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</o:shapelayout></xml><![endif]--></head><body lang=EN-US link=blue vlink=purple><div class=WordSection1><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D'>Kokie: The trust has to specify what happens when there is no money for taxes and insurance, etc. Does the trust terminate, or do the remaindermen pony up.<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D'>Tom<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><div><div style='border:none;border-top:solid #E1E1E1 1.0pt;padding:3.0pt 0in 0in 0in'><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>Kokie Adams<br><b>Sent:</b> Monday, April 11, 2016 1:04 PM<br><b>To:</b> WSBA Probate & Trust Listserv <wsbapt@lists.wsbarppt.com><br><b>Subject:</b> Re: [WSBAPT] Providing SS right to remain in home after death<o:p></o:p></span></p></div></div><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal><span style='font-size:11.0pt;color:#2F5496'>Question on residence trusts – what happens where there is no money placed in the Trust and the beneficiary is unable (or unwilling) to pay for the expenses? And how are administrative fees of the Trust paid?<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;color:#2F5496'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;color:#2F5496'>I notice more people are requesting a “life estate” type of situation for which I use a residence trust and wondered about what amount of money to place in such trusts. <o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;color:#2F5496'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;color:#2F5496'>Thanks, <o:p></o:p></span></p><div><p class=MsoNormal><b><span style='color:#2F5496'>Kokie Adams<o:p></o:p></span></b></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif;color:#2F5496'><img width=308 height=47 id="Picture_x0020_2" src="cid:image001.jpg@01D1941B.7F30FDC0" alt=Adams-Logo-Print-300dpi-900wide><o:p></o:p></span></p><p class=MsoNormal><b><span style='color:#4472C4'><o:p> </o:p></span></b></p><p class=MsoNormal><b><span style='font-size:11.0pt;color:#2F5496'>Office: </span></b><span style='font-size:11.0pt;color:#2F5496'>425.774.0444 <b>| Fax: 425.771.2711</b> <o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;color:#2F5496'><a href="mailto:kokie@adamslawgroupnw.com"><span style='color:#2F5496'>kokie@adamslawgroupnw.com</span></a> <o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;color:#2F5496'><a href="http://www.adamslawgroupnw.com/"><span style='color:#2F5496'>www.adamslawgroupnw.com</span></a><o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;color:#2F5496'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;color:#2F5496'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;color:#2F5496'><o:p> </o:p></span></p></div><p class=MsoNormal><span style='font-size:11.0pt;color:#2F5496'><o:p> </o:p></span></p><div><div style='border:none;border-top:solid #E1E1E1 1.0pt;padding:3.0pt 0in 0in 0in'><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'> <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>Tom Stuen<br><b>Sent:</b> Thursday, April 07, 2016 12:00 PM<br><b>To:</b> 'WSBA Probate & Trust Listserv' <<a href="mailto:wsbapt@lists.wsbarppt.com">wsbapt@lists.wsbarppt.com</a>><br><b>Subject:</b> Re: [WSBAPT] Providing SS right to remain in home after death<o:p></o:p></span></p></div></div><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D'>Ashley: Attached is the form I use.<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D'>Tom<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'> <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>Ashley Raymond<br><b>Sent:</b> Thursday, April 07, 2016 11:38 AM<br><b>To:</b> <a href="mailto:wsbapt@lists.wsbarppt.com">wsbapt@lists.wsbarppt.com</a><br><b>Subject:</b> [WSBAPT] Providing SS right to remain in home after death<o:p></o:p></span></p><p class=MsoNormal><o:p> </o:p></p><div><p class=MsoNormal>I was wondering what the best practice is for providing in a will that, while the house goes to the kids, the surviving spouse has the right to reside in the home (and responsibility of paying taxes, etc.) Should the home be put into a trust with the kids as trustees or is it okay to just outline the terms in the will? What if there is a mortgage on the home?<o:p></o:p></p><div><p class=MsoNormal><o:p> </o:p></p></div><div><p class=MsoNormal>Thanks,<o:p></o:p></p></div><div><p class=MsoNormal><br clear=all><o:p></o:p></p><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><p class=MsoNormal><b><span style='font-size:10.0pt;font-family:"Arial",sans-serif'>Ashley Raymond, J.D., LL.M.</span></b><o:p></o:p></p></div><div><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Arial",sans-serif;color:#666666'>Ashley Raymond, PLLC</span><o:p></o:p></p></div><div><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Arial",sans-serif;color:#666666'>707 S. Grady Way, Suite 600</span><o:p></o:p></p></div><div><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Arial",sans-serif;color:#666666'>Renton, WA 98057</span><o:p></o:p></p></div><p class=MsoNormal><span style='color:#666666'>Ph: 425-496-7495 | Fax: 425-406-6331</span><o:p></o:p></p></div><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Arial",sans-serif'><a href="mailto:ashley@ashleyraymondlaw.com" target="_blank">ashley@ashleyraymondlaw.com</a></span><o:p></o:p></p><p class=MsoNormal align=center style='text-align:center'><o:p> </o:p></p><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Arial",sans-serif'>Bellevue Office:</span><o:p></o:p></p><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Arial",sans-serif;color:#666666'>110 110th Ave NE, Suite 100</span><o:p></o:p></p><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Arial",sans-serif;color:#666666'>Bellevue, WA 98004 </span><span style='font-size:10.0pt;font-family:"Arial",sans-serif'> </span><o:p></o:p></p><div><p class=MsoNormal><o:p> </o:p></p></div><p class=MsoNormal><span style='font-size:7.5pt;font-family:"Arial",sans-serif;color:blue'><a href="http://ashleyraymondlaw.com" target="_blank">Website</a> | <a href="http://facebook.com/ashleyraymondlaw" target="_blank">Facebook</a> </span><span style='font-size:7.5pt;font-family:"Arial",sans-serif;color:black'>| </span><span style='font-size:7.5pt;font-family:"Arial",sans-serif;color:blue'><a href="http://linkedin.com/in/ashleyr" target="_blank">Linkedin</a></span><span style='font-size:7.5pt;font-family:"Arial",sans-serif'> | <a href="http://www.avvo.com/attorneys/98188-wa-ashley-raymond-1441776.html" target="_blank">Avvo</a></span><o:p></o:p></p></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></body></html>