Washington § 11.98.002 - Definitions.

Full text of Washington Revised Code of Washington § 11.98.002 — Definitions., with citation guidance and answers to common questions.

§ 11.98.002. Definitions.

The definitions in this section apply throughout this chapter, and throughout this title where specifically referenced, unless the context clearly requires otherwise.
(1) "Permissible distributee" means a trust beneficiary who is currently eligible to receive distributions of trust income or principal, whether the distribution is mandatory or discretionary.
(2) "Qualified beneficiary" means a trust beneficiary who, on the date that such beneficiary's qualification is determined:
(a) Is a permissible distributee;
(b) Would be a permissible distributee if the interests of the distributees described in (a) of this subsection terminated on that date; or
(c) Would be a permissible distributee if the trust terminated on that date.
[ 2013 c 272 s 8.]

Notes

Application—2013 c 272: "Except as otherwise provided in this act:
(1) This act applies to all trusts created before, on, or after January 1, 2013;
(2) This act applies to all judicial proceedings concerning trusts commenced on or after January 1, 2013;
(3) An action taken before January 1, 2013, is not affected by this act; and
(4) If a right is acquired, extinguished, or barred upon the expiration of a prescribed period that has commenced to run under any other statute before January 1, 2013, that statute continues to apply to the right even if it has been repealed or superseded." [ 2013 c 272 s 28.]

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Frequently Asked Questions About Washington § 11.98.002

What does Revised Code of Washington § 11.98.002 cover?

Section 11.98.002 ("Definitions.") 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.

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