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<p class="MsoNormal">Check with Umpqua bank and wash. Trust bank. I believe both have accounts with higher FDIC insurance availability, I know Umpqua does, not sure about WTB.<o:p></o:p></p>
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<p class="MsoNormal"><b>From:</b> wsbarp-bounces@lists.wsbarppt.com <wsbarp-bounces@lists.wsbarppt.com>
<b>On Behalf Of </b>Neli Espe, J.D. - Olympic Legal<br>
<b>Sent:</b> Tuesday, December 19, 2023 3:51 PM<br>
<b>To:</b> WSBA Real Property Listserv <wsbarp@lists.wsbarppt.com><br>
<b>Subject:</b> [WSBARP] Probate Funds - Estate Account - Treasury Bonds?<o:p></o:p></p>
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<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Dear Listmates, <o:p></o:p></p>
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<p class="MsoNormal">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.<o:p></o:p></p>
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<p class="MsoNormal"><o:p> </o:p></p>
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<p class="MsoNormal">Estate may need to be open for another 6-12 months. Beneficiaries are foreign nationals and do not want interim distributions.<o:p></o:p></p>
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<p class="MsoNormal"><o:p> </o:p></p>
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<p class="MsoNormal">The idea of estate obtaining a treasury bond has been floated, but I have little faith in such a course of action. <o:p></o:p></p>
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<p class="MsoNormal"><o:p> </o:p></p>
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<p class="MsoNormal">Any ideas about how one can better handle the situation in the current banking/inflationary climate?<o:p></o:p></p>
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<p class="MsoNormal">Happy holidays, Neli<o:p></o:p></p>
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<p class="MsoNormal"><span style="font-size:9.0pt;font-family:"Optima-Regular",serif;color:#5BD2E6">___________________________________</span><span style="font-family:"Optima-Regular",serif"><o:p></o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:9.0pt;font-family:"Optima-Regular",serif;color:#1B40AF"> Neli Espe, J.D., Olympic Legal </span></b><span style="font-size:9.0pt;font-family:"Optima-Regular",serif"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:9.0pt;font-family:"Eurostile",serif;color:#133FE9"> </span><span style="font-size:9.0pt;font-family:"Eurostile",serif;color:#003649"> </span><span style="font-size:9.0pt;font-family:"Optima-Regular",serif;color:#003649"> 360.630.3635</span><span style="font-family:"Optima-Regular",serif"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:9.0pt;font-family:"Optima-Regular",serif;color:#003649">2114 Commercial Ave., Anacortes</span><span style="font-family:"Optima-Regular",serif"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:9.0pt;font-family:"Optima-Regular",serif;color:#133FE9"> <a href="http://olympiclegal.com/">olympiclegal.com</a></span><span style="font-family:"Optima-Regular",serif"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:9.0pt;font-family:"Optima-Regular",serif;color:#1B40AF"> Estate & Business Planning </span><span style="font-family:"Optima-Regular",serif"><o:p></o:p></span></p>
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