2009 Washington Code
Title 11 - Probate and trust law
Chapter 11.104A - Washington principal and income act of 2002.

ARTICLE 1

DEFINITIONS; FIDUCIARY DUTIES AND POWERS; REMEDIES

• 11.104A.001 - Short title.
• 11.104A.005 - Definitions.
• 11.104A.010 - Fiduciary duties -- General principles.
• 11.104A.020 - Fiduciary's power to adjust.
• 11.104A.030 - Judicial control of discretionary powers.
• 11.104A.040 - Power to convert to unitrust.

ARTICLE 2

DECEDENT'S ESTATE OR TERMINATING INCOME INTEREST

• 11.104A.050 - Determination and distribution of net income.
• 11.104A.060 - Distribution to residuary and remainder beneficiaries.

ARTICLE 3

APPORTIONMENT AT BEGINNING AND END

OF INCOME INTEREST

• 11.104A.070 - When right to income begins and ends.
• 11.104A.080 - Apportionment of receipts and disbursements when decedent dies or income interest begins.
• 11.104A.090 - Apportionment when income interest ends.

ARTICLE 4

ALLOCATION OF RECEIPTS DURING

ADMINISTRATION OF TRUST

PART 1: RECEIPTS FROM ENTITIES

• 11.104A.100 - Character of receipts.
• 11.104A.110 - Distribution from trust or estate.
• 11.104A.120 - Business and other activities conducted by trustee.

PART 2: RECEIPTS NOT NORMALLY APPORTIONED

• 11.104A.130 - Principal receipts.
• 11.104A.140 - Rental property.
• 11.104A.150 - Obligation to pay money.
• 11.104A.160 - Insurance policies and similar contracts.

PART 3: RECEIPTS NORMALLY APPORTIONED

• 11.104A.170 - Insubstantial allocations not required.
• 11.104A.180 - Deferred compensation, annuities, and similar payments.
• 11.104A.190 - Liquidating asset.
• 11.104A.200 - Minerals, water, and other natural resources.
• 11.104A.210 - Timber.
• 11.104A.220 - Property not productive of income.
• 11.104A.230 - Derivatives and options.
• 11.104A.240 - Asset-backed securities.

ARTICLE 5

ALLOCATION OF DISBURSEMENTS DURING

ADMINISTRATION OF TRUST

• 11.104A.250 - Disbursements from income.
• 11.104A.260 - Disbursements from principal.
• 11.104A.270 - Transfers from income to principal for depreciation.
• 11.104A.280 - Transfers from income to reimburse principal.
• 11.104A.290 - Income taxes.
• 11.104A.300 - Adjustments between principal and income because of taxes.

ARTICLE 6

MISCELLANEOUS PROVISIONS

• 11.104A.900 - Uniformity of application and construction.
• 11.104A.901 - Application of chapter 11.96A RCW.
• 11.104A.902 - Severability -- 2002 c 345.
• 11.104A.903 - Captions, article and part headings not law -- 2002 c 345.
• 11.104A.904 - Effective date -- 2002 c 345.
• 11.104A.905 - Application of act to existing trusts and estates.
• 11.104A.906 - Transitional matters.
• 11.104A.907 - Construction -- Chapter applicable to state registered domestic partnerships -- 2009 c 521.