<html>
<head>
<meta http-equiv="Content-Type" content="text/html; charset=Windows-1252">
</head>
<body>
<div>
<div>
<div dir="ltr">
<div dir="ltr">Sharon:</div>
<div dir="ltr">Have your clients look into the Seattle Foundation.</div>
<div dir="ltr">Kerry A. Richards</div>
</div>
</div>
<div id="ms-outlook-mobile-signature">
<div><br>
</div>
Get <a href="https://aka.ms/o0ukef">Outlook for iOS</a></div>
</div>
<hr style="display:inline-block;width:98%" tabindex="-1">
<div id="divRplyFwdMsg" dir="ltr"><font face="Calibri, sans-serif" style="font-size:11pt" color="#000000"><b>From:</b> wsbapt-bounces@lists.wsbarppt.com <wsbapt-bounces@lists.wsbarppt.com> on behalf of Sharon Rutberg <sharon@salmonbaylaw.com><br>
<b>Sent:</b> Tuesday, July 26, 2022 4:01:16 PM<br>
<b>To:</b> wsbapt@lists.wsbarppt.com <wsbapt@lists.wsbarppt.com><br>
<b>Subject:</b> [WSBAPT] nonprofit org as trustee?</font>
<div> </div>
</div>
<style>
<!--
@font-face
{font-family:"Cambria Math"}
@font-face
{font-family:Calibri}
@font-face
{font-family:Verdana}
p.x_MsoNormal, li.x_MsoNormal, div.x_MsoNormal
{margin:0in;
font-size:11.0pt;
font-family:"Calibri",sans-serif}
span.x_EmailStyle17
{font-family:"Calibri",sans-serif;
color:windowtext}
.x_MsoChpDefault
{font-family:"Calibri",sans-serif}
@page WordSection1
{margin:1.0in 1.0in 1.0in 1.0in}
div.x_WordSection1
{}
-->
</style>
<div lang="EN-US" link="#0563C1" vlink="#954F72" style="word-wrap:break-word">
<div class="x_WordSection1">
<p class="x_MsoNormal"><span style="font-size:13.0pt">Hi, friends – </span></p>
<p class="x_MsoNormal"><span style="font-size:13.0pt"> </span></p>
<p class="x_MsoNormal"><span style="font-size:13.0pt">Clients, a married couple, want to create a testamentary trust to receive assets when the second of them dies. The trust would hold assets intended for charitable purposes. They want to name a not-for-profit
organization to serve as trustee, rather than a professional fiduciary (such as one of the Washington trust banks), to avoid having to pay trustee fees. Instead, they want the organization to receive a small portion of the trust assets each year as a donation
in return for serving as trustee. </span></p>
<p class="x_MsoNormal"><span style="font-size:13.0pt"> </span></p>
<p class="x_MsoNormal"><span style="font-size:13.0pt">Has anyone seen this done before, and are there issues we should be aware of? I’m trying to figure out if this is a terrific idea or if it will create more pitfalls than it avoids. For example, the organization
they are considering is located in Washington, D.C. The trustee would be in charge of a trust subject to Washington law, but would not be a Washington entity. Does that create a problem?</span></p>
<p class="x_MsoNormal"><span style="font-size:13.0pt"> </span></p>
<p class="x_MsoNormal"><span style="font-size:13.0pt">Thanks for any guidance you can provide.</span></p>
<p class="x_MsoNormal"><span style="font-size:13.0pt"> </span></p>
<p class="x_MsoNormal"><span style="font-size:13.0pt">Sharon </span></p>
<p class="x_MsoNormal"> </p>
<p class="x_MsoNormal"><span style="font-size:9.0pt; font-family:"Verdana",sans-serif; color:black">Sharon C. Rutberg, Attorney at Law</span><span style="color:black"></span></p>
<p class="x_MsoNormal"><span style="font-size:9.0pt; font-family:"Verdana",sans-serif; color:black">Salmon Bay Law Group, PLLC</span><span style="color:black"></span></p>
<p class="x_MsoNormal"><span style="font-size:9.0pt; font-family:"Verdana",sans-serif; color:black">1734 NW Market St.</span><span style="color:black"></span></p>
<p class="x_MsoNormal"><span style="font-size:9.0pt; font-family:"Verdana",sans-serif; color:black">Seattle, WA 98107</span><span style="color:black"></span></p>
<p class="x_MsoNormal"><span style="font-size:9.0pt; font-family:"Verdana",sans-serif; color:black">206-735-3177, ext. 2</span><span style="color:black"></span></p>
<p class="x_MsoNormal"><span style="color:black"><a href="mailto:sharon@salmonbaylaw.com"><span style="font-size:9.0pt; font-family:"Verdana",sans-serif; color:#0563C1">sharon@salmonbaylaw.com</span></a></span><span style="font-size:9.0pt; font-family:"Verdana",sans-serif; color:black">
</span><span style="color:black"></span></p>
<p class="x_MsoNormal"><span style="font-size:9.0pt; font-family:"Verdana",sans-serif; color:black">Website:
<a href="http://www.salmonbaylaw.com/"><span style="color:#0563C1">www.salmonbaylaw.com</span></a></span><span style="color:black"></span></p>
<p class="x_MsoNormal"><span style="font-size:9.0pt; font-family:"Verdana",sans-serif; color:black">Washington State Bar #47055<br>
<br>
NOTICES<br>
The contents of this message and any attachments may be protected by the attorney-client privilege, work product doctrine, and/or other applicable protections. If you are not the intended recipient or have received this message in error, please notify the sender
and promptly delete the message. Thank you for your assistance.</span><span style="color:black"></span></p>
</div>
</div>
</body>
</html>