§ 11.98B.005 Short title
§ 11.98B.010 Definitions
§ 11.98B.020 Applicability — Principal place of administration
§ 11.98B.030 Applicability — Exclusions — Power of appointment
§ 11.98B.040 Common law and principles of equity supplement
§ 11.98B.050 Trust director — Power of direction
§ 11.98B.060 Trust director — Power of direction — Limitations
§ 11.98B.070 Trust director — Duties and liability
§ 11.98B.080 Directed trustee — Duties and liability
§ 11.98B.090 Duty to provide information to trust director or trustee
§ 11.98B.100 No duty to monitor, inform, or advise trust director or trustee
§ 11.98B.110 Application to cotrustee
§ 11.98B.120 Trust director — Action against — Limitation
§ 11.98B.130 Trust director — Action against — Defenses
§ 11.98B.140 Trust director — Personal jurisdiction
§ 11.98B.150 Trust director — Rules applicable to trustees apply
§ 11.98B.900 Uniformity of application and construction
§ 11.98B.901 Relation to electronic signatures in global and national commerce act
§ 11.98B.902 Effective date — 2020 c 303
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Terms Used In Washington Code > Chapter 11.98B - Uniform directed trust act

  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • Common law: The legal system that originated in England and is now in use in the United States. It is based on judicial decisions rather than legislative action.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Electronic: means relating to technology having electrical, digital, magnetic, wireless, optical, electromagnetic, or similar capabilities. See Washington Code 11.02.005
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Fiduciary: A trustee, executor, or administrator.
  • Internal revenue code: means the United States internal revenue code of 1986, as amended or renumbered as of January 1, 2001. See Washington Code 11.02.005
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • person: may be construed to include the United States, this state, or any state or territory, or any public or private corporation or limited liability company, as well as an individual. See Washington Code 1.16.080
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • Testator: A male person who leaves a will at death.
  • Trustee: A person or institution holding and administering property in trust.
  • Trustee: means an original, added, or successor trustee and includes the state, or any agency thereof, when it is acting as the trustee of a trust to which chapter 11. See Washington Code 11.02.005
  • Venue: The geographical location in which a case is tried.