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<p class="MsoNormal">Thank you, Eric.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
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<p class="MsoNormal"><b><span style="font-size:12.0pt">Allen Draher<o:p></o:p></span></b></p>
<p class="MsoNormal"><b><o:p> </o:p></b></p>
<p class="MsoNormal"><b>Law Office of Allen Draher, PLLC<o:p></o:p></b></p>
<p class="MsoNormal"><b>5426 California Ave. S.W.<o:p></o:p></b></p>
<p class="MsoNormal"><b>Seattle, WA 98136<o:p></o:p></b></p>
<p class="MsoNormal"><b><o:p> </o:p></b></p>
<p class="MsoNormal"><b>ph 206-935-2998<o:p></o:p></b></p>
<p class="MsoNormal"><b><a href="mailto:allen@draherlaw.com"><span style="color:blue">allen@draherlaw.com</span></a><o:p></o:p></b></p>
<p class="MsoNormal"><b><o:p> </o:p></b></p>
<p class="MsoNormal"><span style="font-size:10.5pt;font-family:Consolas">__________________________________________________________<o:p></o:p></span></p>
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<p class="MsoNormal">NOTICE: This communication (including any attachments) may contain privileged or confidential information intended for a specific individual and purpose, and is protected by law. If you are not the intended recipient, you should delete
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<p class="MsoNormal"><b>From:</b> wsbapt-bounces@lists.wsbarppt.com <wsbapt-bounces@lists.wsbarppt.com>
<b>On Behalf Of </b>Eric Nelsen<br>
<b>Sent:</b> Thursday, February 7, 2019 9:58 AM<br>
<b>To:</b> WSBA Probate & Trust Listserv <wsbapt@lists.wsbarppt.com><br>
<b>Subject:</b> Re: [WSBAPT] two issues<o:p></o:p></p>
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<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><span style="color:#1F497D">Re #2, the main objector would be the lender, if the borrower mischaracterizes the actual intended use of the money on a loan application signed under penalty of perjury. The PR needs to fully disclose their
relationship to the estate and the fact that the PR, as sole beneficiary, is essentially already owner of the property and has nothing to "purchase."<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">That said, I think there are actually a number of ways the property could be used as collateral for a loan to pay off other debts. I don't think it would need to be forced into a "buying the property" structure
to accomplish that. There are lots of possible variables not included in your post, but my first thought is for the PR to just distribute all property to her/himself, and then go to a mortgage broker to see about refinancing/restructuring all the various loans
into a better package. Looking as a whole at all the available collateral, and all the existing debt, might suggest some solutions to get the debt consolidated at a lower interest rate and secured by only some of the property.<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>
</div>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
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<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">
<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>Allen Draher<br>
<b>Sent:</b> Wednesday, February 06, 2019 5:28 PM<br>
<b>To:</b> WSBA Probate & Trust Listserv<br>
<b>Subject:</b> [WSBAPT] two issues<o:p></o:p></span></p>
</div>
</div>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">I have two matters:<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<ol style="margin-top:0in" start="1" type="1">
<li class="MsoNormal" style="mso-list:l0 level1 lfo3">I have an estate with a special needs trust, the beneficiary is a BC minor. Does anyone have a contact in the BC bar that might be able to work with me to find an appropriate trustee.<o:p></o:p></li><li class="MsoNormal" style="mso-list:l0 level1 lfo3">I represent a PR/sole beneficiary of an estate. The estate consists of a variety of real estate with various encumbrances. One property was subject to a quiet title action that we have just settled and
the estate will be getting a clear title shortly. My client proposed “buying” the property from the estate and using a purchase loan to pay off several higher interest loans. Says that the lender is aware it is not an arm’s length transaction. Who might
object to such an arrangement? <o:p></o:p></li></ol>
<p class="MsoListParagraph"><o:p> </o:p></p>
<p class="MsoListParagraph">Any thoughts appreciated. Allen<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>
<p class="MsoNormal"><b><span style="font-size:12.0pt">Allen Draher<o:p></o:p></span></b></p>
<p class="MsoNormal"><b><o:p> </o:p></b></p>
<p class="MsoNormal"><b>Law Office of Allen Draher, PLLC<o:p></o:p></b></p>
<p class="MsoNormal"><b>5426 California Ave. S.W.<o:p></o:p></b></p>
<p class="MsoNormal"><b>Seattle, WA 98136<o:p></o:p></b></p>
<p class="MsoNormal"><b><o:p> </o:p></b></p>
<p class="MsoNormal"><b>ph 206-935-2998<o:p></o:p></b></p>
<p class="MsoNormal"><b><a href="mailto:allen@draherlaw.com"><span style="color:blue">allen@draherlaw.com</span></a><o:p></o:p></b></p>
<p class="MsoNormal"><b><o:p> </o:p></b></p>
<p class="MsoNormal"><span style="font-size:10.5pt;font-family:Consolas">__________________________________________________________<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.5pt;font-family:Consolas"><o:p> </o:p></span></p>
<p class="MsoNormal">NOTICE: This communication (including any attachments) may contain privileged or confidential information intended for a specific individual and purpose, and is protected by law. If you are not the intended recipient, you should delete
this communication and/or shred the materials and any attachments and are hereby notified that any disclosure, copying or distribution of this communication, or the taking of any action based on it, is strictly prohibited. Thank you.<o:p></o:p></p>
<p class="MsoNormal"><span style="font-size:10.5pt;font-family:Consolas">__________________________________________________________<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.5pt;font-family:Consolas"><o:p> </o:p></span></p>
<p class="MsoNormal">To comply with IRS regulations, we are required to inform you that this message, if it contains advice relating to federal taxes, cannot be used for the purpose of avoiding penalties that may be imposed under federal tax law.<o:p></o:p></p>
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