Return-Path: Delivered-To: craig@dapaero.com Received: from gator4254.hostgator.com by gator4254.hostgator.com with LMTP id YIxbKzU4V2c7ywUAcizydQ (envelope-from ) for ; Mon, 09 Dec 2024 12:34:29 -0600 Return-path: Envelope-to: craig@dapaero.com Delivery-date: Mon, 09 Dec 2024 12:34:29 -0600 Received: from mxdcmv06.wellsfargo.com ([159.45.16.120]:30304) by gator4254.hostgator.com with esmtps (TLS1.2) tls TLS_ECDHE_RSA_WITH_AES_256_GCM_SHA384 (Exim 4.96.2) (envelope-from ) id 1tKiaT-001cyp-09 for craig@dapaero.com; Mon, 09 Dec 2024 12:34:29 -0600 Received: from mxicmsi01.wellsfargo.com (mxicmsi01.wellsfargo.com [162.103.23.200]) by mxdcmv06.wellsfargo.com (Sentrion-MTA-4.5.7/Sentrion-MTA-4.5.7) with ESMTP id 4B9IYHe4246783 for ; Mon, 9 Dec 2024 18:34:18 GMT DKIM-Signature: v=1; a=rsa-sha256; c=relaxed/relaxed; d=wellsfargoadvisors.com; s=2024-02-wfb; t=1733769258; bh=UfvGBwwpiZ751kysoSbse+5LOLZjIJBCCkS2WBLPQbw=; h=From:To:CC:Subject:Date:References:In-Reply-To; b=IH+/nSbrE0A/DdbKefq+3KUG6CRzv83aj3XI8uESovmHU9lV9QvuimNYpqN4qeyZn e8SmckaT55TGWPZoUG27KkGNuZHMdbECGOSjrGHCey0hgLS4lZ20AkOHUSckj8Sylg ExWjkXb/U2uG/eAF1G9qeQYccAsUPKTlqFvYpW//cTOq7beD0cmkWZ0vk87i3AxxU+ yMptVAuFaatSbHKBg0J1kS9VGr4Y9zVmS4YBbLfKO59CWu5jB/nydtIDbG0vMKH2q+ AC9+lsryynEFx3DTtXuWRyjBXBeGg+HOJz4hckMEr/D3/fvr1dhBaSnGbRYe4SnbZU JKCgHInFsqyhw== Received: from mxeppv02.wellsfargo.com (dlp-epvva3568.wellsfargo.com [162.101.246.220]) by mxicmsi01.wellsfargo.com (Sentrion-MTA-4.5.7/Sentrion-MTA-4.5.7) with ESMTP id 4B9IYH0K035978 for ; Mon, 9 Dec 2024 18:34:17 GMT Received: from pps.filterd (mxeppv02.wellsfargo.com [127.0.0.1]) by mxeppv02.wellsfargo.com (8.18.1.2/8.18.1.2) with ESMTP id 4B99sows015799 for ; Mon, 9 Dec 2024 18:34:17 GMT Received: from mxicmsi02.wellsfargo.com (mxicmsi02.wellsfargo.com [162.103.23.201]) by mxeppv02.wellsfargo.com (PPS) with ESMTP id 43ccbecdme-1 for ; Mon, 09 Dec 2024 18:34:16 +0000 Received: from msgexoxmd5306.ent.wfb.bank.corp (msgexoxmd5306.wellsfargo.com [10.55.103.239]) by mxicmsi02.wellsfargo.com (Sentrion-MTA-4.5.7/Sentrion-MTA-4.5.7) with ESMTP id 4B9IYFYW268230 for ; Mon, 9 Dec 2024 18:34:16 GMT Received: from msgexoxmd5302.ent.wfb.bank.corp (10.55.103.235) by msgexoxmd5306.ent.wfb.bank.corp (10.55.103.239) with Microsoft SMTP Server (version=TLS1_2, cipher=TLS_ECDHE_RSA_WITH_AES_256_GCM_SHA384) id 15.2.1544.11; Mon, 9 Dec 2024 13:34:15 -0500 Received: from msgexoxmd5302.ent.wfb.bank.corp ([fe80::62fd:3de8:390:d473]) by msgexoxmd5302.ent.wfb.bank.corp ([fe80::62fd:3de8:390:d473%3]) with mapi id 15.02.1544.011; Mon, 9 Dec 2024 13:34:15 -0500 From: "Hebdon, Austen" To: Curtis Andrews CC: DAP AERO Subject: RE: account names Thread-Topic: account names Thread-Index: AQHbSRKLGCaOl9Eg1EurzfvucSRrUbLeLdYw Date: Mon, 9 Dec 2024 18:34:15 +0000 Message-ID: References: In-Reply-To: Accept-Language: en-US Content-Language: en-US X-MS-Has-Attach: X-MS-TNEF-Correlator: msip_labels: