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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D">I vote it is not a conflict. If the trust were being terminated early and Son gets the money, that would be a conflict with the grandchildren. A very common
occurrence when people ask for a TEDRA agreement. But here, Dad is getting the money, not son.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D">Phil Jones<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D">Portland, OR<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>
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<p class="MsoNormal"><b><span style="font-size:11.0pt;font-family:"Calibri",sans-serif">From:</span></b><span style="font-size:11.0pt;font-family:"Calibri",sans-serif"> wsbapt-bounces@lists.wsbarppt.com [mailto:wsbapt-bounces@lists.wsbarppt.com]
<b>On Behalf Of </b>Josh Grant<br>
<b>Sent:</b> Wednesday, April 03, 2019 4:07 PM<br>
<b>To:</b> wsbar trust <wsbapt@lists.wsbarppt.com><br>
<b>Subject:</b> [WSBAPT] Virtual Representative lack of conflict under RCW11.96A.120<o:p></o:p></span></p>
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<p class="MsoNormal"><o:p> </o:p></p>
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<p class="MsoNormal"><span style="font-size:13.5pt;font-family:"Calibri",sans-serif;color:black">My grantor client provided for his son to be beneficiary of a trust. The son now has four adult children who are competent. If the son died before the trustor,
the proceeds would go to the issue of son. The son now wishes to sign a TEDRA agreement whereby the assets can be distributed to the Trustor who is experiencing medical costs. I think the son can sign it as the virtual representative of his 4 children because
of the following, but why is this not a conflict of interest between dad and his kids (who of course would probably never see a benefit because dad will probably outlive the grantor)?</span><span style="font-size:14.0pt;font-family:"Calibri",sans-serif;color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Calibri",sans-serif;color:black"> <o:p></o:p></span></p>
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<p class="MsoFootnoteText" style="margin:0in;margin-bottom:.0001pt"><span style="font-size:10.0pt;font-family:"Courier New";color:black">RCW 11.96A.120(7) provides: (7) Where an interest has been given to a living person, and the same interest, or a share in
it, is to pass to… persons who are, or might be, the… , issue, or the distributes of that living person upon the happening of an additional future event, …
<i>that living person may virtually represent</i> the …issue .. of the person, but only to the extent that there is no conflict of interest between the representative and the person(s) represented with regard to the particular question or dispute.”</span><span style="font-size:14.0pt;font-family:"Calibri",sans-serif;color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><strong><span style="font-size:18.0pt;font-family:"Calibri",sans-serif;color:#004080">Joshua F. Grant</span></strong><span style="font-size:14.0pt;font-family:"Calibri",sans-serif;color:#004080"><br>
</span><span style="font-size:14.0pt;font-family:"Calibri",sans-serif;color:black"><img width="207" height="43" id="_x0000_i1025" src="cid:image001.png@01D4EA39.C68E3170" alt="advocates"><br>
</span><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#004080">P. O. Box 619<br>
Wilbur, WA 99185<br>
509 647 5578</span><span style="font-size:14.0pt;font-family:"Calibri",sans-serif;color:black"><o:p></o:p></span></p>
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