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<DIV style="FONT-SIZE: 12pt; FONT-FAMILY: 'Calibri'; COLOR: #000000">
<DIV>Last time I negotiated with DSHS on this, I suggested they take a 20%
discount to help pay for the costs of keeping the asset maintained, estate
administration expenses etc. They settled on 15%, and I gather they will
routinely do so at 15% and usually not a higher discount.</DIV>
<DIV> </DIV>
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<DIV> </DIV>
<DIV style="BACKGROUND: #f5f5f5">
<DIV style="font-color: black"><B>From:</B> <A title=lovie@sbfirm.com
href="mailto:lovie@sbfirm.com">Lovie Bernardi</A> </DIV>
<DIV><B>Sent:</B> Monday, July 27, 2015 3:51 PM</DIV>
<DIV><B>To:</B> <A title=wsbapt@lists.wsbarppt.com
href="mailto:wsbapt@lists.wsbarppt.com">WSBA Probate & Trust Listserv</A>
</DIV>
<DIV><B>Subject:</B> Re: [WSBAPT] Apparently insolvent estate</DIV></DIV></DIV>
<DIV> </DIV></DIV>
<DIV
style='FONT-SIZE: small; TEXT-DECORATION: none; FONT-FAMILY: "Calibri"; FONT-WEIGHT: normal; COLOR: #000000; FONT-STYLE: normal; DISPLAY: inline'>
<DIV class=WordSection1>
<P class=MsoNormal><SPAN style="COLOR: #1f497d">Thanks, Michael, Heather and
Robert. I called DSHS and they are fine with us proceeding without court
intervention in order to keep costs down. They often will compromise on the
claim in order to allow the heirs to receive something from the estate. I
appreciate the practical tips. Thanks!<o:p></o:p></SPAN></P>
<P class=MsoNormal><SPAN style="COLOR: #1f497d"><o:p></o:p></SPAN> </P>
<P class=MsoNormal><SPAN style="COLOR: #1f497d">Lovie<o:p></o:p></SPAN></P>
<P class=MsoNormal><SPAN style="COLOR: #1f497d"><o:p></o:p></SPAN> </P>
<DIV>
<DIV
style="BORDER-TOP: #b5c4df 1pt solid; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0in; PADDING-TOP: 3pt; PADDING-LEFT: 0in; BORDER-LEFT: medium none; PADDING-RIGHT: 0in">
<P class=MsoNormal
style="TEXT-AUTOSPACE: ideograph-numeric; punctuation-wrap: hanging"><B><SPAN
style='FONT-SIZE: 10pt; FONT-FAMILY: "Tahoma","sans-serif"; POSITION: relative; COLOR: windowtext; TOP: 0pt; mso-text-raise: 0pt'>From:</SPAN></B><SPAN
style='FONT-SIZE: 10pt; FONT-FAMILY: "Tahoma","sans-serif"; POSITION: relative; COLOR: windowtext; TOP: 0pt; mso-text-raise: 0pt'>
wsbapt-bounces@lists.wsbarppt.com [mailto:wsbapt-bounces@lists.wsbarppt.com]
<B>On Behalf Of </B>Mike Winslow<BR><B>Sent:</B> Monday, July 27, 2015 3:27
PM<BR><B>To:</B> 'WSBA Probate & Trust Listserv'<BR><B>Subject:</B> Re:
[WSBAPT] Apparently insolvent estate<o:p></o:p></SPAN></P></DIV></DIV>
<P class=MsoNormal><o:p></o:p> </P>
<P class=MsoNormal><SPAN style="COLOR: #1f497d">Until you know the stock in the
tavern corp plus the other assets are worth less than the DSHS debt, I
would say your estate is not truly insolvent. If you sell the car at FMV, then
where is the harm to creditors?<o:p></o:p></SPAN></P>
<P class=MsoNormal><SPAN style="COLOR: #1f497d"><o:p></o:p></SPAN> </P>
<P class=MsoNormal><SPAN style="COLOR: #1f497d">Once you know it is insolvent,
then my understanding of the statute is that you must suspend PR activity until
you get to hearing on the insolvency.<o:p></o:p></SPAN></P>
<P class=MsoNormal><SPAN style="COLOR: #1f497d"><o:p></o:p></SPAN> </P>
<P class=MsoNormal><SPAN style="COLOR: #1f497d">But I nursed an estate along for
two years on the <I>brink</I> of insolvency. , Our real estate in that estate
had a broad range of values, based on various agents’ views of the conditions on
site. We finally received a low offer, after a long time on market.