MSIP_Label_1f9c9bcd-f315-4c3b-87a0-7682e230e7e4_ActionId=ad83765e-ec6b-46da-a21b-f7d06f25c882;MSIP_Label_1f9c9bcd-f315-4c3b-87a0-7682e230e7e4_ContentBits=0;MSIP_Label_1f9c9bcd-f315-4c3b-87a0-7682e230e7e4_Enabled=true;MSIP_Label_1f9c9bcd-f315-4c3b-87a0-7682e230e7e4_Method=Standard;MSIP_Label_1f9c9bcd-f315-4c3b-87a0-7682e230e7e4_Name=Internal Use;MSIP_Label_1f9c9bcd-f315-4c3b-87a0-7682e230e7e4_SetDate=2024-12-09T17:30:07Z;MSIP_Label_1f9c9bcd-f315-4c3b-87a0-7682e230e7e4_SiteId=e122af3c-4c68-4e49-9c52-4ae1e25e91ae; x-originating-ip: [162.28.72.67] Content-Type: multipart/alternative; boundary="_000_b8c0e59173f648efa1d859eb5179ffdewellsfargoadvisorscom_" MIME-Version: 1.0 X-Proofpoint-ORIG-GUID: NMzs6WdHjOFfpIJDuowOkP9hvbmNc3YX X-Proofpoint-GUID: NMzs6WdHjOFfpIJDuowOkP9hvbmNc3YX X-Proofpoint-Virus-Version: vendor=baseguard engine=ICAP:2.0.293,Aquarius:18.0.1057,Hydra:6.0.680,FMLib:17.12.68.34 definitions=2024-12-09_14,2024-12-09_04,2024-11-22_01 X-Proofpoint-Spam-Details: rule=notspam policy=default score=0 bulkscore=0 phishscore=0 adultscore=0 malwarescore=0 mlxlogscore=999 mlxscore=0 suspectscore=0 spamscore=0 classifier=spam adjust=0 reason=mlx scancount=1 engine=8.12.0-2411120000 definitions=main-2412090144 X-CFilter-Loop: Forwarded X-Spam-Status: No, score=-3.4 X-Spam-Score: -33 X-Spam-Bar: --- X-Spam-Flag: NO --_000_b8c0e59173f648efa1d859eb5179ffdewellsfargoadvisorscom_ Content-Type: text/plain; charset="utf-8" Content-Transfer-Encoding: quoted-printable Hey Curtis, No worries on the delay. I get that keeping everyone in the loop is importa= nt and with the holidays you=E2=80=99d rather talk about fun and happy thin= gs and not this haha. We will add you and Craig as successor trustees as well as trusted contact = persons. So for the Transfer on Death form we have to have a % and we can=E2=80=99t = just assign shares to go to one person. So Costco is valued at about $65k i= n the account which is 22.6% of the account and then Craig and yourself cou= ld be 38.7% of the account. As beneficiaries, all of you will get a stepped up cost basis on all the po= sitions that you inherit. So if Katelyn got her 22.6% and wanted to sell wh= atever shares she did get and buy Costco stock instead, there wouldn=E2=80= =99t be hardly any capital gains taxes to be paid on her end for selling th= e shares that she was given so that she could buy another companies stock. = If that makes sense? We can do everyone at 33.3% or Katelyn something like Katelyn at 22.6% with= Craig and Curtis at 38.7%? To answer your question on how long taking $30k from a $400k account should= last largely depends on performance. That is a 7.5% withdrawal rate. If we= average 5% on the money it should be about half way through the 21st year = that the account hits $0. If we take a 50/50 approach (50% stocks/50% bonds= ) I think pretty conservative estimates we should average that 5% if not 6-= 7%. The risk to this is getting hit with a market correction right out of t= he gate. That is enough of a timeline that we would be able to make it back. As far as costs go. I manage portfolios that I charge my clients a flat 1% = fee. I don=E2=80=99t use many mutual funds (usually only bond funds that ha= ve much lower expenses) because I