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<p class="MsoNormal"><span style="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></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="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></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">Thanks, <o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">Jacob<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">_______________________<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">Jacob H. Menashe<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">Hickman Menashe, PS<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">4211 Alderwood Mall Blvd., Suite 202<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">Lynnwood, WA 98036<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">(425) 744-5658 phone<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">(425) 744-6078 fax<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">Satellite Office in Bellevue<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><a href="www.hickmanmenashe.com"><span style="color:#0563C1">www.hickmanmenashe.com</span></a><o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
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