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52 chapters · 972 sections in this title.
RCW 11.108.010 Definitions.
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Unless the context clearly requires otherwise, the definitions in this section apply throughout this chapter. (1) The term "pecuniary bequest" means a gift in a governing instrument which either is expressly stated as a fixed dollar amount or is a gift of a dollar amount determin…
RCW 11.108.020 Marital deduction gift—Compliance with Internal Revenue Code—Fiduciary powers.
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(1) If a governing instrument contains a marital deduction gift, the governing instrument shall be construed to comply with the marital deduction provisions of the Internal Revenue Code in every respect. (2) If a governing instrument contains a marital deduction gift, any fiducia…
RCW 11.108.025 Election to qualify property for the marital deduction—Generation-skipping transfer tax allocations.
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Unless a governing instrument directs to the contrary: (1) The fiduciary shall have the power to make elections, in whole or in part, to qualify property for the marital deduction as qualified terminable interest property under section 2056(b)(7) or 2523(f) of the Internal Revenu…
RCW 11.108.030 Pecuniary bequests—Valuation of assets if distribution other than money.
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(1) If a governing instrument authorizes the fiduciary to satisfy a pecuniary bequest in whole or in part by distribution of property other than money, the assets selected for that purpose shall be valued at their respective fair market values on the date or dates of distribution…
