Washington § 11.98.145 - Distribution upon termination.

Full text of Washington Revised Code of Washington § 11.98.145 — Distribution upon termination., with citation guidance and answers to common questions.

§ 11.98.145. Distribution upon termination.

(1) Upon termination or partial termination of a trust, the trustee may send, by personal service, certified mail with return receipt requested, or in an electronic transmission if there is a consent of the recipient to electronic transmission then in effect under the terms of RCW 11.96A.110, to the beneficiaries a proposed plan to distribute existing trust assets. The right of any beneficiary to object to the plan to distribute existing trust assets, including the right to object to nonpro rata distributions authorized under RCW 11.98.070(15), terminates if the beneficiary does not notify the trustee of an objection within thirty days after the proposal was sent but only if the proposal informed the beneficiary of the right to object and of the time allowed for objection.
(2) Upon the occurrence of an event terminating or partially terminating a trust, the trustee shall proceed expeditiously to distribute the trust property to the persons entitled to it, subject to the right of the trustee to retain a reasonable reserve for the payment of debts, expenses, and taxes.
[ 2011 c 327 s 27.]

Notes

Application—Effective date—2011 c 327: See notes following RCW 11.103.020.

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Frequently Asked Questions About Washington § 11.98.145

What does Revised Code of Washington § 11.98.145 cover?

Section 11.98.145 ("Distribution upon termination.") 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 § 11.98.145?

A common citation format is "Revised Code of Washington § 11.98.145" (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.

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Sources & Verification

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