like to avoid those internal expenses. Wi= th $400k that is enough money that you can get well enough diversified by o= wning individual company stock that you don=E2=80=99t need to pay internal = expenses. I believe that this leads to better performance for my clients no= t only through less fees but the portfolio typically generates higher incom= e because I look for companies that pay us dividends. To use Wells Fargo=E2= =80=99s mutual fund advisory program (fundsource) it is a flat fee of .9% a= nd the internal expenses are usually anywhere from .25-1.5% in the mutual f= unds. Mutual funds can hold 100=E2=80=99s of positions which I believe take= s you past diversification and into dilution which I also believe leads to = poor performance. Let me know what you think of these two options. I like t= o take ownership for my clients so if things ever go sideways they know who= to talk to. Let me know if you have any questions and what directions you would like to= go on the beneficiaries as well as the managed account. Thank you, Austen J. Hebdon Financial Advisor Wells Fargo Advisors l 8203 W. Quinault Ave l Kennewick, WA 99336 Tel 509-579-3437 l Fax 509-579-3427 Austen.Hebdon@wellsfargoadvisors.com From: Curtis Andrews Sent: Saturday, December 7, 2024 5:42 PM To: Hebdon, Austen Cc: DAP AERO Subject: account names Austen Sorry for the delay, I had to get everyone's approval. Can we do Tra= nsfer on Death three ways. Upon Bonnie's death, Katelyn Andrews 1/4/94 gets= all of the Costco stock. All the remaining in Bonnie's account is divided = equally between Austen Sorry for the delay, I had to get everyone's approval. Can we do Transfer on Death three ways. Upon Bonnie's death, Katelyn Andrews 1/4/94 gets all of the Costco stock. All the remaining in Bonnie's account is divided equally between Curt 5/16/= 57 and Craig Andrews 3/11/60 Craig and I are successor trustees for Clyde's trust. You can add both Craig and I as trusted contact for all accounts. On a different issue, what are the fees that Wells Fargo charges for your = services? Say we create a new account with $400,000 in a medium risk mutu= al fund, we withdraw $30,000 year out of the account until it is gone (20? = years). We have the management fees of the mutual fund itself, plus how much or wh= at percentage does Wells Fargo add to manage the account? Thanks cc On 12/3/24 9:33 am, Austen.Hebdon@wellsfargoadvisors.com wrote: Hey Curtis, Just have a couple questions as we get new accounts opened. We have to open= an individual account for Bonnie. The funds cant stay in a joint account w= ith one owner who is deceased. In doing so I think we should make the accou= nt a TOD (Transfer on Death) which allows us to name beneficiaries on the a= ccount and the funds in this account bypass probate. If we would like to ad= d this to the individual account in Bonnie=E2=80=99s name I need names, dat= e of birth, and % of assets each beneficiary should receive of the accounts= value (example if there are two beneficiaries and each get 50%). If we can= get that info we can have