[WSBARP] Estate accounts exceeding FDIC/FSLIC insurance limits

Sat Jan 7 18:31:34 PST 2017

The estate should buy CDARs.  They are insured to the amount of the
account.  They are particularly useful for association reserve accounts
that exceed $250,000.

Jim Strichartz

Attorney

Fellow, College of Community Association Lawyers

Law Offices of James L. Strichartz

201 Queen Anne Avenue North, Suite 400

Seattle, WA 98109-4824

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From: wsbarp-bounces at lists.wsbarppt.com
[mailto:wsbarp-bounces at lists.wsbarppt.com] On Behalf Of Coke Roth
Sent: Saturday, January 07, 2017 12:16 PM
To: wsbarp at lists.wsbarppt.com
Subject: [WSBARP] Estate accounts exceeding FDIC/FSLIC insurance limits

Oh, Learned Ones...

So, any consensus or brilliant ideas of what you do with an estate
account that exceeds the FDIC, et al, insurance limits of
$250,000....now approaching $4 Mil with a couple more Mil coming in from
the sale of some real property? While the PR has it in a reputable bank,
and in theory the Feds are camping on the doorstep of the shaky ones,
there is still the possibility of a multi-million dollar breach of duty
here....thanks in advance and stay warm! 

Brother Coke

Albert Coke Roth, III, Esq.         

        Attorney and Counselor                                    Phone:
509-783-0220              8836 W. Gage Blvd. #204A

      Licensed to Practice Law in                                 Fax:
509-783-0411                            Kennewick, WA  99336

        Washington and Oregon                                   Mobile:
509-521-3432                     

      WSBA 22948 - OSBA 22378
coke at cokerothlaw.com <mailto:coke at cokerothlaw.com> 

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