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--></style></head><body lang=EN-US link=blue vlink=purple><div class=WordSection1><p class=MsoNormal><span style='font-size:11.0pt'>Thank you John,<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt'>I’m making my way through the Account Agreement (this is a Wells Fargo account), and what I’ve found so far is:<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt'>“Joint tenants with right of survivorship: When you hold an account as joint tenants with right of survivorship and one of you dies, the account is payable to the surviving co-owner, subject to our rights under the Agreement.” </span><o:p></o:p></p><p class=MsoNormal><span style='font-size:11.0pt'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt'>And<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt'>“The laws governing your account include •Laws, rules, and regulations of the United States, and •Laws of the state where you opened your account (without regard to conflict of laws principles). For consumer and business accounts (except analyzed business accounts), your account statement will identify the state whose laws govern your account. If a different state law applies, we will notify you.”<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt'>Wells Fargo has stated that the 120 hour requirement applies.<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt'>Jennifer<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt'><o:p> </o:p></span></p><div style='border:none;border-top:solid #B5C4DF 1.0pt;padding:3.0pt 0in 0in 0in'><p class=MsoNormal><b><span style='color:black'>From: </span></b><span style='color:black'>WSBA ProbateTrust List <wsbapt-bounces@lists.wsbarppt.com> on behalf of "John J. Sullivan" <sullaw@comcast.net><br><b>Reply-To: </b>WSBA Probate & Trust Listserv <wsbapt@lists.wsbarppt.com><br><b>Date: </b>Tuesday, December 8, 2020 at 10:26 AM<br><b>To: </b>WSBA Probate & Trust Listserv <wsbapt@lists.wsbarppt.com><br><b>Subject: </b>Re: [WSBAPT] Joint bank accounts and survival requirement<o:p></o:p></span></p></div><div><p class=MsoNormal><span style='font-size:11.0pt'><o:p> </o:p></span></p></div><p class=MsoNormal>I would start with the contractual provisions of the account. <o:p></o:p></p><div><p class=MsoNormal><o:p> </o:p></p></div><div><p class=MsoNormal style='margin-bottom:12.0pt'>John J. Sullivan<o:p></o:p></p><div><p class=MsoNormal>Sent from my iPhone<o:p></o:p></p></div><div><p class=MsoNormal><br><br><o:p></o:p></p><blockquote style='margin-top:5.0pt;margin-bottom:5.0pt'><p class=MsoNormal style='margin-bottom:12.0pt'>On Dec 8, 2020, at 10:21 AM, Allen Draher <allen@draherlaw.com> wrote:<o:p></o:p></p></blockquote></div><blockquote style='margin-top:5.0pt;margin-bottom:5.0pt'><div><p class=MsoNormal> <span style='font-size:11.0pt'><o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt'>Jennifer, I think that is a good question. I also thought as you did, but reading 11.05A it seems it would be divided between the two account holders’ successors. Interested in others’ opinions. Allen</span><o:p></o:p></p><p class=MsoNormal><span style='font-size:11.0pt'> </span><o:p></o:p></p><div><p class=MsoNormal><b>Allen Draher</b><o:p></o:p></p><p class=MsoNormal><b><span style='font-size:11.0pt'> </span></b><o:p></o:p></p><p class=MsoNormal><b><span style='font-size:11.0pt'>Law Office of Allen Draher, PLLC</span></b><o:p></o:p></p><p class=MsoNormal><b><span style='font-size:11.0pt'>9108 Fauntleroy Way S.W.</span></b><o:p></o:p></p><p class=MsoNormal><b><span style='font-size:11.0pt'>Seattle, WA 98136-2617</span></b><o:p></o:p></p><p class=MsoNormal><b><span style='font-size:11.0pt'> </span></b><o:p></o:p></p><p class=MsoNormal><b><span style='font-size:11.0pt'>ph 206-484-8212</span></b><o:p></o:p></p><p class=MsoNormal><b><span style='font-size:11.0pt'><a href="mailto:allen@draherlaw.com">allen@draherlaw.com</a></span></b><o:p></o:p></p><p class=MsoNormal><b><span style='font-size:11.0pt'> </span></b><o:p></o:p></p><p class=MsoNormal><span style='font-size:10.5pt;font-family:Consolas'>__________________________________________________________</span><o:p></o:p></p><p class=MsoNormal><span style='font-size:10.5pt;font-family:Consolas'> </span><o:p></o:p></p><p class=MsoNormal><span style='font-size:11.0pt'>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.