Hoping the ER Forum members can provide some enlightenment and education for us.
DFIL passed away 3/16 after 3 months in hospice with a pour-over will and Living Trust (LT)in place. What wasn't in the LT was in POD accounts (cds and checking) the pour over will took care of the odds and ends. We were led to believe in WA, unless there is over 100K in assets subject to probate, there is no probate. It is the probate court (Superior) that issues the Letter of Testamentary (LoT) which formally certifies the executors/personal representative.
Bank is refusing to establish an estate checking account without a LoT. We point out there are no assets to be probated as they are either in the LT or POD and the Successor Trustees are appointed to distribute assets from the LT and there are provisions in the LT for gifts to Grands and others and distribution of real estate per the deceased.
Has anyone else run into this and what is the easiest solution? I am suspecting we may have to have the expenses and hassle of going to Probate Ct even though there is no need.
Sure hope some Forum members knows the answer. If we do HAVE to have the LoT than so much for the much totted avoidiing probate with a LT
DFIL passed away 3/16 after 3 months in hospice with a pour-over will and Living Trust (LT)in place. What wasn't in the LT was in POD accounts (cds and checking) the pour over will took care of the odds and ends. We were led to believe in WA, unless there is over 100K in assets subject to probate, there is no probate. It is the probate court (Superior) that issues the Letter of Testamentary (LoT) which formally certifies the executors/personal representative.
Bank is refusing to establish an estate checking account without a LoT. We point out there are no assets to be probated as they are either in the LT or POD and the Successor Trustees are appointed to distribute assets from the LT and there are provisions in the LT for gifts to Grands and others and distribution of real estate per the deceased.
Has anyone else run into this and what is the easiest solution? I am suspecting we may have to have the expenses and hassle of going to Probate Ct even though there is no need.
Sure hope some Forum members knows the answer. If we do HAVE to have the LoT than so much for the much totted avoidiing probate with a LT