
<p class="MsoNormal"><span style="color:#1f497d"> </span><u></u><u></u></p>
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<div style="border:none;border-top:solid #e1e1e1 1.0pt;padding:3.0pt 0in 0in 0in">
<p class="MsoNormal"><b>From:</b> <a href="mailto:wsbapt-bounces@lists.wsbarppt.com" target="_blank">
wsbapt-bounces@lists.wsbarppt.com</a> [<a href="mailto:wsbapt-bounces@lists.wsbarppt.com" target="_blank">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" target="_blank">wsbapt@lists.wsbarppt.com</a><br>
<b>Subject:</b> [WSBAPT] SNT and IRAs<u></u><u></u></p>
</div>
</div>
<p class="MsoNormal"> <u></u><u></u></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.<u></u><u></u></p>
<p>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?<u></u><u></u></p>
<p>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?<u></u><u></u></p>
<p class="MsoNormal"> <u></u><u></u></p>
<p class="MsoNormal">All guidance appreciated. <u></u><u></u></p>
</span></div>
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