[WSBARP] Testamentary Trust

[Tom Westbrook]

Hello Timothy,



Having had to represent children that ended up in a parent impose cabin
trust a few times over the years, I have come to the conclusion that the
parents need to talk to their children and find out if they are on board
with the arrangement. Too often the parents have hope of the cabin being
what anchors the family together while the children just see it as an
anchor they want to get off their necks and prefer to have their individual
stuff and not have to share with their siblings. Good luck.



Sincerely,



Tom



Thomas J. Westbrook

Attorney at Law



324 West Bay Drive NW, Suite 201

Olympia, WA 98502

(360) 866-4000 phone

(360) 866--3832 fax

www.buddbaylaw.com



COVID POLICY:

*Our firm continues to follow guidance from the CDC and Governor Inslee’s
office regarding social distancing and the wearing of face coverings, and
we encourage the public and our clients to do the same.  Our staff is still
working remotely much of the time so electronic communication by phone and
email continues to be encouraged.  We appreciate your patience and
understanding.*







*From:* wsbarp-bounces at lists.wsbarppt.com <wsbarp-bounces at lists.wsbarppt.com>
*On Behalf Of *Timothy Lehr
*Sent:* Thursday, March 02, 2023 2:39 PM
*To:* wsbarp at lists.wsbarppt.com
*Subject:* [WSBARP] Testamentary Trust



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





p:   360.855.0131

e:   timothy at stileslaw.com

w:  www.stileslaw.com



*NOTICE*: The information contained in this email is proprietary and/or
confidential and may be privileged. If you are not the intended recipient
of this communication, you are hereby notified to : (i) delete the email
and all copies; (ii) not disclose, distribute or use the email in any
manner; (iii) notify the sender immediately. Thank you.
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://mailman.fsr.com/pipermail/wsbarp/attachments/20230303/b39e87a7/attachment.html>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: image002.jpg
Type: image/jpeg
Size: 3334 bytes
Desc: not available
URL: <http://mailman.fsr.com/pipermail/wsbarp/attachments/20230303/b39e87a7/image002.jpg>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: image003.jpg
Type: image/jpeg
Size: 5093 bytes
Desc: not available
URL: <http://mailman.fsr.com/pipermail/wsbarp/attachments/20230303/b39e87a7/image003.jpg>