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<font face="Times New Roman, Times, serif">Mike, I disagree. Under
RCW 11.02.005(10) made applicable by RCW 11.11.010(7), "Nonprobate
asset" does not include: A payable-on-death provision of a life
insurance policy, annuity, or other similar contract, or of an
employee benefit plan;" so the "Specific Gifts" paragraph you
quote would not apply to the life insurance or the 401(k) employee
benefit plan distribution. Thus, they should not be treated as
advances of the recipient's share under the will.<br>
<br>
<a class="moz-txt-link-freetext" href="http://app.leg.wa.gov/RCW/default.aspx?cite=11.02.005">http://app.leg.wa.gov/RCW/default.aspx?cite=11.02.005</a><br>
<a class="moz-txt-link-freetext" href="http://app.leg.wa.gov/RCW/default.aspx?cite=11.11.010">http://app.leg.wa.gov/RCW/default.aspx?cite=11.11.010</a><br>
<br>
Doug Schafer, in Tacoma.<br>
</font><br>
<div class="moz-cite-prefix">On 2/11/2016 6:11 PM, Michael Atkins
wrote:<br>
</div>
<blockquote
cite="mid:20160211191146.fefa4777d1d7d626e84e4d7d97a1e5f8.3d93719a3b.wbe@email10.secureserver.net"
type="cite"><span style="font-family:Times New Roman;
color:#0000ff; font-size:14pt;">
<div><span>
<div><br>
</div>
<div>Decedent died in 2013. Decedent survived by an adult
son. <span>There are three residual beneficiaries :
Partner, Adult son, and minor Granddaughter who share
equally. </span></div>
<div><span>Partner received </span><span style="font-size:
14pt;">received $100,000 direct from life insurance,
Son </span><span style="font-size: 14pt;">received
$150,000 from a 401K . ( there </span><span
style="font-size: 14pt;">are no IRAs). the money has
been spent.</span></div>
<div><span style="font-size: 14pt;"> </span></div>
</span></div>
<div><span style="font-family:Times New Roman; color:#0000ff;
font-size:14pt;">
<div>Probate was started (PR non beneficiary) and income
taxes prepared and paid but essentially nothing else was
done. No GAL was appointed for minor - <u><i><b>shouldn't
there have been and shouldn't the PR do so now</b></i></u>?</div>
<div> </div>
<div>Will: Under Specific Gifts, it states: Non Probate
Assets. Pursuant to RCW 11.11.020, I wish that all non
-probate assets be governed and distributed as per my
wishes in this document (aka testamentary distribution),
specifically including but not limited to and and all
brokerage accounts, savings and checking accounts, stocks,
mutual funds, memberships, or bonds. I understand that at
the time of drafting my Individual Retirement Accounts are
not subject to RCW 11.11.020 and have dealt with them
outside of this document. Although not controlled by
statute, I also wish for all non-probate assets created
subsequent to this Last Will and Testament still be
governed by this Article. Should I ever want a non probate
asset governed outside this provision, it is my intent to
create a codicil to that effect, specifically removing it
from this Article - an absence of such a codicil upon
probate is intended to show my continued wishes. </div>
<div><br>
</div>
<div>So in dividing the assets which include a home, my
reading is that the $100,000 and $150,000 is pulled back
into the assets and treated now as an advance of their
1/3rd net share, correct?</div>
<div><br>
</div>
<div>Thanks</div>
<div>Mike</div>
<div><br>
</div>
<div><br>
</div>
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