[WSBAPT] Trust Notice / Qualified Beneficiary

[Mark Vohr]

The notice provisions under RCW 11.98.072 apply only to irrevocable trusts created after December 31, 2011, and revocable trusts that become irrevocable after December 31, 2011.

Regards,

Mark

Mark C. Vohr, Esq.
Ohana Fiduciary Corp.
Ohana Financial Services
A Washington Trust Company
Mark C. Vohr, J.D., CPG, Principal
PO Box 33710  Seattle, WA  98133
T:  (206) 782-1189 F:  (206) 782-1434
mcv at ohanafc.com      www.ohanafc.com

From: wsbapt-bounces at lists.wsbarppt.com <wsbapt-bounces at lists.wsbarppt.com> On Behalf Of Philip N. Jones
Sent: Monday, April 20, 2020 1:23 PM
To: WSBA Probate & Trust Listserv <wsbapt at lists.wsbarppt.com>
Subject: Re: [WSBAPT] Trust Notice / Qualified Beneficiary

It seems to me that the first thing we need to know is whether the original trustor is still alive.  If not, then the names of the beneficiaries are known and fixed, and the contingent beneficiaries are SOL.
Phil Jones
Philip N. Jones
Duffy Kekel LLP
Portland, OR
pjones at duffykekel.com<mailto:pjones at duffykekel.com>
(503) 226-1371


On Apr 20, 2020, at 1:10 PM, Mark Vohr <mcv at ohanafc.com<mailto:mcv at ohanafc.com>> wrote:

That is correct – The definition for “qualified beneficiaries” is broader to include the principal distributee plus any person who will become a principal distributee if the current principal distributee ceases being one.

Regards,

Mark

Mark C. Vohr, Esq.
Ohana Fiduciary Corp.
Ohana Financial Services
A Washington Trust Company
Mark C. Vohr, J.D., CPG, Principal
PO Box 33710  Seattle, WA  98133
T:  (206) 782-1189 F:  (206) 782-1434
mcv at ohanafc.com<mailto:mcv at ohanafc.com>      www.ohanafc.com<http://www.ohanafc.com>

From: wsbapt-bounces at lists.wsbarppt.com<mailto:wsbapt-bounces at lists.wsbarppt.com> <wsbapt-bounces at lists.wsbarppt.com<mailto:wsbapt-bounces at lists.wsbarppt.com>> On Behalf Of Kristi L. Richards
Sent: Monday, April 20, 2020 12:54 PM
To: wsbapt at lists.wsbarppt.com<mailto:wsbapt at lists.wsbarppt.com>
Subject: [WSBAPT] Trust Notice / Qualified Beneficiary

When sending notice of existence of a trust that terminates by giving all assets to living children outright and free of trust at the death of the original trustor, does everyone include the contingent beneficiaries as recipients of the notice of existence of trust?

RCW 11.98.072(1) requires the trustee to keep all “qualified beneficiaries” of a trust reasonably informed regarding the administration of the trust.   The definitions in RCW 11.98.002 appear to include more than just the current beneficiaries/children.




Kristi L. Richards
Attorney

Northwest Elder Law Group
2150 N. 107th Street, Suite 501
Seattle, WA 98133
P: (206) 937-6102, ext. 5
F: (206) 830-9326
www.nwelg.com<https://urldefense.proofpoint.com/v2/url?u=http-3A__www.nwelg.com_&d=DwMFAg&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=K1mLMC1eFjwfeeMM-AC6zQ&m=ZpaHFdGFMIXMLNyau-i1Xv6Hr1t72hOCIKS8UuvV3Ms&s=ktNoM8e44JjI4ocfQe24kOToKt3gi8SxMsKs2bxRN-o&e=>

Providing Services in Elder Law

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