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11.98A.070 Statutory trust advisor's duty to inform and report—Notice to beneficiary.

WA Rev Code § 11.98A.070 (2019) (N/A)
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RCW 11.98A.070 Statutory trust advisor's duty to inform and report—Notice to beneficiary.

(1) A statutory trust advisor shall:

(a) Keep the trustee and the qualified beneficiaries under chapter 11.98 RCW reasonably informed of the administration of the trust with respect to the specific duties or functions being performed by the statutory trust advisor;

(b) Upon request by the trustee, provide the trustee with requested information regarding the administration of the trust with respect to the specific duties or functions being performed by the statutory trust advisor; and

(c) Except as otherwise provided by the terms of the governing instrument, upon request by a qualified beneficiary, provide the requesting qualified beneficiary promptly, unless unreasonable under the circumstances, with such information as is reasonably necessary to enable the qualified beneficiary to enforce his or her rights under the trust with respect to the specific duties or functions being performed by the statutory trust advisor.

(2) Neither the performance nor the failure to perform of a statutory trust advisor designated by the terms of the trust as provided in this subsection affects the limitation on the liability of the directed trustee provided by RCW 11.98A.100(2).

[ 2015 c 115 § 10.]

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