<div dir="ltr"><div class="gmail_default" style="font-family:arial,sans-serif">Is there an Estate opened for the Husband? If so, maybe a simple agreed TEDRA that says that they get $100k from the Husband's estate now - that way it would be tax free inheritance. Then absolutely have the Wife re-draft her Will with the specific statement that they had been provided for previously but due to early pay out they are not to take anything further. </div><div class="gmail_default" style="font-family:arial,sans-serif"><br></div><div class="gmail_default" style="font-family:arial,sans-serif">Without knowing the totality of funds of the Estate, I just don't want the Wife to give up any of her lifetime gifting limits if there is a way that the funds could come from the Husband's estate. Again, making assumptions as to what his estate value was. </div><div class="gmail_default" style="font-family:arial,sans-serif"><br></div><div class="gmail_default" style="font-family:arial,sans-serif">Good luck! I think that this is a great time for speciality drafting and finding a unique solution to issue if everyone is able to agree. </div><div><div dir="ltr" class="gmail_signature" data-smartmail="gmail_signature"><div dir="ltr"><div dir="ltr"><p><b><span style="font-family:"Times New Roman",serif">Brent
Williams-Ruth</span></b><span style="font-family:"Times New Roman",serif"> (pronouns: he/him)<br>
<i>Attorney-At-Law</i></span></p><p><b><span style="font-family:"Times New Roman",serif">Law
Offices of Brent Williams-Ruth, </span></b><b><span style="font-family:"Times New Roman",serif"><font size="1">a division of BWR Consulting, PLLC</font></span></b><b><span style="font-family:"Times New Roman",serif"></span></b></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><span style="font-family:"Times New Roman",serif"></span></p><p><b><span style="font-family:"Times New Roman",serif"><font color="#ff0000">**EFFECTIVE IMMEDIATELY**</font> All mail sent through the USPS should be sent to the following address: </span></b><b><span style="font-family:"Times New Roman",serif">PO BOX 3319; Federal Way, WA 98063 </span></b></p><p><span style="font-family:"Times New Roman",serif">Office/Scheduling
Phone:<span style="color:#004080"> </span><font color="#ff0000">(253) 285-7751</font></span></p><p><span style="font-family:"Times New Roman",serif">Direct:<font color="#ff0000"> (253) 285-7453</font></span></p><p>
</p><p><span style="font-family:"Times New Roman",serif"><a href="mailto:Brent@Williams-RuthLaw.com" target="_blank">e-mail</a> / <a href="http://www.williams-ruthlaw.com/" target="_blank">website</a> /</span><span style="font-size:9.5pt;font-family:"Times New Roman",serif"> </span><span style="font-family:"Times New Roman",serif"><a href="http://www.facebook.com/bwrlaw" target="_blank"><span style="font-size:9.5pt">facebook</span></a></span><span style="font-size:9.5pt;font-family:"Times New Roman",serif"> / </span><span style="font-size:12.0pt;font-family:"Times New Roman",serif"></span></p></div></div></div></div><br></div><br><div class="gmail_quote"><div dir="ltr" class="gmail_attr">On Thu, Oct 5, 2023 at 2:31 PM Dalynne Singleton <<a href="mailto:dalynne@glgmail.com">dalynne@glgmail.com</a>> wrote:<br></div><blockquote class="gmail_quote" style="margin:0px 0px 0px 0.8ex;border-left:1px solid rgb(204,204,204);padding-left:1ex"><div class="msg-5776026025862209511">
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<p class="MsoNormal"><span style="font-size:14pt;font-family:"Book Antiqua",serif">I’m thinking a little differently. If the wife wants to provide those monies now, then she should re-draft her Will and indicate the sons get nothing as they have been paid
$100k.<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:14pt;font-family:"Book Antiqua",serif">Then, the sons sign a receipt for the gift of $100k each to the wife. Not sure if there would gift tax to benefit wife but you can check with CPA on that.<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:14pt;font-family:"Book Antiqua",serif"><u></u> <u></u></span></p>
