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<p class="MsoNormal" style="text-autospace:none"><span style="font-size:12.0pt;font-family:"Arial",sans-serif">Listmates,<o:p></o:p></span></p>
<p class="MsoNormal" style="text-autospace:none"><span style="font-size:12.0pt;font-family:"Arial",sans-serif"><o:p> </o:p></span></p>
<p class="MsoNormal" style="text-autospace:none"><span style="font-size:12.0pt;font-family:"Arial",sans-serif">I represent a PR with non-intervention powers in an estate where one of the beneficiaries is a minor. We are trying to open a blocked financial account
for the minor’s share of the estate per RCW 11.76.095(1) (see below). Although I do not read the statute as requiring a PR with non-intervention powers to obtain a court order to open such an account, US Bank would not open the account without one. OK, so
I got a court order directing the PR to distribute the minor’s share to a blocked account subject to withdrawal only upon the order of the court in the probate proceeding, or upon the beneficiary attaining the age of 18 and furnishing proof thereof satisfactory
to the depositary. <o:p></o:p></span></p>
<p class="MsoNormal" style="text-autospace:none"><span style="font-size:12.0pt;font-family:"Arial",sans-serif"><o:p> </o:p></span></p>
<p class="MsoNormal" style="text-autospace:none"><span style="font-size:12.0pt;font-family:"Arial",sans-serif">However, US Bank still refuses to open the account because the order does not specify who is to be the custodian of the account! The reason my client
wanted to open a blocked financial account in the first place was because there aren’t any good candidates to serve as custodian of the funds for the minor. Has anyone had success opening a blocked financial account for a minor beneficiary pursuant to 11.76.095(1)
without naming a custodian and, if so, at which financial institution?<o:p></o:p></span></p>
<p class="MsoNormal" style="text-autospace:none"><span style="font-size:12.0pt;font-family:"Arial",sans-serif"><o:p> </o:p></span></p>
<p class="MsoNormal" style="text-autospace:none"><span style="font-size:12.0pt;font-family:"Arial",sans-serif"><o:p> </o:p></span></p>
<p class="MsoNormal" style="text-autospace:none"><u><span style="font-size:12.0pt;font-family:"Arial",sans-serif">RCW 11.76.095<o:p></o:p></span></u></p>
<p class="MsoNormal" style="text-autospace:none"><span style="font-size:12.0pt;font-family:"Arial",sans-serif">When a decree of distribution is made by the court in administration upon a decedent's estate or<o:p></o:p></span></p>
<p class="MsoNormal" style="text-autospace:none"><span style="font-size:12.0pt;font-family:"Arial",sans-serif">when distribution is made by a personal representative under a nonintervention will and<o:p></o:p></span></p>
<p class="MsoNormal" style="text-autospace:none"><span style="font-size:12.0pt;font-family:"Arial",sans-serif">distribution is ordered under such decree or authorized under such nonintervention will to a person<o:p></o:p></span></p>
<p class="MsoNormal" style="text-autospace:none"><span style="font-size:12.0pt;font-family:"Arial",sans-serif">under the age of eighteen years, it shall be required that:<o:p></o:p></span></p>
<p class="MsoNormal" style="text-autospace:none"><span style="font-size:12.0pt;font-family:"Arial",sans-serif"><o:p> </o:p></span></p>
<p class="MsoNormal" style="text-autospace:none"><span style="font-size:12.0pt;font-family:"Arial",sans-serif">(1) The money be deposited in a bank or trust company or be invested in an account in an<o:p></o:p></span></p>
<p class="MsoNormal" style="text-autospace:none"><span style="font-size:12.0pt;font-family:"Arial",sans-serif">insured financial institution for the benefit of the minor subject to withdrawal only upon the<o:p></o:p></span></p>
<p class="MsoNormal" style="text-autospace:none"><span style="font-size:12.0pt;font-family:"Arial",sans-serif">order of the court in the original probate proceeding, or upon said minor's attaining the age<o:p></o:p></span></p>
<p class="MsoNormal" style="text-autospace:none"><span style="font-size:12.0pt;font-family:"Arial",sans-serif">of eighteen years and furnishing proof thereof satisfactory to the depositary;<o:p></o:p></span></p>
<p class="MsoNormal" style="text-autospace:none"><span style="font-size:12.0pt;font-family:"Arial",sans-serif"><o:p> </o:p></span></p>
<p class="MsoNormal" style="text-autospace:none"><span style="font-size:12.0pt;font-family:"Arial",sans-serif">(2) A general guardian shall be appointed and qualify and the money or property be paid or<o:p></o:p></span></p>
<p class="MsoNormal" style="text-autospace:none"><span style="font-size:12.0pt;font-family:"Arial",sans-serif">delivered to such guardian prior to the discharge of the personal representative in the<o:p></o:p></span></p>
<p class="MsoNormal" style="text-autospace:none"><span style="font-size:12.0pt;font-family:"Arial",sans-serif">original probate proceeding; or<o:p></o:p></span></p>
<p class="MsoNormal" style="text-autospace:none"><span style="font-size:12.0pt;font-family:"Arial",sans-serif"><o:p> </o:p></span></p>
<p class="MsoNormal" style="text-autospace:none"><span style="font-size:12.0pt;font-family:"Arial",sans-serif">(3) A custodian be selected and the money or property be transferred to the custodian subject<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Arial",sans-serif">to chapter 11.114 RCW.</span><o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Sincerely,<o:p></o:p></p>
<p class="MsoNormal">Jon M. Fritzler<o:p></o:p></p>
<p class="MsoNormal">Attorney at Law<o:p></o:p></p>
<p class="MsoNormal">PO Box 61451<o:p></o:p></p>
<p class="MsoNormal">Vancouver, WA 98666<o:p></o:p></p>
<p class="MsoNormal">Tel. 360.818.4431<o:p></o:p></p>
<p class="MsoNormal">Eml <a href="mailto:fritzlerlaw@outlook.com"><span style="color:blue">fritzlerlaw@outlook.com</span></a><o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">CONFIDENTIALITY<o:p></o:p></p>
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the person responsible for delivering the email to the addressee, you are hereby notified that reading, using, copying, distributing or disseminating this communication is strictly prohibited. If you think that you have received this email message in error,
please email the sender at <a href="mailto:fritzlerlaw@outlook.com"><span style="color:blue">fritzlerlaw@outlook.com</span></a>. Thank you.<o:p></o:p></p>
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