Wash. Rev. Code § 11.98B.060

Current through 2024

Section 11.98B.060 - Trust director-Power of direction-Limitations

A trust director is subject to the same rules as a trustee in a like position and under similar circumstances in the exercise or nonexercise of a power of direction or further power under RCW 11.98B.050(2)(a) regarding:

(1) A payback provision in the terms of a trust necessary to comply with the reimbursement requirements of medicaid law in section 1917 of the social security act, 42 U.S.C. Sec. 1396p(d)(4)(A), as amended, as of January 1, 2021; and

(2) A charitable interest in the trust.

RCW 11.98B.060

Added by 2020 c 303,§ 7, eff. 1/1/2021.