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No beneficiary, no stated purpose and no successor trustee!</div>
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We think the lack of beneficiary was an error because the trust was an investment (pension plan) account agreement form; the beneficiary designation form was a separate form and probably never even completed. </div>
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I don't think there was a valid trust because the decedent was both the sole trustee and sole beneficiary. But the current investment account custodian is refusing to transfer funds/recognize control to anyone but a successor trustee and insists on a court
order for anything else. </div>
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The account balance is large and I want to give the commissioner (snoco) something to hang her hat on if she is concerned (or if I have missed something) that the trust was/is valid.</div>
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<span style="color: rgb(0, 0, 0); font-family: Calibri, Arial, Helvetica, sans-serif; font-size: 12pt;">After the email from Philip yesterday, I researched "trust" and "anti-lapse" together, I found some case authority that Wa courts apply anti-lapse to some
trusts, and this helps because the will has a residuary clause. </span><br>
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But I could well be missing something here and any other input from you or other wise listservers is greatly appreciated, </div>
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thank you John <span id="🙂">🙂</span></div>
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<div id="divRplyFwdMsg" dir="ltr"><font face="Calibri, sans-serif" color="#000000" style="font-size:11pt"><b>From:</b> wsbapt-bounces@lists.wsbarppt.com <wsbapt-bounces@lists.wsbarppt.com> on behalf of John J. Sullivan, Esq. <sullaw@comcast.net><br>
<b>Sent:</b> Wednesday, February 19, 2020 9:45 PM<br>
<b>To:</b> 'WSBA Probate & Trust Listserv' <wsbapt@lists.wsbarppt.com><br>
<b>Subject:</b> Re: [WSBAPT] Authority for reversion of (failed) trust assets to estate</font>
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Kate:</p>
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Lack of beneficiary or stated purpose?? Or there were beneficiaries but they’re all dead and there’s no saving clause?<br>
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In either case, why can’t the PR of the Grantor’s estate and the Successor Trustee reform the trust with a nonjudicial TEDRA Agreement??</p>
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John J. Sullivan</p>
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<b>From:</b> wsbapt-bounces@lists.wsbarppt.com <wsbapt-bounces@lists.wsbarppt.com>
<b>On Behalf Of </b>Kate Love<br>
<b>Sent:</b> Wednesday, February 19, 2020 2:14 PM<br>
<b>To:</b> WSBA Probate & Trust Listserv <wsbapt@lists.wsbarppt.com><br>
<b>Subject:</b> [WSBAPT] Authority for reversion of (failed) trust assets to estate</p>
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Hello listserv Elders (or betters <span style="font-family:"Segoe UI Emoji",sans-serif">
😉</span>): can anyone provide authority for the reversion of trust property to an estate where a trust fails ? Trust fails for lack of beneficiary or stated purpose of the trust,
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Thank you! Kate</p>
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<span style="font-size:10.0pt; font-family:"Arial",sans-serif; color:navy">Kate F. Love
</span></p>
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<span style="font-size:10.0pt; font-family:"Arial",sans-serif; color:navy">WSBA No. 51314</span></p>
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<span style="font-size:10.0pt; font-family:"Arial",sans-serif; color:#1E0A56">Hawkes Law Firm P.S.</span></p>
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<span style="font-size:10.0pt; font-family:"Arial",sans-serif; color:#1E0A56">main line 206 367 5000
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