The offer was for less than the creditor’s claims. I then went to the creditors
and negotiated a settlement, which paid the creditors a reduced amount, paid the
PR for their time, paid administration expense and resulted in closing without
sending out the notice or terminating the NI powers. <o:p></o:p></SPAN></P>
<P class=MsoNormal><SPAN style="COLOR: #1f497d"><o:p></o:p></SPAN> </P>
<DIV>
<P class=MsoNormal style="TEXT-AUTOSPACE: ; punctuation-wrap: hanging"><SPAN
style="POSITION: relative; COLOR: #1f497d; TOP: 0pt; mso-text-raise: 0pt">Michael
A. Winslow<o:p></o:p></SPAN></P>
<P class=MsoNormal style="TEXT-AUTOSPACE: ; punctuation-wrap: hanging"><SPAN
style="POSITION: relative; COLOR: #1f497d; TOP: 0pt; mso-text-raise: 0pt">1204
Cleveland Ave.<o:p></o:p></SPAN></P>
<P class=MsoNormal style="TEXT-AUTOSPACE: ; punctuation-wrap: hanging"><SPAN
style="POSITION: relative; COLOR: #1f497d; TOP: 0pt; mso-text-raise: 0pt">Mount
Vernon, WA 98273<o:p></o:p></SPAN></P>
<P class=MsoNormal style="TEXT-AUTOSPACE: ; punctuation-wrap: hanging"><SPAN
style="POSITION: relative; COLOR: #1f497d; TOP: 0pt; mso-text-raise: 0pt">Ph.
360-336-3321<o:p></o:p></SPAN></P>
<P class=MsoNormal style="TEXT-AUTOSPACE: ; punctuation-wrap: hanging"><SPAN
style="POSITION: relative; COLOR: #1f497d; TOP: 0pt; mso-text-raise: 0pt">Em.
Mike@winslegal.com<o:p></o:p></SPAN></P>
<P class=MsoNormal style="TEXT-AUTOSPACE: ; punctuation-wrap: hanging"><SPAN
style="POSITION: relative; COLOR: #1f497d; TOP: 0pt; mso-text-raise: 0pt"><o:p></o:p></SPAN> </P>
<P class=MsoNormal style="TEXT-AUTOSPACE: ; punctuation-wrap: hanging"><SPAN
style="POSITION: relative; COLOR: #1f497d; TOP: 0pt; mso-text-raise: 0pt">This
message is from an attorney, so it’s confidential. If you are not the intended
recipient, it’s too late to stop reading this message, but you may not use it
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<P class=MsoNormal><SPAN style="COLOR: #1f497d"><o:p></o:p></SPAN> </P>
<DIV>
<DIV
style="BORDER-TOP: #b5c4df 1pt solid; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0in; PADDING-TOP: 3pt; PADDING-LEFT: 0in; BORDER-LEFT: medium none; PADDING-RIGHT: 0in">
<P class=MsoNormal style="TEXT-AUTOSPACE: ; punctuation-wrap: hanging"><B><SPAN
style='FONT-SIZE: 10pt; FONT-FAMILY: "Tahoma","sans-serif"; POSITION: relative; COLOR: windowtext; TOP: 0pt; mso-text-raise: 0pt'>From:</SPAN></B><SPAN
style='FONT-SIZE: 10pt; FONT-FAMILY: "Tahoma","sans-serif"; POSITION: relative; COLOR: windowtext; TOP: 0pt; mso-text-raise: 0pt'>
wsbapt-bounces@lists.wsbarppt.com [mailto:wsbapt-bounces@lists.wsbarppt.com]
<B>On Behalf Of </B>Lovie Bernardi<BR><B>Sent:</B> Monday, July 27, 2015 2:38
PM<BR><B>To:</B> cole-gilday@stanwoodlaw.net; WSBA Probate & Trust
Listserv<BR><B>Subject:</B> Re: [WSBAPT] Apparently insolvent
