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<p class="MsoNormal"><span style="font-size:12.0pt">I am thinking of a situation where a trustee may use trust funds to buy a car for a beneficiary, with the kicker being that the car she is purchasing is the trustee’s. I am thinking about a very fair (to the
beneficiary) price. But it’s still self-dealing—the trustee is both the seller and the buyer. My questions are two-fold.
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<p class="MsoNormal"><span style="font-size:12.0pt"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt">First, RCW 11.98.078 (Trustee duty of loyalty) talks about a “beneficiary” consenting to the transaction. My question whether this means just the (under RCW 11.98.002) current, permissible beneficiary consenting
or would it also mean the qualified beneficiary? In other words, is the current beneficiary’s consent enough?
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<p class="MsoNormal"><span style="font-size:12.0pt"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt">Second, is it just a bad idea and the trustee should just buy a car for the beneficiary from a third party, even if the trustee’s car would be a better deal for the beneficiary?
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<p class="MsoNormal"><span style="font-size:12.0pt"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt">Thanks! <o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt">Jacob<o:p></o:p></span></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><span style="font-size:12.0pt">Jacob H. Menashe</span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-size:12.0pt">Hickman Menashe, PS<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt">4211 Alderwood Mall Blvd., Suite 204<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt">Lynnwood, WA 98036<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt">(425) 744-5658 phone (ext. 102)<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt">(425) 744-6078 fax<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt">Satellite Office in Bellevue<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;mso-ligatures:standardcontextual"><a href="www.hickmanmenashe.com"><span style="color:windowtext;mso-ligatures:none">www.hickmanmenashe.com</span></a></span><span style="font-size:12.0pt"><o:p></o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:10.0pt">CONFIDENTIALITY:</span></b><span style="font-size:10.0pt"> The contents of this message and any attachment(s) may contain confidential or privileged information. Any disclosure, copying, distribution, or
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