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<font face="Times New Roman, Times, serif">RCW 11.11.010(7)(a).
"Nonprobate asset" means a nonprobate asset within the meaning of
RCW 11.02.005, but excluding the following: ... (</font>(v) An
individual retirement account or bond.<br>
<br>
RCW 11.02.005 (10) .... "Nonprobate asset" does not include: A
payable-on-death provision of a life insurance policy, annuity, or
other similar contract, or of an employee benefit plan; ....<br>
<br>
A 401(k) plan is an employee benefit plan, and possibly the
beneficiary rolled over the proceeds into an individual retirement
account. Both are specifically excluded from the "super will"
provisions permitted by RCW Chapter 11.11.<br>
<br>
Doug Schafer, in Tacoma<br>
<br>
<br>
<div class="moz-cite-prefix">On 2/2/2021 17:12, Brent Williams-Ruth
wrote:<br>
</div>
<blockquote type="cite"
cite="mid:CAMMb1JOr5+KwaZRwG1nvxQ6sQ_VzTO+SNRsiQ+zJCk7_2Pc9Lw@mail.gmail.com">
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<div class="gmail_default" style="font-family:arial,sans-serif">Splitting
hairs now:</div>
<div class="gmail_default" style="font-family:arial,sans-serif"><br>
</div>
<div class="gmail_default" style="font-family:arial,sans-serif">Is
a 401(k) an Individual Retirement Account (as the definition
in RCW 11.11.010(7)(v) - <a
href="https://app.leg.wa.gov/RCW/default.aspx?cite=11.11.010"
moz-do-not-send="true">https://app.leg.wa.gov/RCW/default.aspx?cite=11.11.010</a>)</div>
<div class="gmail_default" style="font-family:arial,sans-serif"><br>
</div>
<div class="gmail_default" style="font-family:arial,sans-serif">I
would argue that no, a 401(k) is NOT an individual retirement
account, it is an employer retirement account. But never
having to litigate this issue -want to know if the Will
provision changing that beneficiary to the Estate would be
acceptable to the plan administrator?</div>
<div class="gmail_default" style="font-family:arial,sans-serif"><br>
</div>
<div class="gmail_default" style="font-family:arial,sans-serif">*NOTE*
the person who is named beneficiary is the one wanting to
change to the Estate. She wants to follow her mom's wishes to
use these funds to pay estate debts but would rather the funds
never become hers, but rather paid to the estate and then have
the estate distribute any remainder of payment of expenses.
So there would be no objection by the currently named
beneficiary of the Will states that this account be paid to
the Estate to satisfy any valid debts at the date of death. </div>
<div>
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data-smartmail="gmail_signature">
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<p><b><span style="font-family:"Times New
Roman",serif">Brent
Williams-Ruth</span></b><span
style="font-family:"Times New
Roman",serif"> (preferred
pronoun: he/him)<br>
<i>Attorney-At-Law</i></span></p>
<p><b><span style="font-family:"Times New
Roman",serif">Law
Offices of Brent Williams-Ruth, </span></b><b><span
style="font-family:"Times New
Roman",serif"><font size="1">a division
of BWR Consulting, PLLC</font></span></b><b><span
style="font-family:"Times New
Roman",serif"></span></b></p>
<p><b><u><span style="font-family:"Times New
Roman",serif"><font color="#ff0000">New
Address & Phones Effective December 1,
2020:</font></span></u></b><b><span
style="font-family:"Times New
Roman",serif"> 500 S 336th Street, Suite 214;
Federal
Way, WA 98003</span></b><span
style="font-family:"Times New
Roman",serif"></span></p>
<p><span style="font-family:"Times New
Roman",serif">Office/Scheduling
Phone:<span style="color:#004080"> </span><font
color="#ff0000">(253) 285-7751</font></span></p>
<p><span style="font-family:"Times New
Roman",serif">Direct:<font color="#ff0000">
(253) 285-7453</font></span></p>
<p>
</p>
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<div class="gmail_quote">
<div dir="ltr" class="gmail_attr">On Tue, Feb 2, 2021 at 5:01 PM
James W. Spencer <<a
href="mailto:jamess@brothershenderson.com"
moz-do-not-send="true">jamess@brothershenderson.com</a>>
wrote:<br>
</div>
<blockquote class="gmail_quote" style="margin:0px 0px 0px
0.8ex;border-left:1px solid rgb(204,204,204);padding-left:1ex">
<div style="overflow-wrap: break-word;" lang="EN-US">
<div class="gmail-m_2980706505706199141WordSection1">
<p class="MsoNormal">Hi Brent:</p>
<p class="MsoNormal"> </p>
<p class="MsoNormal">Yes, see <a
href="https://app.leg.wa.gov/RCW/default.aspx?cite=11.11.020"
target="_blank" moz-do-not-send="true">
https://app.leg.wa.gov/RCW/default.aspx?cite=11.11.020</a>.
This comes, of course, with all of the usual death bed
will warnings.</p>
<p class="MsoNormal"> </p>
<p class="MsoNormal">Best wishes,</p>
<p class="MsoNormal">James</p>
<p class="MsoNormal"> </p>
<p class="MsoNormal" style="background:white"><span
style="color:black">James W. Spencer</span></p>
<p class="MsoNormal">Attorney at Law</p>
<p class="MsoNormal"><i><span style="color:rgb(31,56,100)">In
an effort to help combat the spread of COVID-19, I
am presently working remotely. Our office is running
on reduced staff and we are taking in-person
meetings only in limited circumstances. During this
time, please expect some delays in response time.