estate<o:p></o:p></SPAN></P></DIV></DIV>
<P class=MsoNormal><o:p></o:p> </P>
<P class=MsoNormal><SPAN style="COLOR: #1f497d">Can anyone tell me if the
administrator can continue to use her non-intervention powers at this point? Or
is it better to hold off on any actions until after we petition the court for
further direction? <o:p></o:p></SPAN></P>
<P class=MsoNormal><SPAN style="COLOR: #1f497d"><o:p></o:p></SPAN> </P>
<DIV>
<DIV
style="BORDER-TOP: #b5c4df 1pt solid; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0in; PADDING-TOP: 3pt; PADDING-LEFT: 0in; BORDER-LEFT: medium none; PADDING-RIGHT: 0in">
<P class=MsoNormal style="TEXT-AUTOSPACE: ; punctuation-wrap: hanging"><B><SPAN
style='FONT-SIZE: 10pt; FONT-FAMILY: "Tahoma","sans-serif"; POSITION: relative; COLOR: windowtext; TOP: 0pt; mso-text-raise: 0pt'>From:</SPAN></B><SPAN
style='FONT-SIZE: 10pt; FONT-FAMILY: "Tahoma","sans-serif"; POSITION: relative; COLOR: windowtext; TOP: 0pt; mso-text-raise: 0pt'>
<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>Robert R. Cole<BR><B>Sent:</B> Monday, July 27, 2015 11:54
AM<BR><B>To:</B> <A
href="mailto:wsbapt@lists.wsbarppt.com">wsbapt@lists.wsbarppt.com</A><BR><B>Subject:</B>
Re: [WSBAPT] Apparently insolvent estate<o:p></o:p></SPAN></P></DIV></DIV>
<P class=MsoNormal><o:p></o:p> </P>
<P class=MsoNormal>How many other unpaid creditors do you have? If few,
might talk with DSHS re: keeping the non-intervention powers, by them getting
everything after the others are paid.<o:p></o:p></P>
<DIV>
<P class=MsoNormal>Very Truly Yours,<o:p></o:p></P>
<P class=MsoNormal>Robert R. Cole<o:p></o:p></P>
<P class=MsoNormal>Law Office of Cole & Gilday, P.C. <o:p></o:p></P>
<P class=MsoNormal> <o:p></o:p></P>
<P class=MsoNormal>10101 - 270th St. NW <o:p></o:p></P>
<P class=MsoNormal>P.O. Box 249 <o:p></o:p></P>
<P class=MsoNormal>Stanwood, WA 98292 <o:p></o:p></P>
<P class=MsoNormal>(360) 629-2900 (Telephone) <o:p></o:p></P>
<P class=MsoNormal>(360) 629-0220 (Fax) <o:p></o:p></P>
<P class=MsoNormal> <o:p></o:p></P>
<P class=MsoNormal>This message contains confidential and privileged information
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<DIV>
<P class=MsoNormal style="TEXT-AUTOSPACE: ; punctuation-wrap: hanging"><SPAN
style="POSITION: relative; TOP: 0pt; mso-text-raise: 0pt">On 7/27/2015 11:44 AM,
Lovie Bernardi wrote:<o:p></o:p></SPAN></P></DIV>
<BLOCKQUOTE style="MARGIN-BOTTOM: 5pt; MARGIN-TOP: 5pt">
<P class=MsoNormal>Dear listmates,<o:p></o:p></P>
<P class=MsoNormal> <o:p></o:p></P>
<P class=MsoNormal>I recently opened an intestate probate with limited assets
that appeared solvent at the time of filing. One asset, part ownership in a
tavern (actually shares of stock in the small corporation that owns the
