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<p class="MsoNormal">I think you have to look at the facts of who actually contributed to the purchase price and the account. If it was only son, a simple affidavit that dad was on for convenience only, not a true owner in interest, that would be a starting
point. Then list it on the inventory, then a TEDRA or disclaimer by folks so t hat it will go to sole surviving child.<o:p></o:p></p>
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<p class="MsoNormal">If dad in anyway is a true owner as shown by a gift tax return filed when dad was added, or dad contributing to the account/paying on real estate, etc., you need to adjust for that fact but based on what you typed.<o:p></o:p></p>
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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>michael@westseattleattorney.com<br>
<b>Sent:</b> Sunday, June 2, 2019 1:46 PM<br>
<b>To:</b> WSBA Probate & Trust Listserve <wsbapt@lists.wsbarppt.com><br>
<b>Subject:</b> [WSBAPT] remove Parent's interest in decedent's bank and real property<o:p></o:p></p>
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<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;color:black">Son passes without a will with about $440k in bank and $450k in real property. Dad on both as half owner thinking it would help son during his sickness. He
and Mom do not want to inherit and will waive being administrator and allow their sole surviving child to inherit. How to remove Dad's interest(s)? Dad and Mom have a $5million estate. Thanks Mike<o:p></o:p></span></p>
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