<html><body><span style="font-family:Times New Roman; color:#000000; font-size:12pt;"><div>Please post responses - my thought was that gift lapsed only when beneficiary is no longer a viable entity, unless restrictions in Trust and discretion to re gift. </div><div><br></div><div><img id="sigimg0" title="signature image" src="cid:sigimg0@7e43b49d85a25eaf05a87e3f06fc9cdc" border="0" alt=""></div><div><br><br></div>
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Subject: [WSBAPT] Nonexistent Charitable Beneficiary<br>
From: steve mcconnell <<a href="mailto:smcconnelllaw@hotmail.com">smcconnelllaw@hotmail.com</a>><br>
Date: Wed, June 12, 2019 11:42 am<br>
To: "<a href="mailto:wsbapt@lists.wsbarppt.com">wsbapt@lists.wsbarppt.com</a>" <<a href="mailto:wsbapt@lists.wsbarppt.com">wsbapt@lists.wsbarppt.com</a>><br>
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</style> <div style="font-family:"Times New Roman",Times,serif; font-size:12pt; color:rgb(0,0,0)"> </div> <div style="font-family:"Times New Roman",Times,serif; font-size:12pt; color:rgb(0,0,0)"> <div style="font-family:"Times New Roman",Times,serif; font-size:12pt; color:rgb(0,0,0)"> I'm in the process of winding up a distribution trust and disbursing trust assets. One major beneficiary is a specifically named nursing home operated by a charitable institution with a different name. The nursing home serves individuals of the same ethnicity as the Trustors. I have now learned that the nursing home is about to discontinue operations. The charitable organization will continue but its other work is very different from the nursing home operation. Do I give the money to the charitable organization, find another nursing home that serves the same or similar population or, less likely, distribute the funds to the other, noncharitable beneficiaries? I haven't found a definitive answer so if anyone can steer me in the right direction I would greatly appreciate it.</div> <div style="font-family:"Times New Roman",Times,serif; font-size:12pt; color:rgb(0,0,0)"> <br> </div> <div style="font-family:"Times New Roman",Times,serif; font-size:12pt; color:rgb(0,0,0)"> Thanks in advance.</div> <br> </div> <div style="font-family:"Times New Roman",Times,serif; font-size:12pt; color:rgb(0,0,0)"> <br> </div> <div id="Signature"> <div style="font-family:"Times New Roman",Times,serif; font-size:12pt; color:rgb(0,0,0)"> <strong><i><span style="font-size:13.5pt; color:#5133AB">Steven M. McConnell</span></i></strong><span style="font-family:"Calibri","sans-serif",serif,EmojiFont; color:black"><br> </span><strong><span style="color:#5133AB">Attorney at Law</span></strong><span style="font-family:"Calibri","sans-serif",serif,EmojiFont; color:black"><br> </span><span style="font-size:10.0pt; color:#5133AB">144 Railroad Ave., Suite 308</span><span style="font-family:"Calibri","sans-serif",serif,EmojiFont; color:black"><br> </span><span style="font-size:10.0pt; color:#5133AB">Edmonds, WA 98020-4100</span><span style="font-family:"Calibri","sans-serif",serif,EmojiFont; color:black"><br> </span><span style="font-size:7.5pt; color:#5133AB">Tel: (206) 783-0201</span><span style="font-family:"Calibri","sans-serif",serif,EmojiFont; color:black"><br> </span><span style="font-size:8.0pt; color:#5133AB">Fax: (206) 789-5199</span><span style="font-family:"Calibri","sans-serif",serif,EmojiFont; color:black"><br> </span><span style="font-size:7.5pt; color:#5133AB">Email: </span><span style="color:black"><a href="mailto:smcconnelllaw@hotmail.com" target="_blank" rel="noopener noreferrer"><span style="font-size:7.5pt; color:#5133AB">smcconnelllaw@hotmail.com</span></a></span><br> </div> </div> <hr>***Disclaimer: Please note that RPPT listserv participation is not restricted to practicing attorneys and may include non-practicing attorneys, law students, professionals working in related fields, and others.***<br>
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