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<div id="divRplyFwdMsg" dir="ltr"><font style="font-size:11pt" color="#000000" face="Calibri, sans-serif"><b>From:</b> wsbapt-bounces@lists.wsbarppt.com <wsbapt-bounces@lists.wsbarppt.com> on behalf of Michael Atkins <michael@westseattleattorney.com><br>
<b>Sent:</b> Thursday, July 20, 2017 1:35 PM<br>
<b>To:</b> WSBA Probate & Trust Listserv<br>
<b>Subject:</b> Re: [WSBAPT] Community Property Agreement Effective At Death</font>
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<div><span class="mceItemHidden">Please post </span></div>
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<div id="wmQuoteWrapper"><span class="mceItemHidden">-------- Original Message --------</span><br>
<span class="mceItemHidden">Subject: [<span class="mceItemHiddenSpellWord">WSBAPT</span>] Community Property Agreement Effective At Death</span><br>
<span class="mceItemHidden">From: Thomas White <<a href="mailto:Thomas.H.White@KingCountyBusinessLaw.com">Thomas.H.White@KingCountyBusinessLaw.com</a>></span><br>
<span class="mceItemHidden">Date: Thu, July 20, 2017 1:11 pm</span><br>
<span class="mceItemHidden">To: "<a href="mailto:wsbapt@lists.wsbarppt.com">wsbapt@lists.wsbarppt.com</a>" <<a href="mailto:wsbapt@lists.wsbarppt.com">wsbapt@lists.wsbarppt.com</a>></span><br>
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<div class="MsoNormal" style="font-size:12pt"><span class="mceItemHidden">Dear Hive Mind:</span></div>
<div class="MsoNormal" style="font-size:12pt"><span class="mceItemHidden"> </span></div>
<div class="MsoNormal" style="font-size:12pt"><span class="mceItemHidden">I am drafting a CPA for a couple as part of their estate planning. Estate is too small to be taxable. (~1.2M). I have a basic question:</span></div>
<div class="MsoNormal" style="font-size:12pt"><span class="mceItemHidden"> </span></div>
<div class="MsoNormal" style="font-size:12pt"><span class="mceItemHidden">Is there any disadvantage to using a CPA that is an agreement converting property to community property at death and vesting interest in the second spouse then, rather than a traditional
three-prong CPA that converts all property immediately? Have you ever had any problem with these?</span></div>
<div class="MsoNormal" style="font-size:12pt"><span class="mceItemHidden"> </span></div>
<div class="MsoNormal" style="font-size:12pt"><span class="mceItemHidden">There is a template in the
<span class="mceItemHiddenSpellWord">Deskbook</span>. My first thought is that it would avoid many of the unintended consequences of entering into a CPA. (E.g. allocation of property on divorce, creditors’ ability to reach separate property).</span></div>
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<div class="MsoNormal" style="font-size:12pt"><span class="mceItemHidden">Kind Regards,</span></div>
<div class="MsoNormal" style="font-size:12pt"><span class="mceItemHidden"> </span></div>
<div class="MsoNormal" style="font-size:12pt"><span class="mceItemHidden">Tom</span></div>
<div class="MsoNormal" style="font-size:12pt"><span class="mceItemHidden"> </span></div>
<div class="MsoNormal" style="font-size:12pt"><span class="mceItemHidden">--</span></div>
<div class="MsoNormal" style="font-size:12pt"><span class="mceItemHidden">Thomas H. White</span></div>
<div class="MsoNormal" style="font-size:12pt"><span class="mceItemHidden">(206) 552-8650</span></div>
<div class="MsoNormal" style="font-size:12pt"><span class="mceItemHidden">Attorney/Owner</span></div>
<div class="MsoNormal" style="font-size:12pt"><span class="mceItemHidden">King County Business Law</span></div>
<div class="MsoNormal" style="font-size:12pt"><a target="_blank" href="https://linkedin.com/in/LawGuy"><span style="color:blue"><span class="mceItemHidden">https://linkedin.com/in/LawGuy</span></span></a><u><span style="color:blue"></span></u></div>
<div class="MsoNormal" style="font-size:12pt"><a target="_blank" href="mailto:Thomas.H.White@KingCountyBusinessLaw.com"><span style="color:blue"><span class="mceItemHidden">Thomas.H.White@KingCountyBusinessLaw.com</span></span></a><u><span style="color:blue"></span></u></div>
<div class="MsoNormal" style="font-size:12pt"><span class="mceItemHidden"> </span></div>
<div class="MsoNormal" style="font-size:12pt"><span class="mceItemHidden">NOTICE: This message and related data is intended only for confidential use by the designated recipients. The information may be legally privileged and should not be disclosed without
approval of the sender. If you have received this in error, please destroy this email and notify the sender immediately. Thank you for your assistance. Unless expressly stated herein, this communication is not to be used for avoiding federal tax penalties.
IRS Circular 230.</span></div>
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