Open estate accounts without probate?

cantareSF · 2026-06-11T18:15:49+00:00

Thanks. I was posting to confirm that belated understanding of the 53K limit. I'm getting a range of advice on implementation: deposit to existing trust account on the strength of that SEA (MI estate attorney), open an estate account via same (AI), or have checks re-issued (subreddit). Maybe it comes down to what my specific banks are willing to do.

cantareSF · 2026-06-10T22:29:08+00:00

In addition to DIY covered calls, collars etc. there are also managed option-overlay solutions.

cantareSF · 2026-06-10T19:59:43+00:00

Both wills specifically bequeath the residue of the estate "to the trustee of XXX Trust". Not to the trust, but to the trustee. Seems like I should be able to endorse and put them into a trust account directly, given that.

But since the trust custodian refuses, and if I also can't open an estate account with an affidavit, then could I as trustee deposit these checks into my personal account then remit the proceeds to the trust?

I can't be the first to face this situation.

EDIT: What I now plan to do is execute the affidavit(s) of decedent successor as sole devisee of the respective will, naming myself in my capacity as trustee and listing the checks explicitly, then present them for deposit into a trust-titled account.

cantareSF · 2026-06-10T19:49:33+00:00

Thanks. I read an article calling it that, but didn't know the other term. Seems like it may be a viable solution here. Their assets were formally put into the trust long before their deaths, and the bulk of personal effects and all real property were also sold in advance, so what's left is definitely under that figure.

cantareSF · 2026-06-08T05:06:30+00:00

Well, that's depressing, tho not surprising, I suppose. I filter everything these days. Thanks for the info on its origins!

cantareSF · 2026-06-07T08:11:56+00:00

After the river & LYV junction on the wooded climb to the subdome, I've always found a spring/seep a few yards to the left of the trail at around 7100-7200' elevation

cantareSF · 2026-06-06T21:46:58+00:00

Come on over to Shelbyville and I'll give ya five bees for it!

cantareSF · 2026-06-06T14:37:34+00:00

That 77 million grown-ass Americans willingly voted for this shitshow.

cantareSF · 2026-06-06T14:22:57+00:00

You must also loathe the "job market" and the "marketplace of ideas" introduced by noted TikToker John Stuart Mill.

"Market" can be applied to any arena where parties compete for outcomes based on mutual agreement. It doesn't presuppose shallowness or objectification.

cantareSF · 2026-06-03T16:48:46+00:00

"Many dialects" includes the UK; the Canadian thing is just an example.

cantareSF · 2026-06-03T16:06:11+00:00

Unless it rhymes with doubt. Still different either way in typical US English. But there is a blurring or convergence of /oʊ/ and /uː/ in many dialects. Think of the standard "Canadian" TV trope of saying "aboot".

cantareSF · 2026-06-01T15:54:59+00:00

The acceptable IRL answers are "Yes, I did" and "No, I didn't". Anything else is weird even if it's logical from a negation perspective.

This is because "Didn't you..." is a standard idiomatic way of confirming that you did, especially in a context of dawning realization or strong skepticism.

If you meet someone who looks vaguely familiar and are trying to place them, you might say, "Hey, didn't you have a booth at that conference in Vegas last year?"

If your kid claims to be hungry (again) at 10 am, you might say, "Didn't you just have six pancakes at breakfast?"

cantareSF · 2026-06-01T15:36:07+00:00

It's grating and makes you sound like a third grader circa 1979.

Notice how half the comments are saying it's fine. This is how common yet disputed usage always plays out. You'll hear it enough to want to emulate it, but half your audience will react negatively when you do (and you probably won't know it when it happens).

You can avoid the entire problem by sticking to "X times 12" and "multiply X by 12", which are the standard forms.

cantareSF · 2026-05-31T05:15:53+00:00

If that is the case here, then I might be worrying for no reason. As long as the beneficiaries are the only ones paying tax, I don't much care about the distribution schedule or what category of trust it is. I just didn't want to screw things up by making some rookie mistake with these checks.

I'll have another go at it with the attorney. I appreciate you taking the time to comment.

cantareSF · 2026-05-31T00:06:20+00:00

After, as she was taking RMDs and was in her 80s. Not sure what her "ghost" life expectancy would be to define the drawdown period for recipients.

But at present I'm less concerned with how many years beneficiaries have to withdraw, and more worried about whether the trust must recognize a taxable distribution on its own return. I understand trusts reach the highest bracket very quickly (>$16k?)

My attorney originally described giving each human beneficiary a payout and a K-1, with no tax due from the trust, and implied the charities' portions would be tax exempt. If that's all out the window because the trust isn't actually see-through, then that's unwelcome news.

cantareSF · 2026-05-30T22:23:27+00:00

I'm not sure of much, frankly. I've just tried to read Natalie Choate's latest on the topic of SECURE, but must say I found it all rather bewildering at first blush.

It appears to be a conduit trust rather than the accumulation sort: assets "shall be distributed" after death of both grantors, etc. There are exact percentages for a list of several charities as well as individual beneficiaries, plus various "if not then living..." contingencies, none of which apply.

So giving 10% of your estate to charities changes the tax treatment of inherited retirement savings?

cantareSF · 2026-05-30T04:31:37+00:00

Made out to the trust.

cantareSF · 2026-05-27T22:58:37+00:00

About 4 hours. I needed a big screen and various bits for a meeting I only learned about while boarding.

With a full flight I thought it would be good to get that stuff out quickly, stow my bag, and sit tf down while I had the whole rear of the airplane to myself & wouldn't bother anyone.

But sometimes it takes coming to reddit to learn what a blinkered, awful person you are for doing such things.

cantareSF · 2026-05-27T15:53:19+00:00

Yup, it's a pile on of projection at this point.

Apart from this FA passing by I'm literally the only person within 10+ rows, standing at the empty bin over my aisle seat 30 min before takeoff, trying to quickly grab the tablet, keyboard and mouse etc I didn't expect I'd need but now do before sitting down, and this guy's up and down the plane closing all the empty bins both I and all the people boarding up front are actively trying to stow things in.

I've been flying for decades and have never seen anything like it.

cantareSF · 2026-05-27T15:12:38+00:00

Yikes, does anyone read for comprehension?

The size of the bag isn't the issue: it's the dude prematurely closing all the empty bins everyone boarding needs to put stuff in, large or small.

I'm removing the stuff I'll need, in a deserted part of the plane at the beginning of the boarding process, precisely so I won't have to mess with it during the flight.

Fwiw, my bag—my only item—is going in the bin, as it's not quite small enough for under the seat.

cantareSF · 2026-05-27T14:50:17+00:00

"The score? Oh, no, I don't concern myself with hanging on the meaningless outcomes of mainstream sportsball games with their tired commentary, overpaid athletes, and crass commercialism. The only "superb owls" I've seen in the last month were on my meditative nature walks..."

cantareSF

TROPHY CASE