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<p class="MsoNormal">You might try the Estate Planning, Probate, and Trust Administration in Washington (WSBA 2020), which used to be a couple separate Deskbooks on EP and Probate/Trust and now has been consolidated. Chapters 7 and 8 go through the tax planning
issues. The book can be accessed by purchasing a subscription at Casemaker (see the “Libra Books” tab once you’ve logged in); it’s $200/yr for that book by itself. Also available in hardcopy or by subscription at LexisNexis.<o:p></o:p></p>
<p class="MsoNormal"><a href="https://www.mywsba.org/PersonifyEbusiness/CLEStore/Estate-Planning-Probate-and-Trust-Administration-in-Washington-2020/ProductDetail/18081688">https://www.mywsba.org/PersonifyEbusiness/CLEStore/Estate-Planning-Probate-and-Trust-Administration-in-Washington-2020/ProductDetail/18081688</a><o:p></o:p></p>
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<p class="MsoNormal">I think it’s worth the money; I use it all the time for probate administration and litigation. Not so much for EP simply because I refer EP work to another attorney at my office, Karin Treadwell.<o:p></o:p></p>
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<p class="MsoNormal">Sincerely,<o:p></o:p></p>
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<p class="MsoNormal">Eric<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Eric C. Nelsen<o:p></o:p></p>
<p class="MsoNormal">Sayre Law Offices, PLLC<o:p></o:p></p>
<p class="MsoNormal">1417 31st Ave South<o:p></o:p></p>
<p class="MsoNormal">Seattle WA 98144-3909<o:p></o:p></p>
<p class="MsoNormal">206-625-0092<o:p></o:p></p>
<p class="MsoNormal"><a href="mailto:eric@sayrelawoffices.com"><span style="color:#0563C1">eric@sayrelawoffices.com</span></a><o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><b><span style="background:aqua;mso-highlight:aqua">Covid-19 Update -
</span></b>All attorneys are working remotely during regular business hours and are available via email and by phone. Videoconferencing also is available. Signing of estate planning documents can be completed and will be handled on a case-by-case basis. Please
direct mail and deliveries to the Seattle office.<o:p></o:p></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>michael westseattleattorney.com<br>
<b>Sent:</b> Wednesday, July 28, 2021 6:12 AM<br>
<b>To:</b> WSBA Probate & Trust Listserv <wsbapt@lists.wsbarppt.com><br>
<b>Subject:</b> Re: [WSBAPT] Medicare Trust<o:p></o:p></p>
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<p class="MsoNormal">Thanks - The problem with her was that she has several properties with large capital gains And gifting them now would transfer her basis and lose the step up. Where can I research the strategies, like an LLC your family Partnership, etc.?
Thanks Mike<o:p></o:p></p>
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<p class="MsoNormal">Sent from my iPhone<o:p></o:p></p>
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<p class="MsoNormal" style="margin-bottom:12.0pt">On Jul 28, 2021, at 1:44 AM, Setareh Mahmoodi <<a href="mailto:mahmoodi.setareh@gmail.com">mahmoodi.setareh@gmail.com</a>> wrote:<o:p></o:p></p>
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<p class="MsoNormal">Client retained full control over all her assets hence the name revocable. All assets were and are within her control and therefore, not protected or removed from her estate and not exempt. RLTs don't provide any asset protection. All assets
remain available to the trustmaker even if funded to the trust. Often, laypeople misunderstand and/or misinterpret "trusts" as protection tools, it's not
<i>always </i>the attorney's fault so I would be hesitant to believe an attorney would have said that about a RLT without further inquiry. (Not impossible just unlikely if the attorney is experienced in trust and estates).
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<p class="MsoNormal">In order to protect assets or remove and reduce the size of her estate for Medicaid planning, she would have had to utilize more complex strategies. One of which is an
<i>irrevocable </i>trust, which can provide asset protection and/or remove assets from the estate to plan for Medicaid purposes. <o:p></o:p></p>
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<p class="MsoNormal">Good luck! <o:p></o:p></p>
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<p class="MsoNormal">Setareh <o:p></o:p></p>
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<p class="MsoNormal">On Tue, Jul 27, 2021 at 8:44 AM Marcus Fry <<a href="mailto:mfry@lyon-law.com" target="_blank">mfry@lyon-law.com</a>> wrote:<o:p></o:p></p>
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<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span style="color:#1F497D">Your client was told incorrectly. Not uncommon. Laypeople think there is only one type of trust and that their RLT protects from all kinds of creditors.
