™Your Policy Risk Impact Agent
52 chapters · 972 sections in this title.
RCW 11.107.010 Definitions.
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The definitions in this section apply throughout this chapter unless the context clearly requires otherwise. (1) "Ascertainable standard" means a standard relating to an individual's health, education, support, or maintenance within the meaning of Title 26 U.S.C. Sec. 2041(b)(1)(…
RCW 11.107.020 Decanting power under expanded discretion.
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(1) Subject to (a) of this subsection and RCW 11.107.070, a trustee that has expanded discretion to distribute the principal of a first trust to one or more current beneficiaries may exercise the decanting power over the principal of the first trust, subject to the following: (a)…
RCW 11.107.030 Decanting power under limited discretion.
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Subject to RCW 11.107.070, a trustee that has limited discretion to distribute the principal of a first trust to one or more current beneficiaries may exercise the decanting power over the principal of the first trust, subject to the following: (1) Second trusts under this sectio…
RCW 11.107.040 Decanting statute—Procedure to exercise decanting power.
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(1) The trustee of the first trust may exercise the decanting power under RCW 11.107.020 and 11.107.030 if: (a) The trustee determines that the exercise of the decanting power is consistent with the trustee's fiduciary duties described in RCW 11.107.080(1); (b) In the event that …
