§ 11.114.010 Definitions.
§ 11.114.020 Scope and jurisdiction.
§ 11.114.030 Nomination of custodian — Designation of custodian by representative or specified person.
§ 11.114.040 Transfer by gift or exercise of power of appointment.
§ 11.114.050 Transfer authorized by will or trust.
§ 11.114.060 Other transfer by fiduciary.
§ 11.114.070 Transfer by obligor.
§ 11.114.080 Receipt for custodial property.
§ 11.114.090 Form and manner of creating custodial property and effecting transfer.
§ 11.114.100 Single custodianship.
§ 11.114.110 Validity and effect of transfer.
§ 11.114.120 Care of custodial property.
§ 11.114.130 Powers of custodian.
§ 11.114.140 Use of custodial property.
§ 11.114.150 Custodian’s expenses, compensation, and bond.
§ 11.114.160 Exemption of third person from liability.
§ 11.114.170 Liability to third persons.
§ 11.114.180 Renunciation, resignation, death, or removal of custodian — Designation of successor custodian.
§ 11.114.190 Accounting by and determination of liability of custodian.
§ 11.114.200 Termination of custodianship — Extension.
§ 11.114.210 Applicability.
§ 11.114.220 Effect on existing custodianships.
§ 11.114.230 Uniformity of application and construction.
§ 11.114.900 Short title.
§ 11.114.902 Savings — 1991 c 193.
§ 11.114.903 Effective date — 1991 c 193.

Terms Used In Washington Code > Chapter 11.114

  • Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Fiduciary: A trustee, executor, or administrator.
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Grantor: The person who establishes a trust and places property into it.
  • Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • 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
  • Personal property: All property that is not real property.
  • Personal representative: includes executor, administrator, special administrator, and guardian or limited guardian and special representative. See Washington Code 11.02.005
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • Testator: A male person who leaves a will at death.
  • Tort: A civil wrong or breach of a duty to another person, as outlined by law. A very common tort is negligent operation of a motor vehicle that results in property damage and personal injury in an automobile accident.
  • 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