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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">Kristina-- I think the client's goal makes sense but the method is not well-suited. As a totally unsolicited, nonresponse to your actual question: A book by
favorite author of mine has a protagonist who is the beneficiary of trust that will only pay out once he personally earns and saves a specified amount of money by a certain deadline. If he fails to make his own money and save a sufficient amount by the deadline,
then he will not receive the inheritance. Since I became a lawyer, I have waited for a good opportunity to try drafting that kind of trust...<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">Conversely, in another novel by a different favorite author of mine, the protagonist is the beneficiary of an uncle's will that specifies that pays him a regular
generous stipend until he completes his undergraduate degree, so long as he stays a full-time student. At the beginning of the book, he is approximately 13 years into his undergraduate studies and is locked in a feud with his college counselor who keeps trying
to graduate him by finding a combination of classes he has taken that fulfills a degree requirement…<o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-family:"Calibri","sans-serif";color:#1F497D">Sincerely,<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Calibri","sans-serif";color:#1F497D">Eric<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Calibri","sans-serif";color:#1F497D">Eric C. Nelsen<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Calibri","sans-serif";color:#1F497D">SAYRE LAW OFFICES, PLLC<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Calibri","sans-serif";color:#1F497D">1320 University St<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Calibri","sans-serif";color:#1F497D">Seattle WA 98101-2837<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Calibri","sans-serif";color:#1F497D">phone 206-625-0092<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Calibri","sans-serif";color:#1F497D">fax 206-625-9040<o:p></o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif"">From:</span></b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif""> wsbapt-bounces@lists.wsbarppt.com [mailto:wsbapt-bounces@lists.wsbarppt.com]
<b>On Behalf Of </b>Kristina DeVore<br>
<b>Sent:</b> Sunday, January 17, 2016 2:56 PM<br>
<b>To:</b> WSBA Probate & Trust Listserv<br>
<b>Subject:</b> [WSBAPT] Secret Trust?<o:p></o:p></span></p>
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<p class="MsoNormal"><o:p> </o:p></p>
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<p class="MsoNormal"><span style="font-family:"Verdana","sans-serif";color:black">Listmates:</span><span style="color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="color:black"><o:p> </o:p></span></p>
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<p class="MsoNormal" style="text-indent:.25in"><span style="font-family:"Verdana","sans-serif"">I have a client who would like to leave a portion of his estate to his son in trust and would like to have the trust be completely secret for a period of time after
his death. He is concerned that a large looming inheritance might create an incentive for the son to no longer be a productive member of society and instead just wait out the time period until he would receive his inheritance. I have read RCW 11.98.072 and
the waiver in that section seems to imply that a trustor can waive the requirements in 11.98.072(2) and/or (3) but does not imply that a trustor can waive the requirements of 11.98.072(1) to keep a “qualified beneficiary reasonably informed about the administration
of<span style="color:black;background:white"> </span><span style="background:white">the trust and of the material facts necessary for them to protect their interests”. However, RCW 11.97.010 states that a “trustor of a trust may…relieve the trustee from any
or all of the duties, restrictions, and liabilities which would otherwise be imposed by chapters 11.98</span>….” </span><o:p></o:p></p>
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<p class="MsoNormal" style="text-indent:.25in"><o:p> </o:p></p>
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<p class="MsoNormal" style="text-indent:.25in"><span style="font-family:"Verdana","sans-serif"">Does this mean that a trustor can create a testamentary trust that is kept secret from the beneficiary after the trustor dies by waiving the duties of 11.98.072
(1) (2) and (3)?</span><o:p></o:p></p>
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<p class="MsoNormal" style="text-indent:.25in"><o:p> </o:p></p>
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<p class="MsoNormal" style="text-indent:.25in"><span style="font-family:"Verdana","sans-serif"">Thanks in advance for any thoughts you can share.</span><o:p></o:p></p>
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<p class="MsoNormal" style="text-indent:.25in"><o:p> </o:p></p>
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<p class="MsoNormal" style="text-indent:.25in"><span style="font-family:"Verdana","sans-serif"">Kristina</span><o:p></o:p></p>
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<p class="MsoNormal"><span style="font-family:"Verdana","sans-serif";color:#006F37">Kristina S. DeVore</span><span style="font-family:"Calibri","sans-serif";color:#006F37"> | </span><span style="font-size:9.0pt;font-family:"Verdana","sans-serif";color:#006F37">Attorney
& Counselor at Law</span><span style="font-size:10.5pt;font-family:"Calibri","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-family:"Calibri","sans-serif";color:#006F37">KRISTINA DEVORE LAW FIRM, p</span><span style="font-family:"Verdana","sans-serif";color:#006F37">llc</span><span style="font-family:"Calibri","sans-serif";color:#006F37"> | </span><span style="font-size:9.0pt;font-family:"Verdana","sans-serif";color:#006F37">300
W. 15th Street, Suite 305 </span><span style="font-family:"Calibri","sans-serif";color:#006F37">| </span><span style="font-size:9.0pt;font-family:"Verdana","sans-serif";color:#006F37">Vancouver, WA 98660</span><span style="font-size:10.5pt;font-family:"Calibri","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:9.0pt;font-family:"Verdana","sans-serif";color:#006F37">Phone: (360) 695-0535 </span><span style="font-family:"Calibri","sans-serif";color:#006F37">| </span><span style="font-size:9.0pt;font-family:"Verdana","sans-serif";color:#006F37">Fax:
(360) 737-4154 </span><span style="font-family:"Calibri","sans-serif";color:#006F37">| </span><span style="font-size:9.0pt;font-family:"Verdana","sans-serif";color:#006F37"><a href="mailto:kristina@devore-law.com">kristina@devore-law.com</a></span><span style="font-size:9.0pt;font-family:"Calibri","sans-serif";color:black"><o:p></o:p></span></p>
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