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<p class="MsoNormal">Laura,<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"> Keep in mind that a non-spouse beneficiary cannot disclaim their interest in an account as JTWROS and then receive an interest in the same asset as a beneficiary under the Will.
<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal" style="text-indent:.5in">We have done TEDRA agreements relying on this language in RCW 30A.22.090(2): “or there is clear and convincing evidence of a contrary intent at the time the account was created.” We have not reported gifts in
these cases, but have never had a case where the IRS has reviewed this outcome.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<font size="4" color="#777777"><span style="FONT-FAMILY: 'Calibri','sans-serif'"><font size="3"><font color="#000000"><o:p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Calibri','sans-serif'">
<p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Calibri','sans-serif'; MARGIN: 0in 0in 6pt"><span style="FONT-FAMILY: 'Calibri','sans-serif'">Amy Lewis,
Attorney<br>Pronouns she/her/hers<br></span><img style="HEIGHT: 68px; WIDTH: 211px" src="cid:Logo_fa335a1d-9f24-4802-a3dd-b58f259e3c98.png" width="211" height="68" border="0"><br></p></o:p></font></font></span><span style="FONT-SIZE: 11pt; FONT-FAMILY: 'Calibri','sans-serif'"><span style="COLOR: #000000"><span style="FONT-SIZE: 11pt; FONT-FAMILY: 'Calibri','sans-serif'">909 A Street, Suite
600 | Tacoma, WA 98402<br></span><span style="FONT-SIZE: 11pt; FONT-FAMILY: 'Calibri','sans-serif'"><strong style="COLOR: #000000"></strong>phone 253.572.4500 | fax 253.272.5732
|</span></span></span><span style="FONT-SIZE: 11pt; FONT-FAMILY: 'Calibri','sans-serif'"> </span><a href="http://www.eisenhowerlaw.com/"><span style="FONT-SIZE: 11pt; TEXT-DECORATION: none; FONT-FAMILY: 'Calibri','sans-serif'; COLOR: #c00000; text-underline: none">www.eisenhowerlaw.com</span></a></font>
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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>Laura Latta<br>
<b>Sent:</b> Wednesday, November 6, 2024 10:21 PM<br>
<b>To:</b> WSBA Probate & Trust Listserv <wsbapt@lists.wsbarppt.com><br>
<b>Subject:</b> [WSBAPT] Disclaimer of Funds in a Joint Bank Account with Rights of Survivorship<o:p></o:p></p>
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<p class="MsoNormal"><o:p> </o:p></p>
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<p class="MsoNormal">Listmates,<o:p></o:p></p>
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<p class="MsoNormal"><o:p> </o:p></p>
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<p class="MsoNormal">In a joint account with rights of survivorship (where the parties are not spouses) and the Decedent has contributed
<i>all</i> the assets of the account, can the surviving joint owner disclaim the assets of the account so that the assets are distributed under the Decedent's will (assuming no POD) without gift tax implications? <o:p></o:p></p>
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<p class="MsoNormal"><o:p> </o:p></p>
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<p class="MsoNormal">My reading of <a href="https://app.leg.wa.gov/rcw/default.aspx?cite=30A.22.090">
RCW 30A22.090</a> indicates that if the account only holds assets originating from the one account holder, then during the account holder's life, the other account holder does not "own" the assets. <o:p></o:p></p>
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<p class="MsoNormal"><o:p> </o:p></p>
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<p class="MsoNormal">If so, would it be accurate to say that the "transfer creating the interest" happens on the death of the decedent and a qualified disclaimer would still be available within 9 months of the decedent's death?<o:p></o:p></p>
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<p class="MsoNormal"><o:p> </o:p></p>
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<p class="MsoNormal">If a qualified disclaimer is properly executed, do the account assets then belong to the estate (assuming no POD) under
<a href="https://app.leg.wa.gov/rcw/default.aspx?cite=30A.22.100">
RCW 30A.22.100</a>?<o:p></o:p></p>
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<p class="MsoNormal"><o:p> </o:p></p>
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<p class="MsoNormal">What other solutions have you used to redistribute joint account assets where all parties agree the decedent's intent was for the account to be distributed to the will beneficiaries rather than the surviving owner? Am I right that a TEDRA
agreement would likely result in gift tax returns needing to be filed because the parties are cooperating? Or could the discrepancy between the joint account and the decedent's intent be a bona fide dispute even where the parties are working amicably to sort
it out? <o:p></o:p></p>
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<p class="MsoNormal"><o:p> </o:p></p>
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<p class="MsoNormal">All thoughts and ideas are welcome. <o:p></o:p></p>
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<p class="MsoNormal"><o:p> </o:p></p>
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<p class="MsoNormal">Warmly,<o:p></o:p></p>
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<p class="MsoNormal">Laura <o:p></o:p></p>
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<p class="MsoNormal"><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="font-family:"Georgia",serif;color:#45818E">Laura Latta<br>
Law Office of Laura Latta PLLC</span></b><o:p></o:p></p>
<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;background-image:initial;background-position:initial;background-repeat:initial">
<span style="font-family:"Georgia",serif;color:#666666">she/her</span><o:p></o:p></p>
<p style="margin:0in;line-height:13.15pt;background-image:initial;background-position:initial;background-repeat:initial">
<span style="font-family:"Georgia",serif;color:#666666">Phone (206) 841-2344</span><o:p></o:p></p>
<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;background-image:initial;background-position:initial;background-repeat:initial">
<span style="font-family:"Georgia",serif;color:#666666"><a href="http://www.LauraLatta.com" target="_blank">www.LauraLatta.com</a></span><o:p></o:p></p>
<p style="margin:0in;line-height:13.15pt;background-image:initial;background-position:initial;background-repeat:initial">
<span style="font-family:"Georgia",serif;color:#666666">4010 Lake Washington Blvd. NE Ste. 202</span><o:p></o:p></p>
<p style="margin:0in;line-height:13.15pt;background-image:initial;background-position:initial;background-repeat:initial">
<span style="font-family:"Georgia",serif;color:#666666">Kirkland, WA 98033</span><o:p></o:p></p>
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