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<p class="MsoNormal"><b><i><span style="font-size:14pt;font-family:"Book Antiqua",serif">Dalynne Singleton</span></i></b><b><span style="font-size:14pt;font-family:"Book Antiqua",serif"><u></u><u></u></span></b></p>
<p class="MsoNormal"><b><span style="font-size:14pt;font-family:"Book Antiqua",serif">Gourley Law Group<u></u><u></u></span></b></p>
<p class="MsoNormal"><b><span style="font-size:14pt;font-family:"Book Antiqua",serif">Snohomish Escrow<u></u><u></u></span></b></p>
<p class="MsoNormal"><b><span style="font-size:14pt;font-family:"Book Antiqua",serif">The Exchange Connection<u></u><u></u></span></b></p>
<p class="MsoNormal"><b><span style="font-size:14pt;font-family:"Book Antiqua",serif">1002 10<sup>th</sup> Street / PO Box 1091<u></u><u></u></span></b></p>
<p class="MsoNormal"><b><span style="font-size:14pt;font-family:"Book Antiqua",serif">Snohomish, WA 98291<u></u><u></u></span></b></p>
<p class="MsoNormal"><b><span style="font-size:14pt;font-family:"Book Antiqua",serif">360.568.5065<u></u><u></u></span></b></p>
<p class="MsoNormal"><b><span style="font-size:14pt;font-family:"Book Antiqua",serif">360.568.8092 fax<u></u><u></u></span></b></p>
<p class="MsoNormal"><span style="font-size:14pt;font-family:"Book Antiqua",serif"><a href="mailto:dalynne@glgmail.com" target="_blank"><span style="color:rgb(5,99,193)">dalynne@glgmail.com</span></a><u></u><u></u></span></p>
<p class="MsoNormal"><u><span style="font-size:14pt;font-family:"Book Antiqua",serif">Website:
</span></u><span style="font-size:14pt;font-family:"Book Antiqua",serif"><a href="http://www.glglawgroup.com/" target="_blank"><span style="color:rgb(5,99,193)">www.glglawgroup.com</span></a><u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:12pt;font-family:"Book Antiqua",serif">Attorney/client meetings will be handled by teleconference or virtually whenever possible. If you would like to set a telephone conference,
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<span style="color:rgb(5,99,193)">barb@glgmail.com</span></a>. Gourley Law Group legal assistant can be reached at
<a href="mailto:paige@glgmail.com" target="_blank"><span style="color:rgb(5,99,193)">paige@glgmail.com</span></a>.<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:12pt;font-family:"Book Antiqua",serif"><u></u> <u></u></span></p>
<p class="MsoNormal"><i><span style="font-size:12pt;font-family:"Book Antiqua",serif">LICENSED IN WASHINGTON</span></i><span style="font-size:12pt;font-family:"Book Antiqua",serif"><u></u><u></u></span></p>
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<p class="MsoNormal"><span><u></u> <u></u></span></p>
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<div style="border-right:none;border-bottom:none;border-left:none;border-top:1pt solid rgb(225,225,225);padding:3pt 0in 0in">
<p class="MsoNormal"><b>From:</b> <a href="mailto:wsbapt-bounces@lists.wsbarppt.com" target="_blank">wsbapt-bounces@lists.wsbarppt.com</a> <<a href="mailto:wsbapt-bounces@lists.wsbarppt.com" target="_blank">wsbapt-bounces@lists.wsbarppt.com</a>>
<b>On Behalf Of </b>Mark Anderson<br>
<b>Sent:</b> Thursday, October 5, 2023 1:50 PM<br>
<b>To:</b> WSBA Probate & Trust Listserv <<a href="mailto:wsbapt@lists.wsbarppt.com" target="_blank">wsbapt@lists.wsbarppt.com</a>><br>
<b>Subject:</b> [WSBAPT] Advances on Inheritance<u></u><u></u></p>
</div>
</div>
<p class="MsoNormal"><u></u> <u></u></p>
<p class="MsoNormal"><span style="font-size:10pt;font-family:Arial,sans-serif;color:rgb(0,32,96)">Dear Listmates:<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:10pt;font-family:Arial,sans-serif;color:rgb(0,32,96)"><u></u> <u></u></span></p>
<p class="MsoNormal"><span style="font-size:10pt;font-family:Arial,sans-serif;color:rgb(0,32,96)">Husband and wife executed mutual wills under which a payout of $100,000 would be made to each of the husband's two sons, but only after both husband and wife had
