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<p class="MsoNormal"><span style="color:#1F497D">Any bank should allow it--perhaps the terminology "community property account" is throwing them off. Just ask for a joint account
<b><u>without</u></b> right of survivorship. See <a href="http://app.leg.wa.gov/RCW/default.aspx?cite=30A.22&full=true#30A.22.050">
RCW 30A.22.050(2)</a>. On most account applications or records I've seen, there's typically a box to be checked to confirm that the account is NOT with right of survivorship. The default for most banks appears to be with ROS.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">Strictly speaking, the names on the account have no bearing on whether or not the funds in the account are or are not community property.
<a href="http://app.leg.wa.gov/RCW/default.aspx?cite=30A.22&full=true#30A.22.030">
RCW 30A.22.030(5)</a>. The issue is traceability--if the funds deposited are traceable to a community source (wages or whatever), they're community funds. If they're not really traceable, or the community and separate deposits and various withdrawals are so
muddled that it can't be sorted out, a court would generally hold that all funds are hopelessly commingled and therefore deem them all community property.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">I know you didn't ask and I'm not sure if this is relevant to your clients, but note that even if an account is JTWROS, the survivorship rights on the account is subordinate to community property rights.
<a href="http://app.leg.wa.gov/RCW/default.aspx?cite=30A.22&full=true#30A.22.100">
RCW 30A.22.100</a>, first line.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">So if the account is in name of <u>
one</u> spouse plus a third party and that spouse dies, the surviving spouse retains her/his right to at least half the deposited community property funds, because no spouse can devise/bequeath/transfer at death more than half of a community property asset.
<a href="http://app.leg.wa.gov/RCW/default.aspx?cite=26.16&full=true#26.16.030">RCW 26.16.030(1)</a>. Arguably, under some case law, the surviving spouse could argue that the ROS was wholly ineffective because the surviving spouse did not agree to the disposition.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">If the account is in name of <u>
both</u> spouses plus a third party and one spouse dies, the likely outcome is that 3/4 of the funds belong to the surviving spouse and 1/4 to the third party. Because the statute says that survivorship is subordinate to community property rights, the ROS on
the bank account should only apply to <u>half</u> the community funds in the account. So, if the account is all community property, at death of the first spouse, in theory half the balance is retained by the surviving spouse and the other half is divided equally
between surviving spouse and third party as the surviving account holders...meaning surviving spouse retains 3/4 of the account and third party gets 1/4. As a practical matter that might not mean much because the two survivors likely will just continue as
they have, and once another one of them passes the survivor inherits the whole account.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
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<p class="MsoNormal"><span style="font-size:12.0pt;color:#1F497D">Sincerely,<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;color:#1F497D">Eric<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;color:#1F497D">Eric C. Nelsen<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;color:#1F497D">SAYRE LAW OFFICES, PLLC<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;color:#1F497D">1417 31st Ave South<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;color:#1F497D">Seattle WA 98144-3909<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;color:#1F497D">phone 206-625-0092<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;color:#1F497D">fax 206-625-9040<o:p></o:p></span></p>
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<p class="MsoNormal"><span style="color:#1F497D"><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""> wsbapt-bounces@lists.wsbarppt.com [mailto:wsbapt-bounces@lists.wsbarppt.com]
<b>On Behalf Of </b>Julius, Daelyn<br>
<b>Sent:</b> Thursday, January 25, 2018 9:05 AM<br>
<b>To:</b> wsbapt@lists.wsbarppt.com<br>
<b>Subject:</b> [WSBAPT] Great Banks in Tacoma<o:p></o:p></span></p>
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<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">My married couple clients are having difficulty finding banks in Tacoma that will let them transfer their assets out of Joint Tenants With Right of Survivorship to a Community Property Account. Does anyone know of any Tacoma banks that
will let you have a Community Property Account and if not a Joint Tenants Without Right of Survivorship Account? Thanks in advance for your responses. Have a great day.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><b><span style="font-size:14.0pt;font-family:"Baskerville Old Face","serif";color:#1F497D">Daelyn Julius<o:p></o:p></span></b></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Baskerville Old Face","serif";color:#1F497D">Attorney at Law<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:8.0pt;font-family:"Baskerville Old Face","serif";color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><img border="0" width="270" height="84" id="Picture_x0020_2" src="cid:image001.png@01D395BF.B1A09660" alt="VJG logo"><span style="font-size:12.0pt;font-family:"Baskerville Old Face","serif";color:#1F497D"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:8.0pt;font-family:"Baskerville Old Face","serif";color:#548DD4"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;color:#943634">1201 Pacific Avenue, Suite 1900<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;color:#943634">PO Box 1315<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;color:#943634">Tacoma, WA 98401-1315<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;color:#943634">Office: 253-383-3791<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;color:#943634">Fax: 253-383-6377<o:p></o:p></span></p>
<p class="MsoNormal"><u><span style="font-size:12.0pt;color:#943634"><a href="http://www.vjglaw.com/"><span style="color:blue">www.vjglaw.com</span></a><o:p></o:p></span></u></p>
<p class="MsoNormal"><i><span style="font-size:10.0pt;color:#1F497D">_______________________________<o:p></o:p></span></i></p>
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<p class="MsoNormal"><o:p> </o:p></p>
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