<html xmlns:v="urn:schemas-microsoft-com:vml" xmlns:o="urn:schemas-microsoft-com:office:office" xmlns:w="urn:schemas-microsoft-com:office:word" xmlns:m="http://schemas.microsoft.com/office/2004/12/omml" xmlns="http://www.w3.org/TR/REC-html40"><head><meta http-equiv=Content-Type content="text/html; charset=utf-8"><meta name=Generator content="Microsoft Word 15 (filtered medium)"><style><!--
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</o:shapelayout></xml><![endif]--></head><body lang=EN-US link=blue vlink=purple style='word-wrap:break-word'><div class=WordSection1><p class=MsoNormal>I may have mentioned this before but it used to be credit unions were allowed to cross collateralize accounts (e.g. credit card secured by checking account) under federal law (the price paid for lower fees?), and most did- I ran into this years ago when I practiced bankruptcy law in Oregon years ago. As a result, debtors were advised to withdraw funds from the account, and convert to exempt assets, before filing for bankruptcy. Obviously harder for dead debtor to do as train has already left the station. I suspect CU is acting within their rights. Thanks, Cy<o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal><i>Cyrus W. Field, Attorney at Law (admitted in Washington and Oregon)<o:p></o:p></i></p><p class=MsoNormal><i>phone: 360-472-1223 Mail: POB 367, Shaw Island, WA 98286 Office: 640 Mullis St. Friday Harbor, WA</i><o:p></o:p></p><p class=MsoNormal><span style='font-size:8.0pt'>******************************************************************<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:8.0pt'>The information contained in this e-mail message, including attachments, 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 you have received this e-mail in error, please e-mail the sender at cyfield@rockisland.com and destroy or delete the original and any copies. <o:p></o:p></span></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal><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>From:</b> wsbapt-bounces@lists.wsbarppt.com <wsbapt-bounces@lists.wsbarppt.com> <b>On Behalf Of </b>Roger Hawkes<br><b>Sent:</b> Tuesday, March 16, 2021 10:27 AM<br><b>To:</b> WSBA Probate & Trust Listserv <wsbapt@lists.wsbarppt.com><br><b>Subject:</b> Re: [WSBAPT] Payment of Debts out of Primary Checking without Following Creditor Procedures<o:p></o:p></p></div></div><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>I think that is true of many financial institutions; someone needs to be motivated to challenge the practice.<o:p></o:p></p><p class=MsoNormal><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>From:</b> <a href="mailto:wsbapt-bounces@lists.wsbarppt.com">wsbapt-bounces@lists.wsbarppt.com</a> <<a href="mailto:wsbapt-bounces@lists.wsbarppt.com">wsbapt-bounces@lists.wsbarppt.com</a>> <b>On Behalf Of </b>Rebecca King<br><b>Sent:</b> Tuesday, March 16, 2021 10:04 AM<br><b>To:</b> WSBA Probate & Trust Listserv <<a href="mailto:wsbapt@lists.wsbarppt.com">wsbapt@lists.wsbarppt.com</a>><br><b>Subject:</b> Re: [WSBAPT] Payment of Debts out of Primary Checking without Following Creditor Procedures<o:p></o:p></p></div></div><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>Hi Brent,<o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>This is a common practice with BECU. My understanding is that BECU has language in their credit card and loan contracts which allow them to remove the funds directly from the decedent’s account. It has come up on the listserve several times, but I don’t think anyone has actually challenged BECU on this practice.<o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal style='text-autospace:none'>Warmest regards,<o:p></o:p></p><p class=MsoNormal style='text-autospace:none'><span style='font-size:14.0pt;font-family:"Script MT Bold";color:black'>Rebecca King</span><o:p></o:p></p><p class=MsoNormal style='text-autospace:none'><span style='font-size:10.0pt;font-family:"Book Antiqua",serif;color:black'>Attorney</span><o:p></o:p></p><p class=MsoNormal style='text-autospace:none'><span style='font-size:10.0pt;font-family:"Book Antiqua",serif;color:black'> </span><o:p></o:p></p><p class=MsoNormal style='text-autospace:none'><b><span style='color:black'>Northwest Elder Law Group</span></b><o:p></o:p></p><p class=MsoNormal style='text-autospace:none'><span style='color:black'>2150 N. 107<sup>th</sup> Street, Suite 501<o:p></o:p></span></p><p class=MsoNormal style='text-autospace:none'><span style='color:black'>Seattle, WA 98133</span><o:p></o:p></p><p class=MsoNormal style='text-autospace:none'><span style='color:black'>Main: (206) 937-6102</span><o:p></o:p></p><p class=MsoNormal style='text-autospace:none'><span style='color:black'>Direct Line and Fax: (206) 