<p dir="ltr">Take the funds but don't spend them. Control is good fit your client. Investigate what is community or separate, reach agreement as to who gets what; put mom's share in 3rd party snt if possible... Recognize, though, she may be entitled to own some of it outright and may need gal to protect her interests. Is son POA for her? Remember, Dad can give his half of CP or all SP where he wants...</p>
<div class="gmail_quote">On May 7, 2015 9:48 AM, "Anne Marie Liebhaber" <<a href="mailto:amliebhaber@gmail.com">amliebhaber@gmail.com</a>> wrote:<br type="attribution"><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex"><u></u>
<div style="WORD-WRAP:break-word;FONT-SIZE:14px;FONT-FAMILY:Calibri,sans-serif;COLOR:rgb(0,0,0)">
<div dir="ltr" align="left"><span><font size="4">Client is
daughter/ beneficiary on five significant CD accounts inherited
from her 90 yr old dad who just died. Decedent married second
wife 28 years ago but wife is in nursing facility for dementia. Second
wife's son wants CDs to go to his mother, claiming CDs are community property
despite daughter's beneficiary status and decedent's clear directive in will
wherein daughter is PR. No other assets, ALL sold prior to descendent and
wife going into nursing facility. Decedent named dementia wife as
beneficiary on defined benefit pension of 3K per month.
</font></span></div>
<div dir="ltr" align="left"><span><font size="4"></font></span> </div>
<div dir="ltr" align="left"><span><font size="4">Client wants
to immediately transfer CDs as non-probate asset into her name but fears
community property challenge and repercussions. Any guidance appreciated. I am
new to this great list. Thanks. </font></span></div>
<div dir="ltr" align="left"><span></span> </div>
<div dir="ltr" align="left"><span><font size="4">Anne Marie
Liebhaber</font></span></div>
<div dir="ltr" align="left"><span><font size="4">Attorney at
Law</font> </span></div></div>
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