Washington § 11.140.140 - Expenses, compensation, and bond of custodial trustee.

Full text of Washington Revised Code of Washington § 11.140.140 — Expenses, compensation, and bond of custodial trustee., with citation guidance and answers to common questions.

§ 11.140.140. Expenses, compensation, and bond of custodial trustee.

Except as otherwise provided in the instrument creating the custodial trust, in an agreement with the beneficiary, or by court order, a custodial trustee:
(1) Is entitled to reimbursement from custodial trust property for reasonable expenses incurred in the performance of fiduciary services;
(2) Has a noncumulative election, to be made no later than six months after the end of each calendar year, to charge a reasonable compensation for fiduciary services performed during that year; and
(3) Need not furnish a bond or other security for the faithful performance of fiduciary duties.
[ 2025 c 111 s 14.]

Source: official Washington text · Last verified 2026-08-27

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Frequently Asked Questions About Washington § 11.140.140

What does Revised Code of Washington § 11.140.140 cover?

Section 11.140.140 ("Expenses, compensation, and bond of custodial trustee.") is part of the Revised Code of Washington, the codified statutory law of Washington. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Washington § 11.140.140?

A common citation format is "Revised Code of Washington § 11.140.140" (Washington). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Washington law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Washington official source linked on this page or consult a licensed Washington attorney.

How does Washington § 11.140.140 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Washington can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in Washington.