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--></style></head><body lang="EN-US" link="blue" vlink="purple"><div class="WordSection1"><p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1f497d">I’ve been dealing with BECU’s cross collateralization agreement issue my entire bankruptcy career when there is a securitized asset like a car or rv. Not sure if it the same issue here. But it seems like it is just good old ofset rights. I don’t know why bank’s are not doing it. <a href="https://app.leg.wa.gov/rcw/default.aspx?cite=48.31.290">https://app.leg.wa.gov/rcw/default.aspx?cite=48.31.290</a> </span></p><p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1f497d"> </span></p><div><p class="MsoNormal" style="mso-margin-top-alt:auto"><b><span style="font-size:24.0pt;color:#4c76a2">Mark C. McClure<br></span></b><i><span style="color:#4c76a2">Managing Attorney <br></span></i><span style="font-size:13.5pt;color:navy">Law Office of Mark McClure, PS<b> <br></b></span><i><span style="font-size:10.0pt;color:navy">"Why Retire With Debt?"<br></span></i><span style="font-size:13.5pt;color:navy">1103 West Meeker Street, #101<br>Kent, WA 98032</span><span style="color:#1f497d"></span></p><p class="MsoNormal"><span style="color:navy">Office: 253.631.6484<br></span><span style="font-size:11.0pt;font-family:"Arial","sans-serif";color:#003399">Email: <a href="mailto:Mark@McClureLawGroup.com" target="_blank">Mark@McClureLawGroup.com</a></span><span style="color:#1f497d"></span></p><p class="MsoNormal"><b><span style="font-size:10.0pt;color:#1f497d">Notice of Unavailability:</span></b><span style="font-size:10.0pt;color:#1f497d"> </span><b><span style="font-size:10.0pt;color:red"> TBD </span></b><span style="color:#1f497d"></span></p><p class="MsoNormal"><b><span style="color:navy">CONFIDENTIALITY NOTICE:</span></b><span style="color:navy"> </span><span style="color:#1c1e21;background:#f2f3f5">This email contains legal stuff. If you are not the intended recipient you could get into a lot of trouble if you read it, and even more trouble if you tell someone else about it. So, the best thing to do is ignore it and forget you ever saw it. Thank you.</span><span style="color:navy"> </span><span style="color:#1f497d"></span></p></div><p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1f497d"> </span></p><div><div style="border:none;border-top:solid #b5c4df 1.0pt;padding:3.0pt 0in 0in 0in"><p class="MsoNormal"><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">wsbapt-bounces@lists.wsbarppt.com</a> [mailto:<a href="mailto:wsbapt-bounces@lists.wsbarppt.com">wsbapt-bounces@lists.wsbarppt.com</a>] <b>On Behalf Of </b>David Moe<br><b>Sent:</b> Monday, June 26, 2023 6:59 PM<br><b>To:</b> WSBA Probate & Trust Listserv<br><b>Subject:</b> Re: [WSBAPT] BECU and Creditor Claim</span></p></div></div><p class="MsoNormal"> </p><div><p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:black">By any chance is BECU a secured creditor as to the debt in question—and does the estate (incl. non-probate estate) include funds in BECU CD or share or checking accounts? BECU (and perhaps other credit unions) may claim to have a right to freeze or to enforce a set-off as to decedent's assets in BECU accounts. I don't believe commercial banks enjoy the same right. The right of set-off might put BECU in a "secured-creditor" status. Secured creditor status would allow BECU to ignore the mailed NTC and to verify their offset claim. </span></p></div><div><p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:black"> </span></p></div><div><p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:black">Possibly that would explain the BECU request for letters and death certificate. This happed with an unfortunate result some year back with one of my probate matters where decedent left a $16K BECU share account but also had a secured debt held by BECU. I don't recall whether that was a BECU notice/deed of trust or a BECU credit card debt. The share account was decedent's only liquid asset other than equity in decedent's personal residence real property. That cient needed some of the cash from the BECU account to make the decedent's residence marketable, in which event both the estate and BECU would have benefitted. There would have been a modest surplus to the estate. The PR client (a sole adult child beneficiary) did not have (or did not want to risk) additional personal funds to make the necessary repairs. BECU would not relent. My client, who had traveled from the east coast and paid attorney fees to open the probate, decided to abandon the estate rather than sink more personal funds into the fiasco. In today's real estate market things might have been different. My take-away has been to warn modest-means clients about this mixed-benefit situation involving credit unions.