[WSBARP] Testamentary Trust

[Timothy Lehr]

All,

PCs would like to set up a testamentary trust in their Wills that will be funded with a vacation cabin in WA, as well as the proceeds from PR selling a couple additional lots. The intent, is to have the trust created for the benefit of their two kids and have the vacation home in it as well as a $200k + to help initially with taxes, insurance, upkeep, etc. The kids will be co-trustees and can continue to use the vacation house or sell if they both agree. PCs just want to have that property available for the kids and funds to pay for it to ease the initial financial burden.

Does anyone have a rough template for this type of situation? I understand there is a lot to contemplate and I am beginning my research on it. But I was hoping for some direction with a template that I can spring off of. Any advice would be appreciated!

Best,

Timothy C. Lehr
Attorney & Partner

[cid:image001.jpg at 01D94D14.AD02D930]

p:   360.855.0131
e:   timothy at stileslaw.com<mailto:timothy at stileslaw.com>
w:  www.stileslaw.com<http://www.stileslaw.com/>

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