<html><head><meta http-equiv="content-type" content="text/html; charset=utf-8"></head><body dir="auto">Jeff:<div><br></div><div>That “may” is not a word I ever would insert there. </div><div><br></div><div>I had one case about ten years ago now. I had done an RLT around 2000. Wife died a couple of years later. At the time mandatory splits hadn’t been replaced completely with disclaimer designs. </div><div><br></div><div>Shortly after the first death the SS and I assembled my usual spreadsheet, choosing which assets to allocate to each side. But we didn’t follow through with retooling, or funding, the CST. </div><div><br></div><div>Many years later SS had an auto accident with an attorney on a motorcycle and was sued. We were able to persuade the court the assets identified on the spreadsheet as allocated to the CST were beyond its reach because the CST had a constructive trust interest over those assets. We also had SS resign and son replace him as trustee. </div><div><br></div><div>But that was a mandatory split situation. Is the trustee someone other than the SS?</div><div><br></div><div>John Sullivan <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></div></body></html>