</span></p></div><div><p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:black"> </span></p></div><div><p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:black">Has anyone else experienced this? </span></p></div><div><p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:black"> </span></p></div><div><p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:black">Dave Moe</span></p></div><div><p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:black"> </span></p></div><div><div id="Signature"><div><div><p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span style="font-size:9.0pt">David Moe Attorney, P.S.</span></p><p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span style="font-size:9.0pt">Telephone: 425-432-1277</span></p><p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span style="font-size:9.0pt">Fax: 425-432-1280</span></p><p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span style="font-size:9.0pt">23745 225<sup>th</sup> Way SE, Suite 108</span></p><p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span style="font-size:9.0pt">Maple Valley, WA 98038</span></p><p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span style="font-size:9.0pt"> </span></p><p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span style="font-size:9.0pt">Email: </span><a href="mailto:davidmoe@maplevalleylaw.com" target="_parent"><span style="font-size:9.0pt">davidmoe@maplevalleylaw.com</span></a></p><p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span style="font-size:9.0pt"> </span></p><p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><b><span style="font-size:9.0pt;font-family:"Arial","sans-serif";color:navy">CONFIDENTIALITY NOTICE: </span></b><span style="font-size:9.0pt;font-family:"Arial","sans-serif";color:navy"> This communication is intended for the sole use of the individual and entity to whom it is addressed, and may contain information that is privileged, confidential and exempt from disclosure under applicable law. If you have received this communication in error, please notify this firm immediately by collect call (425)-432-1277, or by reply to this communication.</span></p><p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"> </p></div></div></div></div><div><p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:black"> </span></p></div><div><p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:black"> </span></p></div><div class="MsoNormal" align="center" style="text-align:center"><hr size="2" width="98%" align="center"></div><div id="divRplyFwdMsg"><p class="MsoNormal"><b><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:black">From:</span></b><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:black"> <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>> on behalf of Brent Williams-Ruth <<a href="mailto:brent@williams-ruthlaw.com">brent@williams-ruthlaw.com</a>><br><b>Sent:</b> Monday, June 26, 2023 5:06 PM<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] BECU and Creditor Claim</span> </p><div><p class="MsoNormal"> </p></div></div><div><div><div><p class="MsoNormal"><span style="font-family:"Arial","sans-serif"">A funny thing happened on the way to the forum today......</span></p></div><div><p class="MsoNormal"><span style="font-family:"Arial","sans-serif""> </span></p></div><div><p class="MsoNormal"><span style="font-family:"Arial","sans-serif"">I got a letter from BECU after sending them a known creditor notice for my mother's estate. Rather than filing a creditor claim, they send me a document stating that I need to send them my letters testamentary and a photocopy of the death certificate. </span></p></div><div><p class="MsoNormal"><span style="font-family:"Arial","sans-serif""> </span></p></div><div><p class="MsoNormal"><span style="font-family:"Arial","sans-serif"">Has there been some change to the creditor statute? Have I fallen and hit my head?</span></p></div><div><p class="MsoNormal"><span style="font-family:"Arial","sans-serif""> </span></p></div><div><p class="MsoNormal"><span style="font-family:"Arial","sans-serif"">I cannot recall the total number of creditor's claims filed by BECU in the past - so I am curious as to whether anyone else has received notices like this. It seems strange that they would elect to send this - noncompliant communication - over actually just sending the creditor's claim. </span></p></div><div><div><div><div><p><b>Brent Williams-Ruth</b> (pronouns: he/him)<br><i>Attorney-At-Law</i></p><p><b>Law Offices of Brent Williams-Ruth, </b><b><span style="font-size:7.5pt">a division of BWR Consulting, PLLC</span></b></p><p><b>Physical Address: 500 S 336th Street, Suite 214; Federal Way, WA 98003</b></p><p><b><span style="color:red">**EFFECTIVE IMMEDIATELY**</span> All mail sent through the USPS should be sent to the following address: PO BOX 3319; Federal Way, WA 98063 </b></p><p>Office/Scheduling Phone:<span style="color:#004080"> </span><span style="color:red">(253) 285-7751</span></p><p>Direct:<span style="color:red"> (253) 285-7453</span></p><p><a href="mailto:Brent@Williams-RuthLaw.com">e-mail</a> / <a href="http://www.williams-ruthlaw.com/">website</a> /<span style="font-size:9.5pt"> </span><a href="http://www.facebook.com/bwrlaw"><span style="font-size:9.5pt">facebook</span></a><span style="font-size:9.5pt"> / </span></p></div></div></div></div></div></div></div></body></html>