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</o:shapelayout></xml><![endif]--></head><body lang=EN-US link=blue vlink=purple style='tab-interval:.5in'><div class=WordSection1><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";mso-bidi-font-family:"Times New Roman";color:#1F497D'>Typically the types of transactions that involve the IRA holder loaning money to themselves or a related entity are taboo, being classified as a <i style='mso-bidi-font-style:normal'>Party In Interest Transaction</i>.<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";mso-bidi-font-family:"Times New Roman";color:#1F497D'>There are businesses out there on the Interweb that will tell people they do these transactions, but the pension managers and clients with whom I deal regarding loans by Self-Directed IRAS warn against Party in Interest Transactions.<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";mso-bidi-font-family:"Times New Roman";color:#1F497D'><o:p> </o:p></span></p><div><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";mso-fareast-font-family:"Times New Roman";mso-bidi-font-family:"Times New Roman";color:#1F497D;mso-no-proof:yes'>Michael A. Winslow<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";mso-fareast-font-family:"Times New Roman";mso-bidi-font-family:"Times New Roman";color:#1F497D;mso-no-proof:yes'>1204 Cleveland Ave.<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";mso-fareast-font-family:"Times New Roman";mso-bidi-font-family:"Times New Roman";color:#1F497D;mso-no-proof:yes'>Mount Vernon, WA 98273<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";mso-fareast-font-family:"Times New Roman";mso-bidi-font-family:"Times New Roman";color:#1F497D;mso-no-proof:yes'>Ph. 360-336-3321<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";mso-fareast-font-family:"Times New Roman";mso-bidi-font-family:"Times New Roman";color:#1F497D;mso-no-proof:yes'>Em. Mike@winslegal.com<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";mso-fareast-font-family:"Times New Roman";mso-bidi-font-family:"Times New Roman";color:#1F497D;mso-no-proof:yes'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";mso-fareast-font-family:"Times New Roman";mso-bidi-font-family:"Times New Roman";color:#1F497D;mso-no-proof:yes'>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 for any improper purpose. Huge Disclaimer available upon request.<o:p></o:p></span></p></div><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";mso-bidi-font-family:"Times New Roman";color:#1F497D'><o:p> </o:p></span></p><div><div style='border:none;border-top:solid #B5C4DF 1.0pt;padding:3.0pt 0in 0in 0in'><p class=MsoNormal><b><span style='font-size:10.0pt;font-family:"Tahoma","sans-serif";mso-fareast-font-family:"Times New Roman"'>From:</span></b><span style='font-size:10.0pt;font-family:"Tahoma","sans-serif";mso-fareast-font-family:"Times New Roman"'> wsbapt-bounces@lists.wsbarppt.com [mailto:wsbapt-bounces@lists.wsbarppt.com] <b>On Behalf Of </b>John Creahan<br><b>Sent:</b> Thursday, September 29, 2016 12:26 PM<br><b>To:</b> WSBA Probate & Trust Listserv<br><b>Subject:</b> Re: [WSBAPT] Self-Directed IRA<o:p></o:p></span></p></div></div><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal><span style='font-family:"Book Antiqua","serif";color:#767171'>Hi Paul,<o:p></o:p></span></p><p class=MsoNormal><span style='font-family:"Book Antiqua","serif";color:#767171'>Transactions with self-directed IRAs are very high risk, and I recommend against them in virtually all cases. If your client wants to pursue this, Warren Baker at Fairview Law Group is the leading expert.