it ready for Bonnie to verify and sign when we h= ave you in. The second is who will be the successor trustee(s)? Once we get this information we should be good to go and be ready for Bonni= e to come in to sign. We added you as the trusted contact person to the acc= ounts which I hope is alright. Thanks, Austen J. Hebdon Financial Advisor Wells Fargo Advisors l 8203 W. Quinault Ave l Kennewick, WA 99336 Tel 509-579-3437 l Fax 509-579-3427 Austen.Hebdon@wellsfargoadvisors.com From: Curtis Andrews Sent: Sunday, December 1, 2024 11:52 AM To: Hebdon, Austen Subject: Fwd: Clyde and Bonnie Andrews As requested, we dropped off the documents to create a trust account to mov= e some of the John Deere stock into.=E2=80=8A What is the next step? Does= Bonnie need to come down to sign anything? -------- Forwarded Message ----= ---- Subject: Clyde and Bonnie As requested, we dropped off the documents to create a trust account to mov= e some of the John Deere stock into. What is the next step? Does Bonnie need to come down to sign anything? -------- Forwarded Message -------- Subject: Clyde and Bonnie Andrews Date: Sun, 17 Nov 2024 18:13:13 -0800 From: Curtis Andrews To: Austen.Hebdon@wellsfargoadvisors.com Hello, You are the advisor for my parents Clyde and Bonnie Andrews, account 7191-= 7673 Clyde died Feb 5 of this year so we need to move the John Deere stock into = his testamentary trust account. My Mother, Bonnie and I would like to meet with you this Friday morning if = possible to do the paperwork as we will be in the area meeting with the est= ate attorney. Looking forward to meeting you Thanks Curtis Andrews 1336 E Oak St. Othello WA 99344 andrewscc@aol.com 509 346 8108 ________________________________ This email may be an advertisement or solicitation for products and service= s. Opt-out from promotional emails. Investment and Insurance Products are: =E2=80=A2 Not Insured by the FDIC or Any Federal Government Agency =E2=80=A2 Not a Deposit or Other Obligation of, or Guaranteed by, the Bank = or Any Bank Affiliate =E2=80=A2 Subject to Investment Risks, Including Possible Loss of the Princ= ipal Amount Invested Investment products and services are offered through Wells Fargo Clearing S= ervices (WFCS), LLC, Member SIPC, a registered broker-dealer and non-bank a= ffiliate of Wells Fargo & Company. WFCS uses the trade name Wells Fargo Adv= isors. 1 North Jefferson, St. Louis, MO 63103. Wells Fargo Clearing Services, LLC is not an FDIC-insured depository instit= ution; FDIC deposit insurance only protects against the failure of an insur= ed depository institution. Banking products and services provided by Wells = Fargo Bank, N.A. Member FDIC. If you need assistance with documents that may be attached, please contact = the sender of this message. View our Electronic communications guidelines. WFA123456 -- Thank You Curtis Andrews 1336 E Oak St. Othello WA 99344 andrewscc@aol.com 509 346 8108 --_000_b8c0e59173f648efa1d859eb5179ffdewellsfargoadvisorscom_ Content-Type: text/html; charset="utf-8" Content-Transfer-Encoding: quoted-printable

