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</o:shapelayout></xml><![endif]--></head><body lang=EN-US link="#0563C1" vlink="#954F72"><div class=WordSection1><p class=MsoNormal><font size=3 face=Calibri><span style='font-size:12.0pt'>Don’t forget<o:p></o:p></span></font></p><h3><font size=3 color=black face="Arial Black"><span style='font-size:12.0pt'>11.97.010<br>Power of trustor — Trust provisions control.<o:p></o:p></span></font></h3><p><a name=11.97.010><font size=2 face=Arial><span style='font-size:11.0pt;font-family:"Arial",sans-serif'>The trustor of a trust may by the provisions of the trust relieve the trustee from any or all of the duties, restrictions, and liabilities which would otherwise be imposed by chapters </span></font></a><font size=2 face=Arial><span style='font-size:11.0pt;font-family:"Arial",sans-serif'><a href="http://apps.leg.wa.gov/rcw/default.aspx?cite=11.95">11.95</a>, <a href="http://apps.leg.wa.gov/rcw/default.aspx?cite=11.98">11.98</a>, <a href="http://apps.leg.wa.gov/rcw/default.aspx?cite=11.100">11.100</a>, and <a href="http://apps.leg.wa.gov/rcw/default.aspx?cite=11.104A">11.104A</a> RCW and RCW <a href="http://apps.leg.wa.gov/rcw/default.aspx?cite=11.106.020">11.106.020</a>, or may alter or deny any or all of the privileges and powers conferred by those provisions; or may add duties, restrictions, liabilities, privileges, or powers to those imposed or granted by those provisions. If any specific provision of those chapters is in conflict with the provisions of a trust, the provisions of the trust control whether or not specific reference is made in the trust to any of those chapters, <span style='background:yellow;mso-highlight:yellow'>except as provided in RCW</span> <a href="http://apps.leg.wa.gov/rcw/default.aspx?cite=6.32.250">6.32.250</a>, <a href="http://apps.leg.wa.gov/rcw/default.aspx?cite=11.96A.190">11.96A.190</a>, <a href="http://apps.leg.wa.gov/rcw/default.aspx?cite=19.36.020">19.36.020</a>, <a href="http://apps.leg.wa.gov/rcw/default.aspx?cite=11.98.002">11.98.002</a>, <a href="http://apps.leg.wa.gov/rcw/default.aspx?cite=11.98.200">11.98.200</a> through<a href="http://apps.leg.wa.gov/rcw/default.aspx?cite=11.98.240">11.98.240</a> , <span style='background:yellow;mso-highlight:yellow'><a href="http://apps.leg.wa.gov/rcw/default.aspx?cite=11.98.072">11.98.072</a>(1),</span> <a href="http://apps.leg.wa.gov/rcw/default.aspx?cite=11.95.100">11.95.100</a> through <a href="http://apps.leg.wa.gov/rcw/default.aspx?cite=11.95.150">11.95.150</a>, and chapter <a href="http://apps.leg.wa.gov/rcw/default.aspx?cite=11.103">11.103</a> RCW. In no event may a trustee be relieved of the duty to act in good faith and with honest judgment. Notwithstanding the breadth of discretion granted to a trustee in the terms of the trust, including the use of such terms as "absolute," "sole," or "uncontrolled," the trustee must exercise a discretionary power in good faith and in accordance with the terms and purposes of the trust and the interests of the beneficiaries.<o:p></o:p></span></font></p><p class=MsoNormal><font size=3 face=Calibri><span style='font-size:12.0pt'><o:p> </o:p></span></font></p><p class=MsoNormal><font size=3 face=Calibri><span style='font-size:12.0pt'><o:p> </o:p></span></font></p><div><div style='border:none;border-top:solid #E1E1E1 1.0pt;padding:3.0pt 0in 0in 0in'><p class=MsoNormal><b><font size=2 face=Calibri><span style='font-size:11.0pt;font-weight:bold'>From:</span></font></b> wsbapt-bounces@lists.wsbarppt.com [mailto:wsbapt-bounces@lists.wsbarppt.com] <b><span style='font-weight:bold'>On Behalf Of </span></b>Jacob Menashe<br><b><span style='font-weight:bold'>Sent:</span></b> Wednesday, May 20, 2015 9:35 AM<br><b><span style='font-weight:bold'>To:</span></b> WSBA Probate & Trust Listserv; 'scairns@hansonbaker.com'<br><b><span style='font-weight:bold'>Subject:</span></b> [WSBAPT] 11.98.072 