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<DIV style="FONT-SIZE: 14pt; FONT-FAMILY: 'Calibri'; COLOR: #000000">
<DIV><FONT size=4>If the county assessed value is more than the amount owing,
then you have at this time a solvent estate (and I would put those values in the
petition). YOu can always, as you have said turn it into an insolvent
estate, but that lower value is only a hunch at this point.</FONT></DIV>
<DIV> </DIV>
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<DIV><STRONG><SPAN style="FONT-SIZE: 18pt; COLOR: #004080">Joshua F.
Grant</SPAN></STRONG><SPAN style="COLOR: #004080"><BR></SPAN><SPAN
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O. Box 619<BR>Wilbur, WA 99185<BR>509 647 5578</SPAN><SPAN
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<DIV style="font-color: black"><B>From:</B> <A title=dalynne@glgmail.com
href="mailto:dalynne@glgmail.com">Dalynne Singleton</A> </DIV>
<DIV><B>Sent:</B> Monday, January 07, 2019 1:37 PM</DIV>
<DIV><B>To:</B> <A title=wsbapt@lists.wsbarppt.com
href="mailto:wsbapt@lists.wsbarppt.com">WSBA Probate & Trust Listserv</A>
</DIV>
<DIV><B>Subject:</B> [WSBAPT] Insolvent estate - not sure</DIV></DIV></DIV>
<DIV> </DIV></DIV>
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style='FONT-SIZE: small; TEXT-DECORATION: none; FONT-FAMILY: "Calibri"; FONT-WEIGHT: normal; COLOR: #000000; FONT-STYLE: normal; DISPLAY: inline'>
<DIV class=WordSection1>
<P class=MsoNormal><SPAN
style='FONT-SIZE: 13pt; FONT-FAMILY: "Verdana",sans-serif'>I have opened a new
intestate probate and have a hearing tomorrow in Snohomish, having provided
notice to heirs. I am asking that the Administrator to be appointed in the
granddaughter as none of the 3 daughters want anything to do with the
estate. The only asset is the home and real property which is in
disarray. A foreclosure hearing is set for 1/10/19 and the granddaughter
is interested in working with the mortgage company, who seems agreeable, to
getting a short sale.<o:p></o:p></SPAN></P>
<P class=MsoNormal><SPAN
style='FONT-SIZE: 13pt; FONT-FAMILY: "Verdana",sans-serif'><o:p></o:p></SPAN> </P>
<P class=MsoNormal><SPAN
style='FONT-SIZE: 13pt; FONT-FAMILY: "Verdana",sans-serif'>I have researched RCW
11.68.080 and insolvency. Although I am assuming because of the current
condition, the home is not worth what the current mortgage owed is, is the
estate insolvent because of this knowledge? My reading of the statutes
have not provided me with this conclusion and until an actual claim is made
against the estate by the mortgage holder, is the estate solvent? Due to
the foreclosure hearing on 1/10/19, we want to provide Letters to the
administrator after tomorrow’s hearing. We would prefer non-intervention
powers but I don’t think it is a deal breaker.<o:p></o:p></SPAN></P>
<P class=MsoNormal><SPAN
style='FONT-SIZE: 13pt; FONT-FAMILY: "Verdana",sans-serif'><o:p></o:p></SPAN> </P>
<P class=MsoNormal><SPAN
style='FONT-SIZE: 13pt; FONT-FAMILY: "Verdana",sans-serif'>Although some have
expressed the opinion on the listserve that it is mandatory to have full
intervention powers with insolvent estates, I don’t read the statutes to be this
clear. In King County, the probate manual states:<o:p></o:p></SPAN></P>
<P class=MsoNormal><SPAN
style='FONT-SIZE: 13pt; FONT-FAMILY: "Verdana",sans-serif'><o:p></o:p></SPAN> </P>
<P
style="MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.5in; MARGIN-RIGHT: 0in; mso-margin-top-alt: 0in"><B><SPAN
style='FONT-SIZE: 10pt; FONT-FAMILY: "Arial",sans-serif; COLOR: black'>Solvency
- an Absolute Requirement for Nonintervention Powers: </SPAN></B><SPAN
style='FONT-SIZE: 10pt; FONT-FAMILY: "Arial",sans-serif; COLOR: black'>To obtain
