Washington Code 11.118.040 – Termination of trust
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Upon termination of the trust, the trustee shall transfer the unexpended trust property in the following order:
Terms Used In Washington Code 11.118.040
- Codicil: An addition, change, or supplement to a will executed with the same formalities required for the will itself.
- Codicil: means a will that modifies or partially revokes an existing earlier will. See Washington Code 11.02.005
- Testator: A male person who leaves a will at death.
- Trustor: The person who makes or creates a trust. Also known as the grantor or settlor.
- Trustor: means a person, including a testator, who creates, or contributes property to, a trust. See Washington Code 11.02.005
(1) As directed in the instrument;
(2) If the trust was created in a nonresiduary clause in the trustor‘s will or in a codicil to the trustor‘s will and the will or codicil does not direct otherwise, under the residuary clause in the trustor’s will, which shall be read as though the testator died on the date the trust terminated; and
(3) If no taker is produced by the application of subsection (1) or (2) of this section, to the trustor’s heirs under RCW 11.04.015, as it exists at the time of the trust’s termination.
[ 2001 c 327 § 5.]