Notice<o:p></o:p></p></div></div><p class=MsoNormal><font size=2 face=Calibri><span style='font-size:11.0pt'><o:p> </o:p></span></font></p><p class=MsoNormal><font size=2 color="#1f497d" face=Calibri><span style='font-size:11.0pt;color:#1F497D'>RCW 11.98.072, in subsection 1, says that a trustee must keep all qualified beneficiaries (defined by 11.98.002 to now include remainder beneficiaries) “reasonably informed about the administration of the trust and of the material facts necessary for them to protect their interests.” Subsections 2 and 3 spell notice that must be given. Subsection 5 says a trustor may waive or modify the notification requirements of subjections 2 and 3. <o:p></o:p></span></font></p><p class=MsoNormal><font size=2 color="#1f497d" face=Calibri><span style='font-size:11.0pt;color:#1F497D'><o:p> </o:p></span></font></p><p class=MsoNormal><font size=2 color="#1f497d" face=Calibri><span style='font-size:11.0pt;color:#1F497D'>My query: Can the trustor waive the dictate of subsection 1 – the reasonably informed part? It seems to me that waiving 2 and 3 is fairly meaningless unless it applies to the overall charge in 1. How can you do 1 without providing the notice in 2. As I seem to be reading the statute, what exactly can the trustor waive? Or, in other words, can a person (other than the situation in subsection 3) ever set up an irrevocable trust without the trustee being required to keep the remainder beneficiaries reasonably informed!<o:p></o:p></span></font></p><p class=MsoNormal><font size=2 color="#1f497d" face=Calibri><span style='font-size:11.0pt;color:#1F497D'><o:p> </o:p></span></font></p><p class=MsoNormal><font size=2 color="#1f497d" face=Calibri><span style='font-size:11.0pt;color:#1F497D'>Thanks, <o:p></o:p></span></font></p><p class=MsoNormal><font size=2 color="#1f497d" face=Calibri><span style='font-size:11.0pt;color:#1F497D'><o:p> </o:p></span></font></p><p class=MsoNormal><font size=2 color="#1f497d" face=Calibri><span style='font-size:11.0pt;color:#1F497D'>Jacob<o:p></o:p></span></font></p><p class=MsoNormal><font size=2 color="#1f497d" face=Calibri><span style='font-size:11.0pt;color:#1F497D'><o:p> </o:p></span></font></p><p class=MsoNormal><font size=2 color="#1f497d" face=Calibri><span style='font-size:11.0pt;color:#1F497D'>_______________________<o:p></o:p></span></font></p><p class=MsoNormal><font size=2 color="#1f497d" face=Calibri><span style='font-size:11.0pt;color:#1F497D'>Jacob H. Menashe<o:p></o:p></span></font></p><p class=MsoNormal><font size=2 color="#1f497d" face=Calibri><span style='font-size:11.0pt;color:#1F497D'>Hickman Menashe, PS<o:p></o:p></span></font></p><p class=MsoNormal><font size=2 color="#1f497d" face=Calibri><span style='font-size:11.0pt;color:#1F497D'>4211 Alderwood Mall Blvd., Suite 202<o:p></o:p></span></font></p><p class=MsoNormal><font size=2 color="#1f497d" face=Calibri><span style='font-size:11.0pt;color:#1F497D'>Lynnwood, WA 98036<o:p></o:p></span></font></p><p class=MsoNormal><font size=2 color="#1f497d" face=Calibri><span style='font-size:11.0pt;color:#1F497D'>(425) 744-5658 phone<o:p></o:p></span></font></p><p class=MsoNormal><font size=2 color="#1f497d" face=Calibri><span style='font-size:11.0pt;color:#1F497D'>(425) 744-6078 fax<o:p></o:p></span></font></p><p class=MsoNormal><font size=2 color="#1f497d" face=Calibri><span style='font-size:11.0pt;color:#1F497D'>Satellite Office in Bellevue<o:p></o:p></span></font></p><p class=MsoNormal><font size=2 color="#1f497d" face=Calibri><span style='font-size:11.0pt;color:#1F497D'><a href="www.hickmanmenashe.com">www.hickmanmenashe.com</a><o:p></o:p></span></font></p><p class=MsoNormal><font size=2 color="#1f497d" face=Calibri><span style='font-size:11.0pt;color:#1F497D'><o:p> </o:p></span></font></p><p class=MsoNormal><font size=2 color="#1f497d" face=Calibri><span style='font-size:11.0pt;color:#1F497D'><o:p> </o:p></span></font></p></div></body></html>