tavern), has yet to be valued (we’ve just started negotiations for a buyout by
the other owner.) A car is up for sale on Craigslist. When I arrived at the
office this morning there was a large envelope from DSHS, a creditor’s claim
for $90,000 for medical bills paid out over several years, and a request for
special notice. The PR was unaware of this possible claim.<o:p></o:p></P>
<P class=MsoNormal> <o:p></o:p></P>
<P class=MsoNormal>I realize I need to file a Notice of Apparent Insolvency
and schedule a hearing, with notice to heirs, unpaid creditors and those
requesting special notice. What can be done in the meantime, pending the
hearing? Can the PR sell the car if she receives offers? The special notice
statute requires notice of petitions to sell assets of the estate, and under
her nonintervention powers would not have petitioned the court for the sale of
the car. Can we negotiate the sales price of the tavern and complete the
sale? If anyone has a sample of something they’ve filed, that would be
appreciated. Thanks in advance for your help.<o:p></o:p></P>
<P class=MsoNormal> <o:p></o:p></P>
<P class=MsoNormal><SPAN
style='FONT-SIZE: 10pt; FONT-FAMILY: "Arial","sans-serif"'>Lovie
Bernardi</SPAN><o:p></o:p></P>
<P class=MsoNormal><SPAN
style='FONT-SIZE: 10pt; FONT-FAMILY: "Arial","sans-serif"'>Attorney at
Law</SPAN><o:p></o:p></P>
<P class=MsoNormal><SPAN
style='FONT-SIZE: 10pt; FONT-FAMILY: "Arial","sans-serif"'>Seligmann &
Flaherty, PLLC</SPAN><o:p></o:p></P>
<P class=MsoNormal><SPAN
style='FONT-SIZE: 10pt; FONT-FAMILY: "Arial","sans-serif"'>216 First AVE S,
#450</SPAN><o:p></o:p></P>
<P class=MsoNormal><SPAN
style='FONT-SIZE: 10pt; FONT-FAMILY: "Arial","sans-serif"'>Seattle, WA
98104</SPAN><o:p></o:p></P>
<P class=MsoNormal><SPAN
style='FONT-SIZE: 10pt; FONT-FAMILY: "Arial","sans-serif"'>(206)
682-2616</SPAN><o:p></o:p></P>
<P class=MsoNormal><SPAN
style='FONT-SIZE: 12pt; FONT-FAMILY: "Arial","sans-serif"'> </SPAN><o:p></o:p></P>
<P class=MsoNormal><A href="mailto:joni@sbfirm.com"><SPAN
style='FONT-SIZE: 10pt; FONT-FAMILY: "Arial","sans-serif"'>lovie@sbfirm.com</SPAN></A><o:p></o:p></P>
<P class=MsoNormal><A href="http://sbfirm.com/"><SPAN
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style='FONT-SIZE: 12pt; FONT-FAMILY: "Times New Roman","serif"; POSITION: relative; TOP: 0pt; mso-text-raise: 0pt'><BR><BR><o:p></o:p></SPAN></P><PRE>_______________________________________________<o:p></o:p></PRE><PRE>WSBAPT mailing list<o:p></o:p></PRE><PRE><A href="mailto:WSBAPT@lists.wsbarppt.com">WSBAPT@lists.wsbarppt.com</A><o:p></o:p></PRE><PRE><A href="http://mailman.fsr.com/mailman/listinfo/wsbapt">http://mailman.fsr.com/mailman/listinfo/wsbapt</A><o:p></o:p></PRE></BLOCKQUOTE>
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