[WSBARP] nontestamentary post-death stream of payments
Nick Bergh
nick at gnbergh.com
Wed Aug 10 15:54:54 PDT 2016
An annuity?
________________________
Nick Bergh
Law Office of G N Bergh
2006 South Post Street
Spokane WA 99203-2049
ph 509-624-4295 | fx 509-344-1844
<mailto:nick at gnbergh.com> nick at gnbergh.com
<http://www.gnbergh.com/> www.gnbergh.com
From: wsbarp-bounces at lists.wsbarppt.com
[mailto:wsbarp-bounces at lists.wsbarppt.com] On Behalf Of Rod Harmon
Sent: Wednesday, August 10, 2016 3:44 PM
To: 'WSBA Real Property Listserv'
Subject: [WSBARP] nontestamentary post-death stream of payments
Client wants to give $100,000 to a handicapped friend in the form of
$1000/month payments. During client's lifetime, she can set up automatic
payments out of her account. But how could it be set up so the payments
continue if she should die before the $100k is gone? She doesn't have
anyone to serve as trustee. The amount is too small for a bank trust dept.
to serve. She doesn't want to put the money in a P.O.D. account because he
doesn't trust the giftee with a lump sum. Is there some nontestamentary way
to continue the stream of payments post-death?
Rod Harmon
RODNEY T. HARMON
Attorney at Law
P.O. Box 1066
Bothell, WA 98041
Tel: (425) 402-7800
Fax: (425) 458-9096
www.rodharmon.com
rodharmon at msn.com
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