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Washington Revised Code Title 11. Probate and Trust Law § 11.104B.140. Unitrusts--Unitrust policies

Current as of January 01, 2025 | Updated by Findlaw Staff

(1) In administering a unitrust under this article, a fiduciary shall follow a unitrust policy adopted under RCW 11.104B.120(1) (a) or (b) or amended or replaced under RCW 11.104B.120(1)(b).

(2) A unitrust policy must provide:

(a) The unitrust rate or the method for determining the unitrust rate under RCW 11.104B.150;

(b) The method for determining the applicable value under RCW 11.104B.160; and

(c) The rules described in RCW 11.104B.150 through 11.104B.180, which apply in the administration of the unitrust, whether the rules are:

(i) Mandatory, as provided in RCW 11.104B.160(1) and 11.104B.170(1); or

(ii) Optional, as provided in RCW 11.104B.150, 11.104B.160(2), 11.104B.170(2), and 11.104B.180(1), to the extent the fiduciary elects to adopt those rules.

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Cite this article: FindLaw.com - Washington Revised Code Title 11. Probate and Trust Law § 11.104B.140. Unitrusts--Unitrust policies - last updated January 01, 2025 | https://codes.findlaw.com/wa/title-11-probate-and-trust-law/wa-rev-code-11-104b-140/

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