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Date: Fri, 27 Dec 2024 06:53:45 -0800
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From: Curtis Andrews <andrewscc@aol.com>
Subject: ready for TEDRA
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To: Andrea Maroney <amaroney@elgwa.com>
Cc: DAP AERO <craig@dapaero.com>
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Hope you had a great Christmas Andrea.


We talked to Nathaniel and Matthew during our family gathering about 
their early inheritance and we want to move forward, but with a 
different approach.

If I understand correctly, the TEDRA deals with Nathaniel  and Matthew 
releasing any interest they have in Clyde's will.    In reality;  it has 
nothing to do with Bonnie's share or her gifts.

Since Bonnie has removed Nathaniel and Matthew from her will, there is 
nothing for them to release from her share.

So technically, they are owned 1/9th of the trust, or $244k each. (or as 
the trust value changes over time).

Bonnie has enough cash to pay both boys their full share of Clyde's 
trust now.  ($250k each)  and the boys have agreed to accept that as 
their total inheritance from their grandparents.

We then deal with Bonnie's  future gift later,  which is not due or owed 
to either, and is totally optional on Bonnie's part,  and can be done 
when we have more cash on hand and we see how they do with the extra 
cash from Clyde's early inheritance.

This simplifies the issues, avoids  the Trust management costs, 
addresses Bonnie's concerns, avoids any impact to college funding  and 
we can do it now.


If this works from your perspective, we would like you to change the 
TEDRA you drafted for Matthew to:

Add both Nathaniel and Matthew

Remove any discussion of a trust

Bonnie pays their mortgage and they get the left over funds up to the 
$250k to use as the wish.

Leave in the parts of ... no further inheritance not for lack of 
affection but because...   (they will get more, but not equally and not 
at same time or conditions, but they don't need to know that).

I realize i told you differently before, but please change paragraph 3 
on page 6 to where if Craig or I die without any surviving descendants, 
our share of the trust goes into the Andrews legacy/scholarship fund.

Do we understand correctly, that Clyde's Will says that after Bonnie 
dies, Clyde's trust distributes the non- real estate assets, (the John 
Deere stock) but the four houses and farm can be held up to 20 years in 
the trust.  If so, please clarify paragraph 4 and 5 on page 2 that the 
majority of the trust is real estate and can take up to 20 years to be 
distributed.

Be sure to clarify the 1/12 or 1/9 issue in paragraph 6 page 3 as 
discussed in previous email.

Please send the tax form and anything else they will need to sign so 
they can review all the associated paperwork before their final decision.


By the way, we never did see anything on the title transferring to Mike 
Prior.


Thanks

cc


Curtis Andrews
1336 E Oak St.
Othello WA 99344
andrewscc@aol.com
509 346 8108

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    <p><font face="Times New Roman, Times, serif">Hope you had a great
        Christmas Andrea.</font></p>
    <p><font face="Times New Roman, Times, serif"><br>
      </font></p>
    <p><font face="Times New Roman, Times, serif"><br>
      </font></p>
    <p><font face="Times New Roman, Times, serif">We talked to Nathaniel
        and Matthew during our family gathering about their early
        inheritance and we want to move forward, but with a different
        approach.   <br>
      </font></p>
    <p><font face="Times New Roman, Times, serif">If I understand
        correctly, the TEDRA deals with Nathaniel  and Matthew releasing
        any interest they have in Clyde's will.    In reality;  it has
        nothing to do with Bonnie's share or her gifts.  <br>
      </font></p>
    <p><font face="Times New Roman, Times, serif">Since Bonnie has
        removed Nathaniel and Matthew from her will, there is nothing
        for them to release from her share.  <br>
      </font></p>
    <p><font face="Times New Roman, Times, serif">So technically, they
        are owned 1/9th of the trust, or $244k each. (or as the trust
        value changes over time).  <br>
      </font></p>
    <p><font face="Times New Roman, Times, serif">Bonnie has enough cash
        to pay both boys their full share of Clyde's trust now.  ($250k
        each)  and the boys have agreed to accept that as their total
        inheritance from their grandparents.  </font></p>
    <p><font face="Times New Roman, Times, serif">We then deal with
        Bonnie's  future gift later,  which is not due or owed to
        either, and is totally optional on Bonnie's part,  and can be
        done when we have more cash on hand and we see how they do with
        the extra cash from Clyde's early inheritance.</font></p>
    <p><font face="Times New Roman, Times, serif">This simplifies the
        issues, avoids  the Trust management costs, addresses Bonnie's
        concerns, avoids any impact to college funding  and we can do it
        now.</font></p>
    <p><font face="Times New Roman, Times, serif"> <br>
      </font></p>
    <p><font face="Times New Roman, Times, serif"><br>
      </font></p>
    <p><font face="Times New Roman, Times, serif">If this works from
        your perspective, we would like you to change the TEDRA you
        drafted for Matthew to:</font></p>
    <p><font face="Times New Roman, Times, serif">Add both Nathaniel and
        Matthew</font></p>
    <p><font face="Times New Roman, Times, serif">Remove any discussion
        of a trust</font></p>
    <p><font face="Times New Roman, Times, serif">Bonnie pays their
        mortgage and they get the left over funds up to the $250k to use
        as the wish. </font></p>
    <p><font face="Times New Roman, Times, serif">Leave in the parts of
        ... no further inheritance not for lack of affection but
        because...   (they will get more, but not equally and not at
        same time or conditions, but they don't need to know that). <br>
      </font></p>
    <p><font face="Times New Roman, Times, serif">I realize i told you
        differently before, but please change paragraph 3 on page 6 to
        where if Craig or I die without any surviving descendants, our
        share of the trust goes into the Andrews legacy/scholarship
        fund.  <br>
      </font></p>
    <p><font face="Times New Roman, Times, serif">Do we understand
        correctly, that Clyde's Will says that after Bonnie dies,
        Clyde's trust distributes the non- real estate assets, (the John
        Deere stock) but the four houses and farm can be held up to 20
        years in the trust.  If so, please clarify paragraph 4 and 5 on
        page 2 that the majority of the trust is real estate and can
        take up to 20 years to be distributed.  <br>
      </font></p>
    <p><font face="Times New Roman, Times, serif">Be sure to clarify the
        1/12 or 1/9 issue in paragraph 6 page 3 as discussed in previous
        email.<br>
      </font></p>
    <p><font face="Times New Roman, Times, serif">Please send the tax
        form and anything else they will need to sign so they can review
        all the associated paperwork before their final decision.  <br>
      </font></p>
    <p><br>
    </p>
    <p><font face="Times New Roman, Times, serif">By the way, we never
        did see anything on the title transferring to Mike Prior.   <br>
      </font></p>
    <p><font face="Times New Roman, Times, serif"><br>
      </font></p>
    <p><font face="Times New Roman, Times, serif">Thanks <br>
      </font></p>
    <p><font face="Times New Roman, Times, serif">cc<br>
      </font></p>
    <p><font face="Times New Roman, Times, serif">  <br>
      </font></p>
    <p><font face="Times New Roman, Times, serif">  <br>
      </font></p>
    <pre class="moz-signature" cols="72">
Curtis Andrews
1336 E Oak St. 
Othello WA 99344
<a class="moz-txt-link-abbreviated moz-txt-link-freetext"
    href="mailto:andrewscc@aol.com">andrewscc@aol.com</a>
509 346 8108</pre>
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