</span><o:p></o:p></p><p class=MsoNormal><span style='font-size:10.5pt;font-family:Consolas'>__________________________________________________________</span><o:p></o:p></p><p class=MsoNormal><span style='font-size:10.5pt;font-family:Consolas'> </span><o:p></o:p></p><p class=MsoNormal><span style='font-size:11.0pt'>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.</span><o:p></o:p></p></div><p class=MsoNormal><span style='font-size:11.0pt'> </span><o:p></o:p></p><div><div style='border:none;border-top:solid #E1E1E1 1.0pt;padding:3.0pt 0in 0in 0in'><p class=MsoNormal><b><span style='font-size:11.0pt'>From:</span></b><span style='font-size:11.0pt'> wsbapt-bounces@lists.wsbarppt.com <wsbapt-bounces@lists.wsbarppt.com> <b>On Behalf Of </b>Jennifer Johnson<br><b>Sent:</b> Tuesday, December 8, 2020 9:10 AM<br><b>To:</b> WSBA Probate & Trust Listserv <wsbapt@lists.wsbarppt.com><br><b>Subject:</b> [WSBAPT] Joint bank accounts and survival requirement</span><o:p></o:p></p></div></div><p class=MsoNormal> <o:p></o:p></p><p class=MsoNormal><span style='font-size:11.0pt'>Good morning all,</span><o:p></o:p></p><p class=MsoNormal><span style='font-size:11.0pt'> </span><o:p></o:p></p><p class=MsoNormal><span style='font-size:11.0pt'>I have a quick question about joint bank accounts and minimum survival requirements:</span><o:p></o:p></p><p class=MsoNormal><span style='font-size:11.0pt'> </span><o:p></o:p></p><p class=MsoNormal><span style='font-size:11.0pt'>RCW 30A.22.100(3) provides that funds belonging to a deceased depositor which remain on deposit in a joint account with right of survivorship belong to the surviving depositor(s). But does “surviving” mean that the remaining depositor survived the deceased depositor by 120 hours pursuant to RCW 11.05A.040?</span><o:p></o:p></p><p class=MsoNormal><span style='font-size:11.0pt'> </span><o:p></o:p></p><p class=MsoNormal><span style='font-size:11.0pt'>I have not had the opportunity to deal with the simultaneous death act until now, and I guess I’ve always operated under the assumption that funds in a joint account with right of survivorship vest immediately in a co-owner upon the passing of the deceased depositor. </span><o:p></o:p></p><p class=MsoNormal><span style='font-size:11.0pt'> </span><o:p></o:p></p><p class=MsoNormal><span style='font-size:11.0pt'>I appreciate any assistance in advance, thank you!</span><o:p></o:p></p><p class=MsoNormal><span style='font-size:11.0pt'> </span><o:p></o:p></p><p class=MsoNormal><span style='font-size:11.0pt'>Jennifer</span><o:p></o:p></p><p class=MsoNormal><span style='font-size:11.0pt'> </span><o:p></o:p></p><p class=MsoNormal><i>Jennifer M. Johnson</i><o:p></o:p></p><p class=MsoNormal><span style='font-size:11.0pt'>Attorney</span><o:p></o:p></p><p class=MsoNormal style='text-autospace:none'><span style='font-size:11.0pt'>Hanigan Law Office, PS</span><o:p></o:p></p><p class=MsoNormal style='text-autospace:none'><span style='font-size:11.0pt'>PO Box 39 - 68 Main Street</span><o:p></o:p></p><p class=MsoNormal style='text-autospace:none'><span style='font-size:11.0pt'>Cathlamet, WA 98612</span><o:p></o:p></p><p class=MsoNormal style='text-autospace:none'><span style='font-size:11.0pt'>(360) 795-3494</span><o:p></o:p></p><p class=MsoNormal style='text-autospace:none'><span style='font-size:11.0pt'>(360) 795-3001 (f)</span><o:p></o:p></p><p class=MsoNormal style='text-autospace:none'><span style='font-size:11.0pt'> </span><o:p></o:p></p><p class=MsoNormal style='text-autospace:none'><span style='font-size:10.0pt;font-family:"Arial",sans-serif;color:#FB0007'>CONFIDENTIALITY NOTICE: </span><b><span style='font-size:10.0pt;font-family:"Arial",sans-serif;color:blue'>THIS EMAIL IS INTENDED TO BE A CONFIDENTIAL AND PRIVILEGED ATTORNEY-CLIENT COMMUNICATION. </span></b><span style='font-size:10.0pt;font-family:"Arial",sans-serif;color:blue'>IF YOU ARE NOT THE INTENDED RECIPIENT OF THIS EMAIL, PLEASE DO NOT READ OR PRINT IT. </span><span style='font-size:10.0pt;font-family:"Arial",sans-serif;color:#00006D'>This transmission is intended for the sole use of the individual and entity to whom it is addressed, and may contain information that is privileged, confidential, and exempt from disclosure under applicable law. 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