Washington Code 11.100.045 – Fiduciary — Duty to beneficiaries
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A fiduciary shall invest and manage the trust assets solely in the interests of the trust beneficiaries. If a trust has two or more beneficiaries, the fiduciary shall act impartially in investing and managing the trust assets, taking into account any differing interests of the beneficiaries.
[ 1995 c 307 § 4.]
NOTES:
Application—1995 c 307: See note following RCW 11.100.010.
Terms Used In Washington Code 11.100.045
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Fiduciary: A trustee, executor, or administrator.