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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D">I have used TEDRA agreements to avoid setting these trusts up several times, and at least once to fix an estate where the trust wasn’t set up, but should have
been. I think TEDRA is perfect for this type of situation and would have all parties, as trustees, current and remainder beneficiaries sign. Make sure to include virtual representation of grandkids if appropriate.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D">I don’t think it would create a problem to terminate the trust at this point as long as there are not just benefits flowing to mom, but cite the changes in the
law (mistake of fact) and include mom’s promise not to disinherit the kids in the agreement.
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D">If however the Trust has provision that would allow it to qualify as a SNT if mom ever needs nursing home care, it might be worthwhile to keep it.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D">Heather<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:16.0pt;font-family:"Vladimir Script";color:#1F497D">Heather S. de Vrieze</span><b><span style="font-size:16.0pt;font-family:"Calibri",sans-serif;color:#1F497D"><br>
</span></b><i><span style="font-size:11.0pt;font-family:"Garamond",serif;color:#1F497D">Attorney-at-Law<o:p></o:p></span></i></p>
<p class="MsoNormal"><i><span style="font-size:11.0pt;font-family:"Garamond",serif;color:#1F497D"><img width="264" height="147" id="_x0000_i1026" src="cid:image003.jpg@01D0A2D1.F027F740" alt="cid:image001.jpg@01D013C2.30F35160"></span></i><i><span style="font-family:"Garamond",serif;color:#1F497D"><o:p></o:p></span></i></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:Nyala;color:#44524E">3909 California Avenue SW<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:Nyala;color:#44524E">Seattle, WA 98116-3705
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:Nyala;color:#44524E">(206)938-5500
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D"><a href="mailto:heatherd@westseattlelaw.com"><span style="font-size:10.0pt;font-family:Nyala;color:#44524E">heatherd@westseattlelaw.com</span></a></span><span style="font-size:10.0pt;font-family:Nyala;color:#44524E">
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D"><a href="http://www.westseattlelaw.com/"><span style="font-size:10.0pt;font-family:Nyala;color:#44524E">www.westseattlelaw.com</span></a></span><span style="font-size:10.0pt;font-family:Nyala;color:#44524E">
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:Nyala;color:#44524E"><o:p> </o:p></span></p>
<p class="MsoNormal"><b><span style="font-size:9.0pt;font-family:"Arial",sans-serif;color:#002E8A">Click here to connect with de Vrieze | Carney on Facebook:
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<p class="MsoNormal"><span style="font-size:8.0pt;font-family:"Calibri",sans-serif;color:#A6A6A6">CONFIDENTIAL & PRIVILEGED. This e-mail message may contain legally privileged and/or confidential information. If you have received this e-mail in error, please
notify the sender immediately and delete all copies of this e-mail message and any attachment.</span><span style="font-size:16.0pt;font-family:"Cambria",serif;color:blue"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><b><span style="font-size:11.0pt;font-family:"Calibri",sans-serif">From:</span></b><span style="font-size:11.0pt;font-family:"Calibri",sans-serif"> wsbapt-bounces@lists.wsbarppt.com [mailto:wsbapt-bounces@lists.wsbarppt.com]
<b>On Behalf Of </b>amanda_wilson@olypenlawoffices.com<br>
<b>Sent:</b> Tuesday, June 09, 2015 4:09 PM<br>
<b>To:</b> WSBA Probate & Trust Listserv<br>
<b>Subject:</b> [WSBAPT] My first TEDRA??<o:p></o:p></span></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p style="margin:0in;margin-bottom:.0001pt"> <o:p></o:p></p>
<div id="SafeStyles1433891251">
<p style="margin:0in;margin-bottom:.0001pt">Client asked me to review A/B Trust. It has been meticulously administered since her husband's death a few years ago and the accountings are all in order.<o:p></o:p></p>
<p style="margin:0in;margin-bottom:.0001pt;word-wrap: break-word"> <o:p></o:p></p>
<p style="margin:0in;margin-bottom:.0001pt;word-wrap: break-word">However, the combined estate is around $1 million.<o:p></o:p></p>
<p style="margin:0in;margin-bottom:.0001pt;word-wrap: break-word"> <o:p></o:p></p>
<p style="margin:0in;margin-bottom:.0001pt;word-wrap: break-word">My client and her late spouse had two children together, who are the heirs under the decedent's trust and the survivor's trust. My client has no intention of changing the beneficiaries.<o:p></o:p></p>
<p style="margin:0in;margin-bottom:.0001pt;word-wrap: break-word"> <o:p></o:p></p>
<p style="margin:0in;margin-bottom:.0001pt;word-wrap: break-word">My client is tired of managing two trusts and paying the CPA at tax time each year, I do not think an estate tax would be owed on the combined estate. The two adult children have good relationships
with their mother and would be willing to to sign things that benefit the mom....<o:p></o:p></p>
<p style="margin:0in;margin-bottom:.0001pt;word-wrap: break-word"> <o:p></o:p></p>
<p style="margin:0in;margin-bottom:.0001pt;word-wrap: break-word">Can my client and the kids all sign affidavits agreeing to the termination of the decedent's trust? Is a TEDRA action necessary? What would we need to do to appease (or not anger) the IRS since
the decedents Trust is "registered" and has an EIN already?<o:p></o:p></p>
<p style="margin:0in;margin-bottom:.0001pt;word-wrap: break-word"> <o:p></o:p></p>
<p style="margin:0in;margin-bottom:.0001pt;word-wrap: break-word">Amanda Wilson<o:p></o:p></p>
<p style="margin:0in;margin-bottom:.0001pt;word-wrap: break-word"> <o:p></o:p></p>
<p style="margin:0in;margin-bottom:.0001pt;word-wrap: break-word"><strong><span style="font-size:14.0pt;font-family:"Monotype Corsiva"">Amanda M. Wilson, esq.</span></strong><o:p></o:p></p>
<p style="margin:0in;margin-bottom:.0001pt;word-wrap: break-word"><strong><span style="font-size:14.0pt;font-family:"Monotype Corsiva""> </span></strong><o:p></o:p></p>
<p style="margin:0in;margin-bottom:.0001pt;word-wrap: break-word">Olympic Peninsula Law Offices, LLC<o:p></o:p></p>
<p style="margin:0in;margin-bottom:.0001pt;word-wrap: break-word">P.O. Box 115<o:p></o:p></p>
<p style="margin:0in;margin-bottom:.0001pt;word-wrap: break-word">Port Townsend, WA 98368<o:p></o:p></p>
<p style="margin:0in;margin-bottom:.0001pt;word-wrap: break-word"> <o:p></o:p></p>
<p style="margin:0in;margin-bottom:.0001pt;word-wrap: break-word">(360)437-4172 office<o:p></o:p></p>
<p style="margin:0in;margin-bottom:.0001pt;word-wrap: break-word">(206)331-7851 cell phone<o:p></o:p></p>
<p style="margin:0in;margin-bottom:.0001pt;word-wrap: break-word"><span style="font-size:10.0pt;font-family:"Arial",sans-serif"> </span><o:p></o:p></p>
<p style="margin:0in;margin-bottom:.0001pt;word-wrap: break-word"><em>"Your words are the greatest power you have. The words you choose and their use establish the life you experience."</em><i><br>
<strong>-Sonia Croquette</strong><em> </em></i><o:p></o:p></p>
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