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Thank you!!!
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On 05/08/2025 11:33 AM PDT Inge Fordham <inge@fordhamlegal.com> wrote:
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<p class="MsoNormal"><span style="font-family: 'Aptos',sans-serif;">Same. The question you need to ask is: “What does the investment account require for distribution?” Administrator should be able to call and find out.</span></p>
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<p class="MsoNormal" style="margin-bottom: 3.0pt;"><strong><span style="font-size: 13.0pt; font-family: 'Cambria',serif; color: #203864;">Inge A. Fordham | Attorney</span></strong></p>
<p class="MsoNormal" style="margin-bottom: 3.0pt;"><span style="font-size: 12.0pt; font-family: 'Cambria',serif; color: black;">Fordham Law, PLLC</span></p>
<p class="MsoNormal" style="margin-bottom: 3.0pt;"><span style="font-size: 12.0pt; font-family: 'Cambria',serif; color: black;">3218 Sixth Avenue | Tacoma, WA 98406</span></p>
<p class="MsoNormal" style="margin-bottom: 3.0pt;"><span style="font-size: 12.0pt; font-family: 'Cambria',serif; color: black;">Office: (253) 348-2657 | </span><span style="font-family: 'Cambria',serif; color: black;">Fax: (253) 276-0280</span></p>
<p class="MsoNormal" style="margin-bottom: 3.0pt;"><span style="font-size: 12.0pt; font-family: 'Cambria',serif; color: black;"><a href="http://www.fordhamlegal.com">www.fordhamlegal.com</a></span></p></td>
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<p class="MsoNormal"><strong><span style="font-size: 8.0pt; font-family: 'Cambria',serif; color: #7d888e;">Confidential Communication:</span></strong><span style="font-size: 8.0pt; font-family: 'Cambria',serif; color: #7d888e;"> This email is sent to a recipient on behalf of an attorney/law firm, and is information intended exclusively for the individual, entity or company to which it is sent. This communication may contain proprietary, privileged or confidential information or may otherwise be legally exempt from disclosure other than to the intended recipient. If you are not the named addressee, you are not authorized to read, print, retain, copy or otherwise disseminate this message or any part of it. If you have received this email in error, please notify the sender immediately by email or other communication and delete all copies of the message.</span></p>
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<p class="MsoNormal" style="margin-bottom: 12.0pt;"><strong><span style="font-size: 12.0pt; font-family: 'Aptos',sans-serif; color: black;">From: </span></strong><span style="font-size: 12.0pt; font-family: 'Aptos',sans-serif; color: black;">wsbapt-bounces@lists.wsbarppt.com <wsbapt-bounces@lists.wsbarppt.com> on behalf of Marcus Fry <MFry@hawleytroxell.com><br><strong>Date: </strong>Thursday, May 8, 2025 at 10:53</span><span style="font-size: 12.0pt; font-family: 'Arial',sans-serif; color: black;"> </span><span style="font-size: 12.0pt; font-family: 'Aptos',sans-serif; color: black;">AM<br><strong>To: </strong>WSBA Probate & Trust Listserv <WSBAPT@lists.wsbarppt.com><br><strong>Subject: </strong>Re: [WSBAPT] Another Estate Bank Account Question</span></p>
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<p class="MsoNormal">Depends on the financial institution. You may be able to get a PR appointed and obtain an EIN and the financial institution may distribute checks at the direction of the PR, which could be to your trust account for future distributions, without requiring anything further. On the other hand, some institutions require that the funds/investments be transferred to an estate account first prior to disbursement.</p>
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<p class="MsoNormal">Seen it both ways.</p>
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<p class="MsoNormal">-Marcus</p>
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<p class="MsoNormal"><strong>From:</strong> wsbapt-bounces@lists.wsbarppt.com <wsbapt-bounces@lists.wsbarppt.com> <strong>On Behalf Of </strong>Jordan Kostelyk<br><strong>Sent:</strong> Thursday, May 8, 2025 10:50 AM<br><strong>To:</strong> WSBAPT@lists.wsbarppt.com<br><strong>Subject:</strong> [WSBAPT] Another Estate Bank Account Question</p>
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<p class="MsoNormal">If an Administrator is the only heir, the decedent died approx 3 years ago, and there are no known creditors, and the only asset is an investment account (worth around $144K), must the administrator open an estate account under law? If not under law, what are the important reasons to open an estate bank account in this scenario? </p>
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<p class="MsoNormal">I think that, even if everything checked out above and it was okay, a check made payable to an estate would not be able to even be deposited in a personal account, but I'd like to know more about people's experience with this.</p>
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<p class="MsoNormal">Thank you,</p>
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<p class="MsoNormal">Jordan</p>
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(<em>Ms.</em>) Jordan D. Kostelyk, Esq.
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<strong><u>Tel:</u></strong> 425-244-5196
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<strong><u>Email:</u></strong> <a href="mailto:jordankostelykatlaw@gmail.com">jordan@everlastinglegalsolutions.com</a>
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<strong><u>Website:</u> </strong><span style="color: #222222;"><a href="https://everlastinglegalsolutions.com/">https://everlastinglegalsolutions.com/</a> </span>
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