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<p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Verdana",sans-serif;color:black">I have always maintained that the monies must be turned over to the Department of Revenue under the unclaimed property statute since it references heirs and rightful
owners. This is the same for trust account monies to be distributed when client can no longer be found.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Verdana",sans-serif;color:black"><o:p> </o:p></span></p>
<p class="MsoNormal" style="margin-bottom:11.25pt"><span style="font-size:16.0pt;font-family:"Arial",sans-serif;color:#595959">About Unclaimed Property<o:p></o:p></span></p>
<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:#606060">Unclaimed property refers to property being held by an organization that has not had contact with the
owner for an extended period of time. Property is usually considered unclaimed after three years, when it is turned over to the state of Washington. Banks, retailers, credit unions, utilities, corporations, insurance companies, and governmental entities are
some of the many sources of unclaimed property. <o:p></o:p></span></p>
<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:#606060">The Department of Revenue is the custodian for unclaimed property, and it administers an unclaimed property
program to seek the rightful owners. <o:p></o:p></span></p>
<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:#606060">Typical unclaimed property includes:<o:p></o:p></span></p>
<ul type="disc">
<li class="MsoNormal" style="color:#606060;mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;margin-left:0in;mso-list:l0 level1 lfo1">
<span style="font-size:9.5pt;font-family:"Arial",sans-serif">Bank accounts<o:p></o:p></span></li><li class="MsoNormal" style="color:#606060;mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;margin-left:0in;mso-list:l0 level1 lfo1">
<span style="font-size:9.5pt;font-family:"Arial",sans-serif">Insurance proceeds<o:p></o:p></span></li><li class="MsoNormal" style="color:#606060;mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;margin-left:0in;mso-list:l0 level1 lfo1">
<span style="font-size:9.5pt;font-family:"Arial",sans-serif">Stocks, bonds and mutual funds<o:p></o:p></span></li><li class="MsoNormal" style="color:#606060;mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;margin-left:0in;mso-list:l0 level1 lfo1">
<span style="font-size:9.5pt;font-family:"Arial",sans-serif">Safe deposit box contents<o:p></o:p></span></li><li class="MsoNormal" style="color:#606060;mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;margin-left:0in;mso-list:l0 level1 lfo1">
<span style="font-size:9.5pt;font-family:"Arial",sans-serif">Utility and phone company deposits<o:p></o:p></span></li><li class="MsoNormal" style="color:#606060;mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;margin-left:0in;mso-list:l0 level1 lfo1">
<span style="font-size:9.5pt;font-family:"Arial",sans-serif">Uncashed checks, such as payroll, insurance payments, or travelers checks<o:p></o:p></span></li></ul>
<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:#606060">Unclaimed property does
<i>not</i> include real estate, vehicles, and most other physical property. <o:p>
</o:p></span></p>
<p class="MsoNormal" style="margin-bottom:6.0pt"><b><span style="font-size:11.5pt;font-family:"Arial",sans-serif;color:#595959">Unclaimed Property Law<o:p></o:p></span></b></p>
<p class="MsoNormal"><b><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:#606060">(<u><a href="http://app.leg.wa.gov/RCW/default.aspx?cite=63.29" target="_blank"><span style="color:#4981FF">Chapter 63.29</span></a></u>)</span></b><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:#606060">
<o:p></o:p></span></p>
<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:#606060">State law protects unclaimed property until it can be returned. There is no time limit for filing a claim
and rightful owners or their heirs can claim property reported since 1955. The state may auction the content of safe deposit boxes, however, if not claimed within five years.
<o:p></o:p></span></p>
<p class="MsoNormal" style="margin-bottom:6.0pt"><b><span style="font-size:11.5pt;font-family:"Arial",sans-serif;color:#595959">The State’s Role<o:p></o:p></span></b></p>
<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:#606060">The Department of Revenue administers an unclaimed property program as a free public service. More than
$1 billion in unclaimed property has been turned over to the Department of Revenue since 1955. In fiscal year 2013, the Department’s Unclaimed Property Section received property worth more than $138 million. The amount continues to grow each year. All funds
are received and administered through the Department's Unclaimed Property Program.