Nonintervention Powers, the estate must be solvent, that is, it must have "more
assets than debts and expenses." King County, for example, defines
solvency as "the value of Decedent's probate assets and nonprobate assets
exceeds the anticipated amount of Decedent's debts and the costs of
administration." 2003 King County Probate Policy & Procedure Manual, §
4.2.</SPAN><SPAN
style='FONT-SIZE: 13.5pt; FONT-FAMILY: "Times New Roman",serif; COLOR: black'><o:p></o:p></SPAN></P>
<P class=MsoNormal
style="WORD-SPACING: 0px; ORPHANS: 2; WIDOWS: 2; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"><SPAN
style='FONT-SIZE: 13pt; FONT-FAMILY: "Verdana",sans-serif'><o:p></o:p></SPAN> </P>
<P class=MsoNormal><SPAN
style='FONT-SIZE: 13pt; FONT-FAMILY: "Verdana",sans-serif'>I have opened estates
which were solvent, received creditor’s claims for more than the assets and gone
back to court to declare insolvent estate. The statute that allows for
this clearly states the non-intervention powers can be <SPAN
style="COLOR: red">reaffirmed, rescinded or restricted. </SPAN>The Pierce
County Commissioner was surprised to learn this and left the non-intervention
powers in place. Why would the initial opening of the estate be any more
restrictive on the non-intervention powers?<o:p></o:p></SPAN></P>
<P class=MsoNormal><SPAN
style='FONT-SIZE: 13pt; FONT-FAMILY: "Verdana",sans-serif'><o:p></o:p></SPAN> </P>
<P class=MsoNormal><SPAN
style='FONT-SIZE: 13pt; FONT-FAMILY: "Verdana",sans-serif'>I’d like to hear if
anyone has obtained non-intervention powers when an estate has as its only asset
the home/real property and a mortgage with foreclosure in
process?<o:p></o:p></SPAN></P>
<P class=MsoNormal><SPAN
style='FONT-SIZE: 13pt; FONT-FAMILY: "Verdana",sans-serif'><o:p></o:p></SPAN> </P>
<P class=MsoNormal><B><I><SPAN
style='FONT-SIZE: 14pt; FONT-FAMILY: "Arial Rounded MT Bold",sans-serif; COLOR: #1f497d'>Dalynne
Singleton<o:p></o:p></SPAN></I></B></P>
<P class=MsoNormal><SPAN
style="FONT-SIZE: 14pt; COLOR: #1f497d"><o:p></o:p></SPAN> </P>
<P class=MsoNormal><B><SPAN style="FONT-SIZE: 14pt; COLOR: #1f497d">Gourley Law
Group<o:p></o:p></SPAN></B></P>
<P class=MsoNormal><B><SPAN style="FONT-SIZE: 14pt; COLOR: #1f497d">Snohomish
Escrow<o:p></o:p></SPAN></B></P>
<P class=MsoNormal><B><SPAN style="FONT-SIZE: 14pt; COLOR: #1f497d">The Exchange
Connection<o:p></o:p></SPAN></B></P>
<P class=MsoNormal><SPAN
style='FONT-SIZE: 12pt; FONT-FAMILY: "Arial Rounded MT Bold",sans-serif; COLOR: #1f497d'>1002
10<SUP>th</SUP> Street / PO Box 1091<o:p></o:p></SPAN></P>
<P class=MsoNormal><SPAN
style='FONT-SIZE: 12pt; FONT-FAMILY: "Arial Rounded MT Bold",sans-serif; COLOR: #1f497d'>Snohomish,
WA 98291<o:p></o:p></SPAN></P>
<P class=MsoNormal><SPAN
style='FONT-SIZE: 12pt; FONT-FAMILY: "Arial Rounded MT Bold",sans-serif; COLOR: #1f497d'><o:p></o:p></SPAN> </P>
<P class=MsoNormal><SPAN
style='FONT-SIZE: 12pt; FONT-FAMILY: "Arial Rounded MT Bold",sans-serif; COLOR: #1f497d'>360.568.5065<o:p></o:p></SPAN></P>
<P class=MsoNormal><SPAN
style='FONT-SIZE: 12pt; FONT-FAMILY: "Arial Rounded MT Bold",sans-serif; COLOR: #1f497d'>360.329.4079<o:p></o:p></SPAN></P>
<P class=MsoNormal><SPAN
style='FONT-SIZE: 12pt; FONT-FAMILY: "Arial Rounded MT Bold",sans-serif; COLOR: #1f497d'>360.568.8092
fax<o:p></o:p></SPAN></P>
<P class=MsoNormal><U><SPAN
style='FONT-SIZE: 12pt; FONT-FAMILY: "Arial Rounded MT Bold",sans-serif; COLOR: #0563c1'><A
href="mailto:dalynne@glgmail.com"><SPAN
style="COLOR: #0563c1">dalynne@glgmail.com</SPAN></A></SPAN></U><SPAN
style='FONT-SIZE: 12pt; FONT-FAMILY: "Arial Rounded MT Bold",sans-serif; COLOR: #1f497d'><o:p></o:p></SPAN></P>
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