[WSBARP] Probate Funds - Estate Account - Treasury Bonds?
Neli Espe, J.D. - Olympic Legal
neli at olympiclegal.com
Tue Dec 19 13:51:28 PST 2023
Dear Listmates,
Probate estate account have close to 900K. We are trying to open additional estate accounts (with a lot of push back from local banks) to reduce the amount in each account to FDIC insured limit.
Estate may need to be open for another 6-12 months. Beneficiaries are foreign nationals and do not want interim distributions.
The idea of estate obtaining a treasury bond has been floated, but I have little faith in such a course of action.
Any ideas about how one can better handle the situation in the current banking/inflationary climate?
Happy holidays, Neli
___________________________________
Neli Espe, J.D., Olympic Legal
360.630.3635
2114 Commercial Ave., Anacortes
olympiclegal.com<http://olympiclegal.com/>
Estate & Business Planning
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