Hey Curtis,

 

No worries on the d= elay. I get that keeping everyone in the loop is important and with the hol= idays you=E2=80=99d rather talk about fun and happy things and not this hah= a.

 

We will add you and= Craig as successor trustees as well as trusted contact persons.=

 

So for the Transfer= on Death form we have to have a % and we can=E2=80=99t just assign shares = to go to one person. So Costco is valued at about $65k in the account which= is 22.6% of the account and then Craig and yourself could be 38.7% of the account.

 

As beneficiaries, a= ll of you will get a stepped up cost basis on all the positions that you in= herit. So if Katelyn got her 22.6% and wanted to sell whatever shares she d= id get and buy Costco stock instead, there wouldn=E2=80=99t be hardly any capital gains taxes to be paid on her= end for selling the shares that she was given so that she could buy anothe= r companies stock. If that makes sense?

 

We can do everyone = at 33.3% or Katelyn something like Katelyn at 22.6% with Craig and Curtis a= t 38.7%?

 

To answer your ques= tion on how long taking $30k from a $400k account should last largely depen= ds on performance. That is a 7.5% withdrawal rate. If we average 5% on the = money it should be about half way through the 21st year that the account hits $0. If we take a 50/50 appr= oach (50% stocks/50% bonds) I think pretty conservative estimates we should= average that 5% if not 6-7%. The risk to this is getting hit with a market= correction right out of the gate. That is enough of a timeline that we would be able to make it back.

 

As far as costs go.= I manage portfolios that I charge my clients a flat 1% fee. = I don=E2=80=99t use many mutual funds (usually only bond funds that have mu= ch lower expenses) because I like to avoid those internal expenses. With $4= 00k that is enough money that you can get well enough diversified by owning individual company stock that you don=E2= =80=99t need to pay internal expenses. I believe that this leads to better = performance for my clients not only through less fees but the portfolio typ= ically generates higher income because I look for companies that pay us dividends. To use Wells Fargo=E2=80=99s mut= ual fund advisory program (fundsource) it is a flat fee of .9%= and the internal expenses are usually anywhere from .25-1.5% in the= mutual funds. Mutual funds can hold 100=E2=80=99s of positions which I bel= ieve takes you past diversification and into dilution which I also believe leads to poor performance. Let me know what = you think of these two options. I like to take ownership for my clients so = if things ever go sideways they know who to talk to.

 

Let me know if you = have any questions and what directions you would like to go on the benefici= aries as well as the managed account.

 

Thank you,

 

Austen J. Hebdon
Financial Advisor
Wells Fargo Advisors  l  8203 W. Qu= inault Ave  l  Kennewick, WA 99336
Tel 509-579-3437  l  Fax 509-579-3427
Austen.Hebdon@wellsfargoadv= isors.com

 

From:= Curtis Andrews <andrewscc@aol.com>
Sent: Saturday, December 7, 2024 5:42 PM
To: Hebdon, Austen <Austen.Hebdon@wellsfargoadvisors.com>
Cc: DAP AERO <craig@dapaero.com>
Subject: account names

 

Austen Sorry for the delay, I had to get everyo= ne's approval. Can we do Transfer on Death three ways. Upon Bonnie's death,= Katelyn Andrews 1/4/94 gets all of the Costco stock. All the remaining in Bonnie's account is divided equally bet= ween

 

 

Austen

Sorry for = the delay, I had to get everyone's approval.

Can we do = Transfer on Death three ways.  

Upon Bonni= e's death, Katelyn Andrews 1/4/94  gets all of the Costco stock. =

All the re= maining in Bonnie's account is divided equally between Curt 5/16/57  a= nd Craig Andrews 3/11/60

 

Craig and = I are successor trustees for Clyde's trust.

You can ad= d both Craig and I as trusted contact for all accounts.

 

On a diffe= rent issue,  what are the fees that Wells Fargo charges for your servi= ces?  Say we create a new account with  $400,000 in a medium risk= mutual fund, we withdraw $30,000 year out of the account until it is gone (20? years).  

We have th= e management fees of the mutual fund itself,  plus how much or what pe= rcentage does Wells Fargo add to manage the account?

 

Thanks

 

cc<= o:p>

 

 

 

On 12/3/24 9:33 am,= Austen.Hebdon@wellsfargoadvisors.com wrote:

Hey Curtis,<= o:p>

 <= /o:p>

Just have a couple = questions as we get new accounts opened. We have to open an individual acco= unt for Bonnie. The funds cant stay in a joint account with one owner who i= s deceased. In doing so I think we should make the account a TOD (Transfer on Death) which allows us to name benefic= iaries on the account and the funds in this account bypass probate. If we w= ould like to add this to the individual account in Bonnie=E2=80=99s name I = need names, date of birth, and % of assets each beneficiary should receive of the accounts value (example if there ar= e two beneficiaries and each get 50%). If we can get that info we can have = it ready for Bonnie to verify and sign when we have you in.

