<html><head><meta http-equiv="content-type" content="text/html; charset=utf-8"></head><body dir="auto">Also, is there any limitation on the trustee’s “may” discretion that would provide and argument the split had to be made to fulfill fiduciary duty?<br><br><div dir="ltr">Sent from my iPhone</div><div dir="ltr"><br><blockquote type="cite">On Jan 12, 2021, at 9:50 AM, Jeff Davis <jeff@bellanddavispllc.com> wrote:<br><br></blockquote></div><blockquote type="cite"><div dir="ltr"><meta http-equiv="Content-Type" content="text/html; charset=us-ascii"><meta name="Generator" content="Microsoft Word 15 (filtered medium)"><style><!--
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</o:shapelayout></xml><![endif]--><div class="WordSection1"><p class="MsoNormal">Listmates:<o:p></o:p></p><p class="MsoNormal"><o:p> </o:p></p><p class="MsoNormal">Husband dies in 2004. H & W had a living trust that said upon the passing of the first spouse, the trustee “may” divide the trust into two parts, (it does not say equal), with one part to be held as the survivor’s trust and one part as the decedent’s trust (Credit Trust). Nothing was done. Trust holds substantial amount of real estate which may be taxed, at least by Washington State, when mom passes. Question is can the credit trust now be funded? This is not a disclaimer issue. The federal inheritance tax is not an issue.<o:p></o:p></p><p class="MsoNormal"><o:p> </o:p></p><p class="MsoNormal">Your insight would be appreciated.<o:p></o:p></p><p class="MsoNormal"><o:p> </o:p></p><p class="MsoNormal">Jeff<o:p></o:p></p><p class="MsoNormal"><o:p> </o:p></p><p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Tahoma",sans-serif;color:black">W. Jeff Davis, Esq.<o:p></o:p></span></p><p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Tahoma",sans-serif;color:black">BELL & DAVIS PLLC<br>P.O. Box 510<br>Sequim WA 98382<br>Phone No.:(360) 683.1129 <br>Fax No.: (360) 683.1258 <br>email: <a href="mailto:info@bellanddavispllc.com"><span style="color:blue">info@bellanddavispllc.com</span></a><br><a href="http://www.bellanddavispllc.com/" target="_blank"><span style="color:blue">www.bellanddavispllc.com</span></a><br> <br>The information contained in this e-mail message may be privileged, confidential, and protected from disclosure. If you are not the intended recipient, any dissemination, distribution, or copying is strictly prohibited. If you think that you have received this e-mail message in error, please e-mail the sender at <a href="mailto:info@bellanddavispllc.com"><span style="color:blue">info@bellanddavispllc.com</span></a> or call 360.683.1129</span><span style="font-size:10.0pt;font-family:"Tahoma",sans-serif"><o:p></o:p></span></p><p class="MsoNormal"><o:p> </o:p></p></div><span>***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.***</span><br><span>_______________________________________________</span><br><span>WSBAPT mailing list</span><br><span>WSBAPT@lists.wsbarppt.com</span><br><span>http://mailman.fsr.com/mailman/listinfo/wsbapt</span></div></blockquote></body></html>