Resources held in a RLT are not exempt from being counted in Washington State for Medicaid. See WAC 182-516-0115.</span><o:p></o:p></p>
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<span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#1F497D">Marcus J. Fry</span><o:p></o:p></p>
<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#1F497D">Lyon, Weigand & Gustafson, P.S.
</span><o:p></o:p></p>
<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#1F497D">P.O. Box 1689
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Yakima, Washington 98907 <br>
Telephone: (509) 248-7220 <br>
Facsimile: (509) 575-1883 </span><o:p></o:p></p>
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<b><u><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#1F497D">NOTICES:</span></u></b><o:p></o:p></p>
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<b><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#1F497D">Confidentiality:
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are hereby notified that any disclosure, or taking of any action in reliance on the contents, is strictly prohibited. If you have received this transmission in error, please contact us immediately and return the e-mail to us by choosing Reply (or the corresponding
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<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><b><span style="font-size:10.0pt;font-family:"Tahoma",sans-serif">From:</span></b><span style="font-size:10.0pt;font-family:"Tahoma",sans-serif">
<a href="mailto:wsbapt-bounces@lists.wsbarppt.com" target="_blank">wsbapt-bounces@lists.wsbarppt.com</a> [mailto:<a href="mailto:wsbapt-bounces@lists.wsbarppt.com" target="_blank">wsbapt-bounces@lists.wsbarppt.com</a>]
<b>On Behalf Of </b>michael <a href="http://westseattleattorney.com" target="_blank">
westseattleattorney.com</a><br>
<b>Sent:</b> Tuesday, July 27, 2021 8:25 AM<br>
<b>To:</b> WSBA Probate & Trust Listserve<br>
<b>Subject:</b> Re: [WSBAPT] Medicare Trust</span><o:p></o:p></p>
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<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span style="color:black">Correction - drafter used words : " .. protects in case you or a family member needs to apply for state financial assistance"</span><o:p></o:p></p>
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<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><b><span style="color:black">From:</span></b><span style="color:black"> michael
<a href="http://westseattleattorney.com" target="_blank">westseattleattorney.com</a> <<a href="mailto:michael@westseattleattorney.com" target="_blank">michael@westseattleattorney.com</a>><br>
<b>Sent:</b> Tuesday, July 27, 2021 8:11 AM<br>
<b>To:</b> WSBA Probate & Trust Listserve <<a href="mailto:wsbapt@lists.wsbarppt.com" target="_blank">wsbapt@lists.wsbarppt.com</a>><br>
<b>Subject:</b> Medicare Trust </span><o:p></o:p></p>
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<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span style="color:black">PC brought in a RLT from 2005 and said drafter told her that it protected her assets from Medicaid in case she went into a nursing home. This was news
to me. It is my understanding that the assets are considered to be in your estate when qualifying for meicaid. Yes, No? Thanks </span><o:p></o:p></p>
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<p class="MsoNormal">***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.***<br>
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<b><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:black">Best regards, </span></b><span style="font-size:10.0pt;font-family:"Arial",sans-serif"><o:p></o:p></span></p>
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<span style="font-size:10.0pt;font-family:"Arial",sans-serif"><o:p> </o:p></span></p>
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<b><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:black">Setareh Mahmoodi </span></b><span style="font-size:10.0pt;font-family:"Arial",sans-serif"><o:p></o:p></span></p>
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<b><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:black">Attorney at Law </span></b><span style="font-size:10.0pt;font-family:"Arial",sans-serif"><o:p></o:p></span></p>
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<b><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:black">18222 104th Ave NE, Suite 103</span></b><span style="font-size:10.0pt;font-family:"Arial",sans-serif"><o:p></o:p></span></p>
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<b><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:black">Bothell, WA 98011</span></b><span style="font-size:10.0pt;font-family:"Arial",sans-serif"><o:p></o:p></span></p>
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<b><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:black">Phone: 425-806-1500</span></b><span style="font-size:10.0pt;font-family:"Arial",sans-serif"><o:p></o:p></span></p>
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<b><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:black">Email:
<a href="mailto:SM@LawOfficesofSM.com">SM@LawOfficesofSM.com</a></span></b><span style="font-size:10.0pt;font-family:"Arial",sans-serif"><o:p></o:p></span></p>
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