 <= /o:p>

The second is who w= ill be the successor trustee(s)?

 <= /o:p>

Once we get this in= formation we should be good to go and be ready for Bonnie to come in to sig= n. We added you as the trusted contact person to the accounts which I hope = is alright.

 <= /o:p>

Thanks,=

 <= /o:p>

Austen J. Hebdon
Financial Advisor
Wells Fargo Advisors  l  8203 W. Qu= inault Ave  l  Kennewick, WA 99336
Tel 509-579-3437  l  Fax 509-579-3427
Austen.Hebdon@wellsfargoadv= isors.com

 <= /o:p>

From:= Curtis Andrews <andrewscc@aol.com>
Sent: Sunday, December 1, 2024 11:52 AM
To: Hebdon, Austen <Austen.Hebdon@wellsfargoadvisors.com>
Subject: Fwd: Clyde and Bonnie Andrews

 

As requested, we dropped off the documents to c= reate a trust account to move some of the John Deere stock into.=E2=80=8A&n= bsp; What is the next step?  Does Bonnie need to come down to sign anything? -------- Forwarded Message -------- Subject: Clyde = and Bonnie

As request= ed, we dropped off the documents to create a trust account to move some of = the John Deere stock into. 

What is th= e next step? 

Does Bonni= e need to come down to sign anything?



-------- Forwarded Message --------

Subject:

Clyde and Bonnie An= drews

Date:

Sun, 17 Nov 2024 18= :13:13 -0800

From:

Curtis Andrews <andrewscc@aol.com>

To:

Austen.Hebdon@wellsfargoadvisors.com

 

Hello,

You are th= e advisor for my parents Clyde and Bonnie Andrews, account  7191-7673<= /span>

Clyde died= Feb 5 of this year so we need to move the John Deere stock into his testam= entary trust account. 

My Mother,= Bonnie and I would like to meet with you this Friday morning if possible t= o do the paperwork as we will be in the area meeting with the estate attorn= ey.

Looking fo= rward to meeting you

 Than= ks 

Curtis Andrews
1336 E Oak St. 
Othello WA 99344
andrewscc@aol.com<=
/pre>

509 346 8108


 
This email may be an advertisement or solicitation for products and servic=
es.  Opt-out fro=
m promotional emails.
 
Investment and Insurance Products are:=

=E2=80=A2 Not Insured by the FDIC or Any Federal =
Government Agency
=E2=80=A2 Not a Deposit or Other Obligation of, o=
r Guaranteed by, the Bank or Any Bank Affiliate<=
/pre>

=E2=80=A2 Subject to Investment Risks, Including =
Possible Loss of the Principal Amount Invested

 


Investment products and services are offered through Wells Fargo Clearing =
Services (WFCS), LLC, Member SIPC, a registered broker-dealer and non-bank =
affiliate of Wells Fargo & Company. WFCS uses the trade name Wells Farg=
o Advisors. 1 North Jefferson, St. Louis, MO 63103.


 


Wells Fargo Clearing Services, LLC is not an FDIC-insured depository insti=
tution; FDIC deposit insurance only protects against the failure of an insu=
red depository institution. Banking products and services provided by Wells=
 Fargo Bank, N.A. Member FDIC.


 


If you need assistance with documents that may be attached, please contact=
 the sender of this message.  


 


View our Electronic communications guidelines.<=
/pre>

 


WFA123456 


-- 
Thank You
 
Curtis Andrews
1336 E Oak St. 
Othello WA 99344
andrewscc@aol.com<=
/pre>

509 346 8108
--_000_b8c0e59173f648efa1d859eb5179ffdewellsfargoadvisorscom_--