<html xmlns:v="urn:schemas-microsoft-com:vml" xmlns:o="urn:schemas-microsoft-com:office:office" xmlns:w="urn:schemas-microsoft-com:office:word" xmlns:m="http://schemas.microsoft.com/office/2004/12/omml" xmlns="http://www.w3.org/TR/REC-html40">
<head>
<meta http-equiv="Content-Type" content="text/html; charset=us-ascii">
<meta name="Generator" content="Microsoft Word 14 (filtered medium)">
<style><!--
/* Font Definitions */
@font-face
{font-family:Calibri;
panose-1:2 15 5 2 2 2 4 3 2 4;}
@font-face
{font-family:Tahoma;
panose-1:2 11 6 4 3 5 4 4 2 4;}
@font-face
{font-family:"Segoe Script";
panose-1:2 11 5 4 2 0 0 0 0 3;}
/* Style Definitions */
p.MsoNormal, li.MsoNormal, div.MsoNormal
{margin:0in;
margin-bottom:.0001pt;
font-size:11.0pt;
font-family:"Calibri","sans-serif";}
a:link, span.MsoHyperlink
{mso-style-priority:99;
color:#0563C1;
text-decoration:underline;}
a:visited, span.MsoHyperlinkFollowed
{mso-style-priority:99;
color:#954F72;
text-decoration:underline;}
span.EmailStyle17
{mso-style-type:personal;
font-family:"Calibri","sans-serif";}
span.EmailStyle18
{mso-style-type:personal-reply;
font-family:"Calibri","sans-serif";
color:#1F497D;}
.MsoChpDefault
{mso-style-type:export-only;
font-size:10.0pt;}
@page WordSection1
{size:8.5in 11.0in;
margin:1.0in 1.0in 1.0in 1.0in;}
div.WordSection1
{page:WordSection1;}
--></style><!--[if gte mso 9]><xml>
<o:shapedefaults v:ext="edit" spidmax="1026" />
</xml><![endif]--><!--[if gte mso 9]><xml>
<o:shapelayout v:ext="edit">
<o:idmap v:ext="edit" data="1" />
</o:shapelayout></xml><![endif]-->
</head>
<body lang="EN-US" link="#0563C1" vlink="#954F72">
<div class="WordSection1">
<p class="MsoNormal"><span style="color:#1F497D">Hi Randy,<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">First, are you certain the default in the Qualfied plan is the estate and not contractually another way. Many times the default is a chain of family (surviving spouse, if any, if non surviving child(ren) etc).
So, if you haven’t looked at the plan specifics that is where you will want to start.<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 default for the plan is the estate, the only option she has, if she insists it go into trust, is to accept. She may want to accept in her name, accelerated the distribution on the amount, and give a gift
net of taxes. Or perhaps, she wants to take a wait and see approach, accept it as an inherited IRA, take RMD over her lifetime and each year make a gift as she seems fit.<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">Finally, although I am not sure a Plan Administrator or the IRA for that matter would follow the directive of a TEDRA setting up a trust for son, you might consider that avenue but son would have to sign off
and agree to trust. This would require disclosure of risk that the IRS, upon audit, has no obligation to be bound by the TEDRA.
<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">All the best,<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"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Segoe Script","sans-serif";color:#1F497D">Diane J. Kiepe<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">Diane J. Kiepe, Attorney at Law<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">Douglas </span><span style="font-family:"Times New Roman","serif";color:#1F497D">•</span><span style="color:#1F497D"> Eden<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">717 W. Sprague Ave., Suite 1500<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">Spokane, WA 99201<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">Phone: (509) 455-5300<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">Fax: (509) 455-5348<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">djkiepe@depdslaw.com<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"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
<div>
<div style="border:none;border-top:solid #B5C4DF 1.0pt;padding:3.0pt 0in 0in 0in">
<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>Randolph Petgrave<br>
<b>Sent:</b> Friday, October 26, 2018 5:15 PM<br>
<b>To:</b> WSBA Probate & Trust Listserv<br>
<b>Subject:</b> [WSBAPT] Creating trust for disclaimed property<o:p></o:p></span></p>
</div>
</div>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Hi Folks,<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">I have a client who is the PR of an intestate probate. She has no beneficial interest in the estate since she is the decedent’s sister and the decedent was only survived by a 24 year old son. Client is however, the only designated beneficiary
of the decedent’s retirement pension and other deferred compensation accounts.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Client wants the money to go to her nephew, but in trust (he’s already inheriting a significant amount outright). For personal tax reasons, she does not want it to accept it or have it pass through her. My reading of RCW 11.86 is that
if she disclaims, it will default to the estate, but she cannot restrict or control its disposition.
<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">What are my options on making this happen?<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Regards,<o:p></o:p></p>
<p class="MsoNormal">Randy<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Petgrave & Petgrave, PLLC<o:p></o:p></p>
<p class="MsoNormal">Attorneys at Law<o:p></o:p></p>
<p class="MsoNormal">1001 4<sup>th</sup> Avenue Suite 3200<o:p></o:p></p>
<p class="MsoNormal">Seattle, WA 98194<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Direct: (206) 240-9148<o:p></o:p></p>
<p class="MsoNormal">Fax: (206) 260-2710<o:p></o:p></p>
<p class="MsoNormal"> <o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
</div>
</body>
</html>