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Thanks Phil </div>
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<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 Philip N. Jones <pjones@duffykekel.com><br>
<b>Sent:</b> Monday, February 27, 2023 11:54 AM<br>
<b>To:</b> WSBA Probate & Trust Listserv <wsbapt@lists.wsbarppt.com><br>
<b>Subject:</b> Re: [WSBAPT] Question about Revocable Living Trust</font>
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<p class="x_MsoNormal"><span style="font-size:14.0pt; font-family:"Times New Roman",serif">I agree with Diane. Having the account payable to the trust or to the estate invariably creates some friction that could result in income tax being paid by the trust
or estate. Always better to name the charity as beneficiary of the account. Charities don’t pay income taxes. Trusts and estates often do. In rare situations, a trust or an estate might even end up paying income taxes in its final year. Very rare, but
it can happen. I have seen it happen.</span></p>
<p class="x_MsoNormal"><span style="font-size:14.0pt; font-family:"Times New Roman",serif">Phil Jones</span></p>
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<p class="x_MsoNormal"><span style="font-size:14.0pt; font-family:"Times New Roman",serif">Philip N. Jones</span></p>
<p class="x_MsoNormal"><span style="font-size:14.0pt; font-family:"Times New Roman",serif">Duffy Kekel LLP</span></p>
<p class="x_MsoNormal"><span style="font-size:14.0pt; font-family:"Times New Roman",serif">900 S.W. Fifth Ave. Suite 2500</span></p>
<p class="x_MsoNormal"><span style="font-size:14.0pt; font-family:"Times New Roman",serif">Portland, OR 97204</span></p>
<p class="x_MsoNormal"><span style="font-size:14.0pt; font-family:"Times New Roman",serif"><a href="mailto:pjones@duffykekel.com"><span style="color:#0563C1">pjones@duffykekel.com</span></a></span></p>
<p class="x_MsoNormal"><span style="font-size:14.0pt; font-family:"Times New Roman",serif">(503) 226-1371 – office</span></p>
<p class="x_MsoNormal"><span style="font-size:14.0pt; font-family:"Times New Roman",serif">(503) 853-1482 – cell</span></p>
<p class="x_MsoNormal"><span style="font-size:14.0pt; font-family:"Times New Roman",serif">(503) 226-3574 - fax</span></p>
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<p class="x_MsoNormal"><b>From:</b> wsbapt-bounces@lists.wsbarppt.com <wsbapt-bounces@lists.wsbarppt.com>
<b>On Behalf Of </b>Diane J. Kiepe<br>
<b>Sent:</b> Monday, February 27, 2023 11:45 AM<br>
<b>To:</b> WSBA Probate & Trust Listserv <wsbapt@lists.wsbarppt.com><br>
<b>Subject:</b> Re: [WSBAPT] Question about Revocable Living Trust</p>
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<p class="x_MsoNormal"><span style="font-size:12.0pt; font-family:"Times New Roman",serif">100% True – unless there is very specific wording in the document which I have seen miserably attempted…..it makes so much more sense to make Qualified Plans directly
payable to the organization or a CRT to avoid trust administration and potential lock ups due to litigation……….while conduit trusts for charities may still work, I can think of no case, off the top of my head on this Monday, of why I would advise my client
to take that route </span><span style="font-size:12.0pt; font-family:"Segoe UI Emoji",sans-serif">😉</span><span style="font-size:12.0pt; font-family:"Times New Roman",serif"></span></p>
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<p class="x_MsoNormal"><i><span style="font-family:"Script MT Bold"">Diane J. Kiepe</span></i></p>
<p class="x_MsoNormal"><i><span style="font-family:"Script MT Bold""> </span></i></p>
<p class="x_MsoNormal">Diane J. Kiepe</p>
<p class="x_MsoNormal">Douglas Eden</p>
<p class="x_MsoNormal">717 W. Sprague Ave.</p>
<p class="x_MsoNormal">Suite 1500</p>
<p class="x_MsoNormal">Spokane, WA 99201</p>
<p class="x_MsoNormal"><a href="mailto:djkiepe@depdslaw.com">djkiepe@depdslaw.com</a></p>
<p class="x_MsoNormal">509-455-5300</p>
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<p class="x_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>michael westseattleattorney.com<br>
<b>Sent:</b> Monday, February 27, 2023 11:40 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] Question about Revocable Living Trust</p>
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<p class="x_MsoNormal" style="background:white"><span style="font-family:"Times New Roman",serif; color:black">As to RLT and Charitable Orgs, is it true that a Charity receives more if it receives the decedent's deferred income account from the Decedent's Deferred
Plan rather than having the Trustee receive the funds net of taxes and then disbursing? Thaks Mike Atkins</span></p>
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