866-6544</span><o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal><i><span style='font-family:"Book Antiqua",serif;color:black'>Providing Services in Elder Law<o:p></o:p></span></i></p><p class=MsoNormal><span style='color:black'> <o:p></o:p></span></p><p class=MsoNormal><span style='font-size:8.0pt;font-family:"Book Antiqua",serif;color:black'>CONFIDENTIALITY NOTICE: This e-mail message, including any attachments, is for the sole use of the intended recipient(s) and may contain confidential and privileged information protected by law. Any unauthorized review, use, disclosure or distribution is prohibited. If you are not the intended recipient, please contact the sender by reply e-mail and destroy all copies of the original message.</span><span style='font-size:8.0pt'><o:p></o:p></span></p><p class=MsoNormal><o:p> </o:p></p><div style='border:none;border-top:solid #E1E1E1 1.0pt;padding:3.0pt 0in 0in 0in'><p class=MsoNormal><b>From:</b> <a href="mailto:wsbapt-bounces@lists.wsbarppt.com">wsbapt-bounces@lists.wsbarppt.com</a> <<a href="mailto:wsbapt-bounces@lists.wsbarppt.com">wsbapt-bounces@lists.wsbarppt.com</a>> <b>On Behalf Of </b>Brent Williams-Ruth<br><b>Sent:</b> Tuesday, March 16, 2021 9:37 AM<br><b>To:</b> WSBA Probate & Trust Listserv <<a href="mailto:WSBAPT@lists.wsbarppt.com">WSBAPT@lists.wsbarppt.com</a>><br><b>Subject:</b> [WSBAPT] Payment of Debts out of Primary Checking without Following Creditor Procedures<o:p></o:p></p></div><p class=MsoNormal><o:p> </o:p></p><div><div><p class=MsoNormal><span style='font-family:"Arial",sans-serif'>Good Morning Colleagues!<o:p></o:p></span></p></div><div><p class=MsoNormal><span style='font-family:"Arial",sans-serif'><o:p> </o:p></span></p></div><div><p class=MsoNormal><span style='font-family:"Arial",sans-serif'>I write to share an experience that a PR of mine just had with BECU. *NOTE* this story ends fine, in that there were other assets, but just as a cautionary tale to anyone else. <o:p></o:p></span></p></div><div><p class=MsoNormal><span style='font-family:"Arial",sans-serif'><o:p> </o:p></span></p></div><div><p class=MsoNormal><span style='font-family:"Arial",sans-serif'>Decedent had a primary bank account with BECU. They also had a credit card, a personal line of credit, and a car loan. When the PR went to obtain the funds from the primary account to put into the Estate account - BECU paid off all of their own debts FIRST and gave the remainder to my PR in the form of a cashier's check.<o:p></o:p></span></p></div><div><p class=MsoNormal><span style='font-family:"Arial",sans-serif'><o:p> </o:p></span></p></div><div><p class=MsoNormal><span style='font-family:"Arial",sans-serif'>She pushed back and said - wait, don't you have to go through the notice to creditor's period and BECU allegedly told her that this was permitted based upon the terms and conditions. <o:p></o:p></span></p></div><div><p class=MsoNormal><span style='font-family:"Arial",sans-serif'><o:p> </o:p></span></p></div><div><p class=MsoNormal><span style='font-family:"Arial",sans-serif'>As I said above, the estate is solvent and they would have been paid had they gone through the normal process - but this is the first time in my 6 years of independent practice that I have ever had this happen. <o:p></o:p></span></p></div><div><p class=MsoNormal><span style='font-family:"Arial",sans-serif'><o:p> </o:p></span></p></div><div><p class=MsoNormal><span style='font-family:"Arial",sans-serif'>Just wanted to share with others. <o:p></o:p></span></p></div><div><p class=MsoNormal><span style='font-family:"Arial",sans-serif'>Brent <o:p></o:p></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><o:p></o:p></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><o:p></o:p></p><p><b><span style='font-family:"Times New Roman",serif'>Physical Address: 500 S 336th Street, Suite 214; Federal Way, WA 98003</span></b><o:p></o:p></p><p><b><span style='font-family:"Times New Roman",serif;color:red'>**EFFECTIVE IMMEDIATELY**</span></b><b><span style='font-family:"Times New Roman",serif'> All mail sent through the USPS should be sent to the following address: PO BOX 3319; Federal Way, WA 98063 </span></b><o:p></o:p></p><p><span style='font-family:"Times New Roman",serif'>Office/Scheduling Phone:<span style='color:#004080'> </span><span style='color:red'>(253) 285-7751</span></span><o:p></o:p></p><p><span style='font-family:"Times New Roman",serif'>Direct:<span style='color:red'> (253) 285-7453</span></span><o:p></o:p></p><p><a href="mailto:Brent@Williams-RuthLaw.com" target="_blank"><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"><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"><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><o:p></o:p></p></div></div></div></div></div></div></body></html>