Revised Code of Washington - RCW Title 11 Probate And Trust Law - Chapter 11.98 Trusts

11.98.009 Application of chapter
Except as provided in this section, this chapter applies to express trusts executed by the trustor after June 10, 1959, and does not apply to ...

11.98.016 Exercise of powers by co-trustees
(1) Any power vested in three or more trustees jointly may be exercised by a majority of such trustees; but no trustee who has not ...

11.98.019 Relinquishment of powers by trustee
Any trustee may, by written instrument delivered to any then acting co-trustee and to the current adult income beneficiaries of the trust, relinquish to any ...

11.98.029 Resignation of trustee
Any trustee may resign, without judicial proceedings, by a writing signed by the trustee and filed with the trust records, to be effective upon the ...

11.98.039 Nonjudicial change of trustee -- Judicial appointment or change of trustee -- Liability and duties of successor fiduciary
(1) Where a vacancy occurs in the office of the trustee and there is a successor trustee who is willing to serve as trustee and ...

11.98.041 Change of trustee -- Discharge of outgoing trustee, when
Where a vacancy occurs in the office of trustee under the circumstances described in RCW 11.98.039 (1) or (2), the outgoing trustee shall be discharged ...

11.98.045 Criteria for transfer of trust assets or administration
(1) A trustee may transfer trust assets to a trustee in another jurisdiction or may transfer the place of administration of a trust to another ...

11.98.051 Nonjudicial transfer of trust assets or administration -- Notice -- Consent required
(1) The trustee may transfer trust assets or the place of administration in accordance with RCW 11.96A.220. In addition, the trustee shall give written notice ...

11.98.055 Judicial transfer of trust assets or administration
(1) Any trustee, beneficiary, or beneficiary representative may petition the superior court of the county of the situs of the trust for a transfer of ...

11.98.060 Power of successor trustee
A successor trustee of a trust shall succeed to all the powers, duties and discretionary authority of the original trustee.[1985 c 30 § 48. Prior: ...

11.98.065 Change in form of corporate trustee
Any appointment of a specific bank, trust company, or corporation as trustee is conclusively presumed to authorize the appointment or continued service of that entity's ...

11.98.070 Power of trustee
A trustee, or the trustees jointly, of a trust, in addition to the authority otherwise given by law, have discretionary power to acquire, invest, reinvest, ...

11.98.080 Consolidation of trusts
(1) Two or more trusts may be consolidated if: (a) The trusts so provide; or (b) Whether provided in the trusts or not, in accordance ...

11.98.090 Nonliability of third persons without knowledge of breach
In the absence of knowledge of a breach of trust, no party dealing with a trustee is required to see to the application of any ...

11.98.100 Nonliability for action or inaction based on lack of knowledge of events
When the happening of any event, including but not limited to such events as marriage, divorce, performance of educational requirements, or death, affects the administration ...

11.98.110 Contract and tort liability
As used in this section, a trust includes a probate estate, and a trustee includes a personal representative. The words "trustee" and "as trustee" mean ...

11.98.130 Rule against perpetuities
No provision of an instrument creating a trust, including the provisions of any further trust created, and no other disposition of property made pursuant to ...

11.98.140 Distribution and vesting of assets
If, during the one hundred fifty years following the effective date of an instrument creating a trust, any of the trust assets should by the ...

11.98.150 Distribution of assets after one hundred fifty year period
If, at the end of the one hundred fifty years following the effective date of an instrument creating a trust, any of the trust assets ...

11.98.160 Effective date of irrevocable inter vivos trust -- Effective date of revocable inter vivos or testamentary trust
For the purposes of RCW 11.98.130 through 11.98.150 the effective date of an instrument purporting to create an irrevocable inter vivos trust is the date ...

11.98.170 Designation of trustee as beneficiary of life insurance policy or retirement plan -- Determination of proper recipient of proceeds -- Definitions -- Beneficiary designations executed before January 1, 1985, not invalidated
(1) Any life insurance policy or retirement plan payment provision may designate as beneficiary: (a) A trustee named or to be named by will, and ...

11.98.200 Beneficiary trustee -- Limitations on power
Due to the inherent conflict of interest that exists between a trustee and a beneficiary of a trust, unless the terms of a trust refer ...

11.98.210 Beneficiary trustee -- Disregard of provision conferring absolute or similar power -- Power of removal
If a trustee is a beneficiary of the trust and the trust instrument confers the power to make distributions of principal or income for the ...

11.98.220 Beneficiary trustee -- Inferences of law -- Judicial review
RCW 11.98.200 through 11.98.240 do not raise any inference that the law of this state prior to July 25, 1993, was different than under RCW ...

11.98.230 Beneficiary trustee -- Income under marital deduction -- Spousal power of appointment
Notwithstanding any provision of RCW 11.98.200 through 11.98.240 seemingly to the contrary, RCW 11.98.200 through 11.98.240 do not limit or restrict the distribution of income ...

11.98.240 Beneficiary trustee -- Applicability -- Exceptions -- Election of exception -- Cause of action
(1)(a) RCW 11.98.200 and 11.98.210 respectively apply to: (i) A trust established under a will, codicil, trust agreement, declaration of trust, deed, or other instrument ...

11.98.900 Application of RCW 11.98.130 through 11.98.160
The provisions of RCW 11.98.130 through 11.98.160 are applicable to any instrument purporting to create a trust regardless of the date such instrument bears, unless ...

11.98.910 Severability -- 1959 c 124
If any provision of this chapter or the application thereof to any person or circumstances is held invalid, such invalidity shall not affect the other ...

11.98.920 Short title
This act shall be known as the "Washington Trust Act."[1985 c 30 § 62. Prior: 1959 c 124 § 12. Formerly RCW 30.99.910.]Notes: Short title ...