Thank you for your patience.</span></i></p>
<p class="MsoNormal">Brothers & Henderson, P.S.</p>
<p class="MsoNormal" style="background:white"><span
style="color:black">2722 Eastlake Avenue East, Suite
200</span></p>
<p class="MsoNormal" style="background:white"><span
style="color:black">Seattle, Washington 98102</span></p>
<p class="MsoNormal" style="background:white"><span
style="color:black">Phone: (206) 324-4300 x106</span></p>
<p class="MsoNormal" style="background:white"><span
style="color:black">Fax: (206) 324-3106</span></p>
<p class="MsoNormal" style="background:white"><span
style="color:black">e-mail: </span>
<span style="color:black"><a
href="mailto:jamess@brothershenderson.com"
target="_blank" moz-do-not-send="true">jamess@brothershenderson.com</a></span></p>
<p class="MsoNormal" style="background:white"><span
style="color:black"><a
href="http://www.brothershenderson.com/"
target="_blank" moz-do-not-send="true">www.brothershenderson.com</a></span></p>
<p class="MsoNormal">pronouns: he/him</p>
<p class="MsoNormal"> </p>
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<div
style="border-right:none;border-bottom:none;border-left:none;border-top:1pt
solid rgb(225,225,225);padding:3pt 0in 0in">
<p class="MsoNormal"><b>From:</b> <a
href="mailto:wsbapt-bounces@lists.wsbarppt.com"
target="_blank" moz-do-not-send="true">wsbapt-bounces@lists.wsbarppt.com</a>
<<a href="mailto:wsbapt-bounces@lists.wsbarppt.com"
target="_blank" moz-do-not-send="true">wsbapt-bounces@lists.wsbarppt.com</a>>
<b>On Behalf Of </b>Brent Williams-Ruth<br>
<b>Sent:</b> Tuesday, February 2, 2021 4:38 PM<br>
<b>To:</b> WSBA Probate & Trust Listserv <<a
href="mailto:WSBAPT@lists.wsbarppt.com"
target="_blank" moz-do-not-send="true">WSBAPT@lists.wsbarppt.com</a>><br>
<b>Subject:</b> [WSBAPT] Last Minute Will</p>
</div>
<p class="MsoNormal"> </p>
<div>
<div>
<p class="MsoNormal"><span
style="font-family:Arial,sans-serif">Greetings
List - </span></p>
</div>
<div>
<p class="MsoNormal"><span
style="font-family:Arial,sans-serif"> </span></p>
</div>
<div>
<p class="MsoNormal"><span
style="font-family:Arial,sans-serif">Is there ANY
language that you can think of where a Will can
overturn a beneficiary designation? I have a PC
who is about to pass (literally, minutes matter)
and realized that her wishes regarding
distribution are not in line with what she wanted.
Example - she has a 401(k) where she named one
child as sole beneficiary, but she wants those
funds to be used to satisfy some of the estate's
debts. Things of that nature. </span></p>
</div>
<div>
<p class="MsoNormal"><span
style="font-family:Arial,sans-serif"> </span></p>
</div>
<div>
<p class="MsoNormal"><span
style="font-family:Arial,sans-serif">Hoping that
someone may have a solution</span></p>
</div>
<div>
<div>
<div>
<div>
<p><b><span style="font-family:"Times New
Roman",serif">Brent Williams-Ruth</span></b><span
style="font-family:"Times New
Roman",serif"> (preferred pronoun:
he/him)<br>
<i>Attorney-At-Law</i></span></p>
<p><b><span style="font-family:"Times New
Roman",serif">Law Offices of Brent
Williams-Ruth, </span></b><b><span
style="font-size:7.5pt;font-family:"Times
New Roman",serif">a division of BWR
Consulting, PLLC</span></b></p>
<p><b><u><span style="font-family:"Times
New Roman",serif;color:red">New
Address & Phones Effective December
1, 2020:</span></u></b><b><span
style="font-family:"Times New
Roman",serif"> 500 S 336th Street,
Suite 214; Federal Way, WA 98003</span></b></p>
<p><span style="font-family:"Times New
Roman",serif">Office/Scheduling Phone:<span
style="color:rgb(0,64,128)"> </span><span
style="color:red">(253) 285-7751</span></span></p>
<p><span style="font-family:"Times New
Roman",serif">Direct:<span
style="color:red"> (253) 285-7453</span></span></p>
<p><a href="mailto:Brent@Williams-RuthLaw.com"
target="_blank" moz-do-not-send="true"><span
style="font-family:"Times New
Roman",serif">e-mail</span></a><span
style="font-family:"Times New
Roman",serif"> / </span><a
href="http://www.williams-ruthlaw.com/"
target="_blank" moz-do-not-send="true"><span
style="font-family:"Times New
Roman",serif">website</span></a><span
style="font-family:"Times New
Roman",serif"> /</span><span
style="font-size:9.5pt;font-family:"Times
New Roman",serif"> </span><a
href="http://www.facebook.com/bwrlaw"
target="_blank" moz-do-not-send="true"><span
style="font-size:9.5pt;font-family:"Times New Roman",serif">facebook</span></a><span
style="font-size:9.5pt;font-family:"Times New Roman",serif"> / </span></p>
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<pre class="moz-quote-pre" wrap="">***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.***
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