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<p class="MsoNormal"><span style="font-family:"Times New Roman",serif">Randy – We occasionally, more often than we like, have to get financial institutions attention when it comes to honoring the actions of an AIF. We generally start the process with a polite,
but directed, letter referencing RCW 11.125.200. If they still refuse – we file and action against them and ask for attorney fees, which we always get awarded.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Times New Roman",serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Times New Roman",serif">Not sure if you will have an issue with getting jurisdiction over the insurance company - but hope this helps.
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Times New Roman",serif"><o:p> </o:p></span></p>
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<p class="MsoNormal"><span style="font-family:"Times New Roman",serif">Regards, <o:p>
</o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Times New Roman",serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Times New Roman",serif">Mark<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Times New Roman",serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Times New Roman",serif">Mark C. Vohr, Esq.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Times New Roman",serif">Ohana Fiduciary Corp.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Times New Roman",serif">Ohana Financial Services<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Times New Roman",serif">A Washington Trust Company<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Times New Roman",serif">Mark C. Vohr, J.D., CPG, Principal<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Times New Roman",serif">PO Box 33710 Seattle, WA 98133<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Times New Roman",serif">T: (206) 782-1189 F: (206) 782-1434<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Times New Roman",serif">mcv@ohanafc.com www.ohanafc.com<o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-family:"Times New Roman",serif"><o:p> </o:p></span></p>
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<p class="MsoNormal"><b>From:</b> wsbapt-bounces@lists.wsbarppt.com <wsbapt-bounces@lists.wsbarppt.com>
<b>On Behalf Of </b>Randolph Petgrave<br>
<b>Sent:</b> Tuesday, February 16, 2021 3:01 PM<br>
<b>To:</b> WSBA Probate & Trust Listserv <wsbapt@lists.wsbarppt.com><br>
<b>Subject:</b> [WSBAPT] POA question<o:p></o:p></p>
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<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Listmates,<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">I have a situation where an attorney-in-fact used her power under a POA to change the beneficiary of a life insurance policy. The power to do this was specifically granted in the POA.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">The original life insurance designation gave 60% to the AIF (who was also the principal’s spouse), and 40% to Beneficiary A. After the principal changed his estate plan, creating an Irrevocable Family Trust, he wanted to change the life
insurance to be 50% to AIF, and 50% to the Family Trust (of which Beneficiary A is one of five trust beneficiaries). Because the principal suffered from ALS he was physically unable to sign the document, and had the AIF sign for him under the POA.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">The life insurance company declined to honor the updated beneficiary designation saying the POA was insufficient to authorize the AIF to make such changes (despite the specific language, and the fact that the AIF was actually
<i>reducing</i> her share). <o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Does anyone have case law or other authority (state or federal), that would be helpful in defending the AIF’s ability to make the changes to the new designation document?<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Thanks in advance for your responses.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Regards, <o:p></o:p></p>
<p class="MsoNormal">Randy<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p style="margin:0in"><span style="font-size:12.0pt;color:black">Petgrave & Petgrave, PLLC</span><o:p></o:p></p>
<p style="margin:0in"><span style="font-size:12.0pt;color:black">Attorneys at Law</span><o:p></o:p></p>
<p style="margin:0in"><span style="font-size:12.0pt;color:black">Mailing: P.O. Box 2831</span><span style="color:black"><o:p></o:p></span></p>
<p style="margin:0in"><span style="font-size:12.0pt;color:black">Issaquah, WA 98027</span><o:p></o:p></p>
<p style="margin:0in"><span style="font-size:12.0pt;color:black"> </span><o:p></o:p></p>
<p style="margin:0in"><span style="font-size:12.0pt;color:black">Direct: (206) 240-9148</span><o:p></o:p></p>
<p style="margin:0in"><span style="font-size:12.0pt;color:black">Fax: (206) 260-2710</span><o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
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