[WSBARP] nontestamentary post-death stream of payments

[Jeanne Dawes]

If done is disabled, will this gift have the effect of disqualifying him/her from public benefits she may be receiving?

Client may need to create a SNT.  You may be able to find a CPG who would agree to be trustee.  In Spokane, there are a number of small CPG services who also will serve as Trustee for small corpus Trusts.

Jeanne

Jeanne J. Dawes
Attorney at Law
Gore & Grewe, P.S.
103 E. Indiana Avenue, Suite A
Spokane, WA 99207-2317
Voice:  509-326-7500
Fax:      509-326-7503
jjdawes at goregrewe.com<mailto:jjdawes at goregrewe.com>
INFORMATION CONTAINED IN THIS E-MAIL TRANSMISSION IS PRIVILEGED AND CONFIDENTIAL.

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' <wsbarp at lists.wsbarppt.com>
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<http://www.rodharmon.com>
   rodharmon at msn.com<mailto:rodharmon at msn.com>


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