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Washington Trust Law Gets an Overhaul

On May 12, 2011, Governor Gregoire signed Substitute House Bill 1051 which enacted sweeping changes to Washington trust law.   These changes will have a significant impact on the administration of trusts, the duties of trustees and the rights of trust beneficiaries.  The new law will apply to all trusts created before, on, or after January 1, 2012.   If you have a revocable trust as your primary estate planning document, the new law does not require you to make any changes.   However, individuals may want to revise their estate planning documents in order to address issues that may arise due to the new provisions regarding notice to beneficiaries of the existence of the trust. Read more