<div dir="ltr"><div>Hello again Listserve,<br></div><div><br></div><div>Thank you for all the replies.</div><div><br></div><div>I considered a will that creates a testamentary trust. But that will only have authority over the first deceased spouse's portion of the estate, not the complete joint community estate at date of death. </div><div><br></div><div>It appears that this couple wants the surviving spouse to have full use and enjoyment of the joint estate, but they also believe the surviving spouse should continue their joint venture to produce a greater estate that eventually Both children should share equally from (not have the surviving child of the first deceased spouse only enjoy their portion of the joint community value at their date of death). </div><div><br></div><div>This is because the couple is currently <span><span>in a legal battle over the value of a large piece of waterfront property which they do not anticipate will be resolved for some years. And if one of the spouses dies during the litigation, their child will not realize the true value of the asset (if the surviving spouse is successful in continuing their case, of course) because the property will be valued as of the date of the first spouse's death (less than 30% of its "true" fair market value).. <span></span></span></span></div><div> </div><div>Perhaps the first deceased spouse's community value can be considered as investment capital/funding in the remaining life of the surviving spouse which most likely will be used to continue the litigation... Or am I over thinking this...?</div><div><span><span><br></span></span></div><div><div><span><span>Thank you.</span></span></div><div><span><span><br></span></span></div><div><span><span>Roberta<span></span></span></span></div></div></div><div class="gmail_extra"><br><div class="gmail_quote">On Mon, Aug 28, 2017 at 10:32 AM, Ms. Roberta Armstrong <span dir="ltr"><<a href="mailto:robertaa@uw.edu" target="_blank">robertaa@uw.edu</a>></span> wrote:<br><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex"><div dir="ltr"><div>Good Morning Listserv!</div><div><br></div><div>H and W of 40 years. H is 15 years older than W. Both are in good health, but frequently travel out of the country.</div><div>Many assets (mostly rental properties) of ~$2.5 million in value, all community property.</div><div>Each spouse has a child prior to marriage, Child1 (H) and Child2 (W).</div><div>They would like to do an estate plan where when the first spouse dies the other spouse has unrestricted use of the joint estate but upon the passing of the last spouse, the remaining joint estate goes equally to Both children.</div><div>They do not want long term medical planning. They want to insure that the surviving spouse's (if they were to remarry) new spouse does not inherit anything from the joint estate. </div><div><br></div><div>My question is what is the best vehicle to insure the surviving spouse shares equally with the two children, specifically not disinherit the prior deceased spouse's child?</div><div><br></div><div>Thank you in advance.</div><div><br></div><div>Roberta</div><div><br clear="all"><br>-- <br></div><div class="m_-2406817849403067770gmail_signature" data-smartmail="gmail_signature"><div dir="ltr"><font color="#000000" face="Times New Roman" size="3"><strong>
</strong></font><div style="margin:0in 0in 0pt"><span style="color:rgb(31,73,125);font-family:"Garamond","serif";font-size:11pt"><strong><span style="color:red;font-family:"Garamond","serif";font-size:11pt"><em>Creator of the first on-line Indian Will Production
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</blockquote></div><br><br clear="all"><br>-- <br><div class="gmail_signature" data-smartmail="gmail_signature"><div dir="ltr"><font color="#000000" face="Times New Roman" size="3"><strong>
</strong></font><div style="margin:0in 0in 0pt"><span style="color:rgb(31,73,125);font-family:"Garamond","serif";font-size:11pt"><strong><span style="color:red;font-family:"Garamond","serif";font-size:11pt"><em>Creator of the first on-line Indian Will Production
System </em></span><span style="color:red;font-family:"Viner Hand ITC";font-size:11pt">- </span><span style="color:red;font-family:"Garamond","serif";font-size:11pt">CHECK OUT </span></strong><span style="font-family:"Times New Roman","serif";font-size:12pt"><a href="http://www.nativewill.org/" target="_blank"><b><span style="color:rgb(51,153,153);font-family:"Garamond","serif";font-size:11pt">www.NativeWill.org</span></b></a></span><b><span style="color:rgb(31,73,125);font-family:"Garamond","serif";font-size:11pt"> </span></b></span></div><div style="margin:0in 0in 0pt"><span style="color:rgb(31,73,125);font-family:"Garamond","serif";font-size:11pt"><b><span style="color:rgb(31,73,125);font-family:"Garamond","serif";font-size:11pt"><br></span></b></span></div><div style="margin:0in 0in 0pt"><span style="color:rgb(31,73,125);font-family:"Garamond","serif";font-size:11pt"><b><span style="color:rgb(31,73,125);font-family:"Garamond","serif";font-size:11pt"></span></b><strong>Ms. Roberta Armstrong</strong></span></div><font color="#000000" face="Times New Roman" size="3">
</font><p style="margin:0in 0in 0pt"><span style="color:rgb(31,73,125);font-family:"Garamond","serif";font-size:11pt">Washington State Bar Association No. 42343</span></p><font color="#000000" face="Times New Roman" size="3">
</font><p style="margin:0in 0in 0pt"><span style="color:rgb(31,73,125);font-family:"Garamond","serif";font-size:11pt">Founder and Executive Director</span></p><font color="#000000" face="Times New Roman" size="3">
</font><p style="margin:0in 0in 0pt"><span style="color:rgb(31,73,125);font-family:"Garamond","serif";font-size:11pt">Stewards of Indigenous Resources Endowment,</span></p><font color="#000000" face="Times New Roman" size="3">
</font><p style="margin:0in 0in 0pt"><i><span style="color:rgb(31,73,125);font-family:"Garamond","serif";font-size:11pt">a Non-Profit Professional Service
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</font><p style="margin:0in 0in 0pt"><span style="color:rgb(31,73,125);font-family:"Garamond","serif";font-size:11pt">P O Box 2248</span></p><font color="#000000" face="Times New Roman" size="3">
</font><p style="margin:0in 0in 0pt"><span style="color:rgb(31,73,125);font-family:"Garamond","serif";font-size:11pt">Yelm, WA 98597</span></p><font color="#000000" face="Times New Roman" size="3">
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