<html><body><span style="font-family:Times New Roman; color:#0000ff; font-size:14pt;"><div><span style="font-family:Times New Roman; color:#0000ff; font-size:14pt;"><div>Doug - thoughts on a GAL?</div><div><br></div><div>___________________________</div><div><br></div><div>Thanks Doug: I will read those again. Mike</div><div><br></div><div><img id="sigimg1" title="signature image" src="cid:sigimg1@bc116fecaf737d6e27f2ccb697441d0c" border="0" alt="" wbeuser="matkins@michaelatkinslaw.com"></div><div><br><br></div><blockquote id="replyBlockquote" webmail="1" style="border-left: 2px solid blue; margin-left: 8px; padding-left: 8px; font-size:10pt; color:black; font-family:verdana;"> <div id="wmQuoteWrapper"> -------- Original Message --------<br> Subject: Re: [WSBAPT] Super Will Provision<br> From: Doug Schafer <<a target="_blank" href="mailto:schafer@pobox.com">schafer@pobox.com</a>><br> Date: Thu, February 11, 2016 10:38 pm<br> To: WSBA Probate & Trust Listserv <<a target="_blank" href="mailto:wsbapt@lists.wsbarppt.com">wsbapt@lists.wsbarppt.com</a>><br> <br> <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 target="_blank" 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 target="_blank" 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> <div><img id="sigimg1" title="signature image" src="cid:part1.08000802.04010003@pobox.com" mce_src="imap://schafer49%40gmail%2Ecom@imap.gmail.com:993/fetch%3EUID%3E/INBOX%3E224309?header=quotebody&part=1.1.2&filename=sigimg1" alt="" wbeuser="matkins@michaelatkinslaw.com" border="0"></div> </span></div> </span> <br> <fieldset class="mimeAttachmentHeader"></fieldset> <br> <pre wrap="">_______________________________________________
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