11.100.045 – Fiduciary—Duty to beneficiaries.
RCW 11.100.045 Fiduciary—Duty to beneficiaries. 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 […]
11.100.047 – Fiduciary—Duty to diversify.
RCW 11.100.047 Fiduciary—Duty to diversify. Subject to the provisions of RCW 11.100.060 and any express provisions in the trust instrument to the contrary, a fiduciary shall diversify the investments of the trust unless the fiduciary reasonably determines that, because of special circumstances, the purposes of the trust are better served without diversifying. [ 1995 c […]
11.100.050 – Scope of chapter—RCW 11.68.090 prevails.
RCW 11.100.050 Scope of chapter—RCW 11.68.090 prevails. (1) The provisions of this chapter govern fiduciaries acting under wills, agreements, court orders, and other instruments effective before or after January 1, 1985. (2) To the extent that this chapter is in conflict with RCW 11.68.090, RCW 11.68.090 prevails. [ 2021 c 140 § 4024; 1985 c […]
11.100.060 – Fiduciary may hold and retain trust property—Investments—Liability.
RCW 11.100.060 Fiduciary may hold and retain trust property—Investments—Liability. Subject to express provisions to the contrary in the trust instrument, any fiduciary may hold and retain any real or personal property received into or acquired by the trust from any source. Except as to trust property acquired for consideration, a fiduciary may hold and retain […]
11.100.070 – Meaning of terms in trust instrument.
RCW 11.100.070 Meaning of terms in trust instrument. The terms “legal investment” or “authorized investment” or words of similar import, as used in any such instrument, shall be taken to mean any investment which is permitted by the terms of RCW 11.100.020. [ 1985 c 30 § 74. Prior: 1984 c 149 § 110; 1955 […]
11.100.090 – Dealings with self or affiliate.
RCW 11.100.090 Dealings with self or affiliate. Unless the instrument creating the trust expressly provides to the contrary and except as authorized in RCW 11.98.078, any fiduciary in carrying out the obligations of the trust, may not buy or sell investments from or to himself, herself, or itself or any affiliated or subsidiary company or […]
11.100.120 – Use of trust funds for life insurance.
RCW 11.100.120 Use of trust funds for life insurance. Subject to the standards of RCW 11.100.020, a fiduciary is authorized to use trust funds to acquire life insurance upon the life of any beneficiary or upon the life of another in whose life such beneficiary has an insurable interest. [ 1985 c 30 § 76. […]
11.100.130 – Person to whom power or authority to direct or control acts of fiduciary or investments of a trust is conferred deemed a fiduciary—Liability.
RCW 11.100.130 Person to whom power or authority to direct or control acts of fiduciary or investments of a trust is conferred deemed a fiduciary—Liability. Whenever power or authority to direct or control the acts of a fiduciary or the investments of a trust is conferred directly or indirectly upon any person other than the […]
11.100.140 – Notice and procedure for nonroutine transactions.
RCW 11.100.140 Notice and procedure for nonroutine transactions. (1) A trustee shall not enter into a significant nonroutine transaction in the absence of a compelling circumstance without: (a) Providing the written notice called for by subsection (4) of this section; and (b) If the significant nonroutine transaction is of the type described in subsection (2)(a) […]
11.100.030 – Investment in savings accounts—Requirements.
RCW 11.100.030 Investment in savings accounts—Requirements. A corporation doing a trust business may invest trust funds in savings accounts with itself to the extent that deposits are insured by an agency of the federal government. Additional trust funds may be so invested by the corporation only if it first sets aside under the control of […]