<o:p></o:p></span></p>
<p class="MsoNormal" style="margin-bottom:6.0pt"><b><span style="font-size:11.5pt;font-family:"Arial",sans-serif;color:#595959">Changes for Owners Claiming Securities – RCW 63.29.220<o:p></o:p></span></b></p>
<p class="MsoNormal"><u><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:#606060">Securities to be Converted to Cash</span></u><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:#606060">
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:#606060">Legislation effective December 20, 2011, directs the department to sell securities upon receipt as soon as practicable. If you submit a claim for securities and
the Department has not ordered those securities sold, you may elect to have the securities returned or receive the net proceeds of the sale. If the Department has ordered the sale of a security, owners may only claim the net proceeds as of the date of sale.</span><span style="font-size:14.0pt;font-family:"Verdana",sans-serif;color:black"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Verdana",sans-serif;color:black"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Verdana",sans-serif;color:black"><o:p> </o:p></span></p>
<div>
<p class="MsoNormal"><b><i><span style="font-size:14.0pt;font-family:"Arial Rounded MT Bold";color:#1F497D">Dalynne Singleton<o:p></o:p></span></i></b></p>
<p class="MsoNormal"><span style="font-size:14.0pt;color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><b><span style="font-size:14.0pt;color:#1F497D">Gourley Law Group<o:p></o:p></span></b></p>
<p class="MsoNormal"><b><span style="font-size:14.0pt;color:#1F497D">Snohomish Escrow<o:p></o:p></span></b></p>
<p class="MsoNormal"><b><span style="font-size:14.0pt;color:#1F497D">The Exchange Connection<o:p></o:p></span></b></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Arial Rounded MT Bold";color:#1F497D">1002 10<sup>th</sup> Street / PO Box 1091<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Arial Rounded MT Bold";color:#1F497D">Snohomish, WA 98291<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Arial Rounded MT Bold";color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Arial Rounded MT Bold";color:#1F497D">360.568.5065<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Arial Rounded MT Bold";color:#1F497D">360.329.4079<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Arial Rounded MT Bold";color:#1F497D">360.568.8092 fax<o:p></o:p></span></p>
<p class="MsoNormal"><u><span style="font-size:12.0pt;font-family:"Arial Rounded MT Bold";color:#0563C1"><a href="mailto:dalynne@glgmail.com"><span style="color:#0563C1">dalynne@glgmail.com</span></a></span></u><span style="font-size:12.0pt;font-family:"Arial Rounded MT Bold";color:#1F497D"><o:p></o:p></span></p>
<p class="MsoNormal" style="background:white"><b><i><span style="font-size:14.0pt;color:black"><o:p> </o:p></span></i></b></p>
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<p class="MsoNormal"><b>From:</b> wsbapt-bounces@lists.wsbarppt.com [mailto:wsbapt-bounces@lists.wsbarppt.com]
<b>On Behalf Of </b>Marcus Fry<br>
<b>Sent:</b> Thursday, January 19, 2017 2:58 PM<br>
<b>To:</b> WSBA Probate & Trust Listserv (wsbapt@lists.wsbarppt.com) <wsbapt@lists.wsbarppt.com><br>
<b>Subject:</b> [WSBAPT] Distribution to Missing Heirs<o:p></o:p></p>
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<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><a name="_GoBack"></a>I have a probate with thirteen siblings at heirs. With regard to one sibling, no one knows where he is at, and they speculate he is probably in Mexico. No one has any way to reach him. His share of the estate is
$5k. Besides the Absentee statute, has anyone obtained court approval to disburse to the unclaimed property division of the Dept. of Revenue? I am open to any other suggestions that a court has approved as well!<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Thank you,<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal" style="text-align:justify"><span style="font-size:10.0pt;font-family:"Arial",sans-serif">Marcus J. Fry<o:p></o:p></span></p>
<p class="MsoNormal" style="margin-bottom:12.0pt"><span style="font-size:10.0pt;font-family:"Arial",sans-serif">Lyon, Weigand & Gustafson, P.S.
<o:p></o:p></span></p>
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