<o:p></o:p></span></p><p class=MsoNormal><span style='font-family:"Book Antiqua","serif";color:#767171'>Thanks,<o:p></o:p></span></p><p class=MsoNormal><span style='font-family:"Book Antiqua","serif";color:#767171'>John<o:p></o:p></span></p><p class=MsoNormal><span style='font-family:"Book Antiqua","serif";color:#767171'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-family:"Book Antiqua","serif";color:#767171'><o:p> </o:p></span></p><table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 style='margin-left:-5.4pt;border-collapse:collapse;mso-yfti-tbllook:1184;mso-padding-alt:0in 0in 0in 0in'><tr style='mso-yfti-irow:0;mso-yfti-firstrow:yes;mso-yfti-lastrow:yes'><td width=247 style='width:185.3pt;padding:0in 5.4pt 0in 5.4pt'><p class=MsoNormal style='text-autospace:none'><a href="http://www.fairviewlawgroup.com/"><span style='color:#1A1F28;text-decoration:none;text-underline:none'><img border=0 width=167 height=44 id="_x0000_i1025" src="cid:image002.png@01D21A59.F92D9010"></span></a><o:p></o:p></p></td><td width=583 style='width:437.3pt;padding:0in 5.4pt 0in 5.4pt'><p class=MsoNormal style='text-autospace:none'><span style='font-family:Optima;color:#31638B'>500 Yale Ave N., Ste. 384, Seattle, WA 98109</span><o:p></o:p></p><p class=MsoNormal style='text-autospace:none'><span style='font-family:Optima;color:#31638B'>P: 206.753.0305 </span><b><span style='font-family:Optima;color:#16A53F'>|</span></b><b><span style='font-family:Optima;color:#5B7C93'> </span></b><span style='font-family:Optima;color:#5B7C93'> </span><span style='font-family:Optima;color:#31638B'>F: 206.400.1662 </span><o:p></o:p></p><p class=MsoNormal style='text-autospace:none'><u><span style='font-family:Optima;color:#16A53F'><a href="mailto:warren@fairviewlawgroup.com">warren@fairviewlawgroup.com</a></span></u><o:p></o:p></p></td></tr></table><p class=MsoNormal style='text-autospace:none'><span style='font-family:Optima;color:#1A1F28'> </span><o:p></o:p></p><p class=MsoNormal><span style='font-family:"Book Antiqua","serif";color:#767171'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-family:"Book Antiqua","serif";color:#767171'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:14.0pt;font-family:"Tw Cen MT","sans-serif";color:#595959'>John Creahan</span><span style='font-family:"Tw Cen MT","sans-serif";color:#595959'><o:p></o:p></span></p><p class=MsoNormal style='margin-bottom:12.0pt'><span style='font-family:"Tw Cen MT","sans-serif";color:#595959'>206-621-5848<br><a href="http://www.cairn-law.com/"><span style='color:#595959'>www.cairn-law.com</span></a></span><span style='font-family:"Tw Cen MT","sans-serif";color:#4F6228'><o:p></o:p></span></p><p class=MsoNormal><span style='color:#767171'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-family:"Book Antiqua","serif";color:#767171'><o:p> </o:p></span></p><p class=MsoNormal style='mso-outline-level:1'><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>Paul Grant<br><b>Sent:</b> Wednesday, September 28, 2016 4:05 PM<br><b>To:</b> Probate & Trust Listserv <<a href="mailto:wsbapt@lists.wsbarppt.com">wsbapt@lists.wsbarppt.com</a>><br><b>Subject:</b> [WSBAPT] Self-Directed IRA<o:p></o:p></span></p><p class=MsoNormal><o:p> </o:p></p><div><p class=MsoNormal>I have a client that desires to use their IRA to invest in a new business. I know there are a lot of unwary traps. If someone has recommendations to a custodian that does self-directed IRAs or someone that knows about the technical aspects I would appreciate it.<o:p></o:p></p><div><p class=MsoNormal><o:p> </o:p></p></div><div><p class=MsoNormal>As always, thank you.<br clear=all style='mso-special-character:line-break'><o:p></o:p></p><div><div><p class=MsoNormal><br>Paul H. Grant - JD, LL.M<br><br>Planning with Purpose, Inc<br>Lynnwood, WA 98036<br>425-939-9948<br><a href="http://www.planningwithpurposeinc.com" target="_blank">www.planningwithpurposeinc.com</a><br><br>Estate Planning. Business Planning. Wealth Succession.<o:p></o:p></p></div></div></div></div></div></body></html>