Washington Code 11.98.008 – Trust creation — Methods
Current as of: 2023 | Check for updates
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A trust may be created by:
Terms Used In Washington Code 11.98.008
- person: may be construed to include the United States, this state, or any state or territory, or any public or private corporation or limited liability company, as well as an individual. See Washington Code 1.16.080
- Trustee: means an original, added, or successor trustee and includes the state, or any agency thereof, when it is acting as the trustee of a trust to which chapter 11. See Washington Code 11.02.005
- Trustee: A person or institution holding and administering property in trust.
- Trustor: means a person, including a testator, who creates, or contributes property to, a trust. See Washington Code 11.02.005
- Trustor: The person who makes or creates a trust. Also known as the grantor or settlor.
(1) Transfer of property to another person as trustee during the trustor‘s lifetime or by will or other disposition taking effect upon the trustor‘s death;
(2) Declaration by the owner of property that the owner holds identifiable property as trustee; or
(3) Exercise of a power of appointment in favor of a trustee.
[ 2011 c 327 § 15.]
NOTES:
Application—Effective date—2011 c 327: See notes following RCW 11.103.020.