<html><head><meta http-equiv="content-type" content="text/html; charset=utf-8"></head><body dir="auto"><div>Sharon: </div><div id="AppleMailSignature"><br></div><div id="AppleMailSignature">I like Rebecca's language. But I always characterize the debt as an advance against the beneficiary's share instead of a debt. The reason is that if the beneficiary has obtained a discharge in bankruptcy the debt is no longer worth anything as an asset of the estate and its distribution is a nullify - it does not reduce the recipient's share of the residue. </div><div id="AppleMailSignature"><br></div><div id="AppleMailSignature">John J. Sullivan<br><br>Sent from my iPhone</div><div><br>On Sep 11, 2017, at 1:17 PM, Rebecca King <<a href="mailto:rebecca@nwelg.com">rebecca@nwelg.com</a>> wrote:<br><br></div><blockquote type="cite"><div>
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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">Sharon, this is the language we often use in such situations:<o:p></o:p></span></p>
<p class="MsoNormal" style="text-indent:.5in;text-autospace:none"><span style="font-family:"Book Antiqua","serif"">NAME1 is currently indebted to me in the principal sum of $_____ resulting from loans made by me. This loan amount is non-interest bearing. I
direct that no action to collect such debt be taken at my death. However, NAME1’s share of my estate shall be offset by any remaining unpaid loan balance. The burden of proof shall be on NAME1 to substantiate that the loan has been partially or fully repaid.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">Some of the language may not be applicable to your situation, but I hope it will serve as a starting point.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">Regards,<o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Script MT Bold";color:black">Rebecca King<o:p></o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:black">Northwest Elder Law Group</span></b><b><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:black"><o:p></o:p></span></b></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:black">2150 N. 107<sup>th</sup> Street, Suite 501<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:black">Seattle, WA 98133<o:p></o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif"">From:</span></b><span style="font-size:10.0pt;font-family:"Tahoma","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>Sharon Rutberg<br>
<b>Sent:</b> Monday, September 11, 2017 1:01 PM<br>
<b>To:</b> <a href="mailto:wsbapt@lists.wsbarppt.com">wsbapt@lists.wsbarppt.com</a><br>
<b>Subject:</b> [WSBAPT] question on right of retainer<o:p></o:p></span></p>
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<p><span style="font-family:"Calibri","sans-serif";color:black">Happy Monday, list mates --<o:p></o:p></span></p>
<p><span style="font-family:"Calibri","sans-serif";color:black"><o:p> </o:p></span></p>
<p><span style="font-family:"Calibri","sans-serif";color:black">I am writing wills for clients who are concerned that if their estate were divided among their three children at the death of the second spouse to die, one child might have an outstanding debt
to the parents that should be offset from her distributive share. As I read the law of Washington, the doctrine of retainer says that the debt should indeed be set off or "retained" before the shares are distributed. Does anyone include language in their
wills to account for this circumstance - that is, to refer to the loan and express the intent of the testator that the offset should occur?
<o:p></o:p></span></p>
<p><span style="font-family:"Calibri","sans-serif";color:black"><o:p> </o:p></span></p>
<p><span style="font-family:"Calibri","sans-serif";color:black">Thanks,<o:p></o:p></span></p>
<p><span style="font-family:"Calibri","sans-serif";color:black">Sharon<o:p></o:p></span></p>
<p><span style="font-family:"Calibri","sans-serif";color:black"><o:p> </o:p></span></p>
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<p><span style="font-size:9.0pt;font-family:"Verdana","sans-serif";color:black">Sharon C. Rutberg, Attorney at Law</span><span style="font-family:"Calibri","sans-serif";color:black"><o:p></o:p></span></p>
<p><span style="font-size:9.0pt;font-family:"Verdana","sans-serif";color:black">Salmon Bay Law Group, PLLC</span><span style="font-family:"Calibri","sans-serif";color:black"><o:p></o:p></span></p>
<p><span style="font-size:9.0pt;font-family:"Verdana","sans-serif";color:black">1734 NW Market St.</span><span style="font-family:"Calibri","sans-serif";color:black"><o:p></o:p></span></p>
<p><span style="font-size:9.0pt;font-family:"Verdana","sans-serif";color:black">Seattle, WA 98107</span><span style="font-family:"Calibri","sans-serif";color:black"><o:p></o:p></span></p>
<p><span style="font-size:9.0pt;font-family:"Verdana","sans-serif";color:black">206-735-3177, ext. 2</span><span style="font-family:"Calibri","sans-serif";color:black"><o:p></o:p></span></p>
<p><span style="font-family:"Calibri","sans-serif";color:black"><a href="mailto:sharon@salmonbaylaw.com" id="LPNoLP"><span style="font-size:9.0pt;font-family:"Verdana","sans-serif"">sharon@salmonbaylaw.com</span></a></span><span style="font-size:9.0pt;font-family:"Verdana","sans-serif";color:black">
</span><span style="font-family:"Calibri","sans-serif";color:black"><o:p></o:p></span></p>
<p><span style="font-size:9.0pt;font-family:"Verdana","sans-serif";color:black">Website:
<a href="http://www.salmonbaylaw.com">www.salmonbaylaw.com</a></span><span style="font-family:"Calibri","sans-serif";color:black"><o:p></o:p></span></p>
<p><span style="font-size:9.0pt;font-family:"Verdana","sans-serif";color:black">Washington State Bar #47055<br>
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