died. This is all the sons would be entitled to under the wills. <u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:10pt;font-family:Arial,sans-serif;color:rgb(0,32,96)"><u></u> <u></u></span></p>
<p class="MsoNormal"><span style="font-size:10pt;font-family:Arial,sans-serif;color:rgb(0,32,96)">The husband died. Husband's sons want to be paid now, rather than wait until after Wife dies. Wife (my Client) says that sufficient funds exist to do this and
is willing to make this happen.<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:10pt;font-family:Arial,sans-serif;color:rgb(0,32,96)"><u></u> <u></u></span></p>
<p class="MsoNormal"><span style="font-size:10pt;font-family:Arial,sans-serif;color:rgb(0,32,96)">My initial thought is to have my Client tender the money into my IOLTA trust account. I would then distribute the funds to the sons after having them each execute
a Receipt and a Release of the Estate and the Personal Representative (whoever that may be) for the advance. This will require some "custom" drafting of the Receipt and Release in that my Client has not yet died and so does not have a probate estate. I will
also recommend my Client that she update her existing estate planning documents to reflect the payments made and the release of any personal representative may be appointed for a probate estate.<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:10pt;font-family:Arial,sans-serif;color:rgb(0,32,96)"><u></u> <u></u></span></p>
<p class="MsoNormal"><span style="font-size:10pt;font-family:Arial,sans-serif;color:rgb(0,32,96)">I have got some questions about this.<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:10pt;font-family:Arial,sans-serif;color:rgb(0,32,96)"><u></u> <u></u></span></p>
<ol style="margin-top:0in" start="1" type="1">
<li class="m_-5776026025862209511MsoListParagraph" style="color:rgb(0,32,96);margin-left:0in">
<span style="font-size:10pt;font-family:Arial,sans-serif">Is this the best way to handle this advance?<u></u><u></u></span></li><li class="m_-5776026025862209511MsoListParagraph" style="color:rgb(0,32,96);margin-left:0in">
<span style="font-size:10pt;font-family:Arial,sans-serif">What are the tax impacts, if any, for the Client?<u></u><u></u></span></li><li class="m_-5776026025862209511MsoListParagraph" style="color:rgb(0,32,96);margin-left:0in">
<span style="font-size:10pt;font-family:Arial,sans-serif">What are the tax impacts, if any, for the recipients? (Just curious, in case they may want to reconsider their request to be paid now)<u></u><u></u></span></li><li class="m_-5776026025862209511MsoListParagraph" style="color:rgb(0,32,96);margin-left:0in">
<span style="font-size:10pt;font-family:Arial,sans-serif">Are there any other considerations in which I should be aware in dealing with this situation?<u></u><u></u></span></li></ol>
<p class="MsoNormal"><span style="font-size:10pt;font-family:Arial,sans-serif;color:rgb(0,32,96)"><u></u> <u></u></span></p>
<p class="MsoNormal"><span style="font-size:10pt;font-family:Arial,sans-serif;color:rgb(0,32,96)">In advance, thanks for your input on this.<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:10pt;font-family:Arial,sans-serif;color:rgb(0,32,96)"><u></u> <u></u></span></p>
<div>
<p class="MsoNormal" style="margin-bottom:12pt"><b><span style="font-size:10pt;font-family:Arial,sans-serif;color:rgb(34,42,53)">Mark B. Anderson<br>
</span></b><span style="font-size:10pt;font-family:Arial,sans-serif;color:rgb(34,42,53)">ANDERSON LAW FIRM PLLC<br>
821 Dock St Ste 209 PMB 4-12<br>
Tacoma, Washington 98402<br>
+1 253-327-1750<br>
+1 253-327-1751 (fax)<br>
<a href="mailto:marka@mbaesq.com" target="_blank"><span style="color:blue">marka@mbaesq.com</span></a><br>
<a href="http://www.mbaesq.com/" target="_blank"><span style="color:blue">www.mbaesq.com</span></a><b><u></u><u></u></b></span></p>
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