Washington Principal and Income Act of 2002.

  1. Law
  2. Revised Code of Washington
  3. Probate and Trust Law
  4. Washington Principal and Income Act of 2002.

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Section
11.104A.001

Short title.

Section
11.104A.005

Definitions.

Section
11.104A.010

Fiduciary duties—General principles.

Section
11.104A.020

Fiduciary's power to adjust.

Section
11.104A.030

Judicial control of discretionary powers.

Section
11.104A.040

Power to convert to unitrust.

Section
11.104A.050

Determination and distribution of net income.

Section
11.104A.060

Distribution to residuary and remainder beneficiaries.

Section
11.104A.070

When right to income begins and ends.

Section
11.104A.080

Apportionment of receipts and disbursements when decedent dies or income interest begins.

Section
11.104A.090

Apportionment when income interest ends.

Section
11.104A.100

Character of receipts.

Section
11.104A.110

Distribution from trust or estate.

Section
11.104A.120

Business and other activities conducted by trustee.

Section
11.104A.130

Principal receipts.

Section
11.104A.140

Rental property.

Section
11.104A.150

Obligation to pay money.

Section
11.104A.160

Insurance policies and similar contracts.

Section
11.104A.170

Insubstantial allocations not required.

Section
11.104A.180

Deferred compensation, annuities, and similar payments.

Section
11.104A.190

Liquidating asset.

Section
11.104A.200

Minerals, water, and other natural resources.

Section
11.104A.210

Timber.

Section
11.104A.220

Property not productive of income.

Section
11.104A.230

Derivatives and options.

Section
11.104A.240

Asset-backed securities.

Section
11.104A.250

Disbursements from income.

Section
11.104A.260

Disbursements from principal.

Section
11.104A.270

Transfers from income to principal for depreciation.

Section
11.104A.280

Transfers from income to reimburse principal.

Section
11.104A.290

Income taxes.

Section
11.104A.300

Adjustments between principal and income because of taxes.

Section
11.104A.900

Uniformity of application and construction—RCW 11.68.090 prevails.

Section
11.104A.901

Application of chapter 11.96A RCW.

Section
11.104A.904

Effective date—2002 c 345.

Section
11.104A.905

Application of act to existing trusts and estates.

Section
11.104A.906

Transitional matters.

Section
11.104A.907

Construction—Chapter applicable to state registered domestic partnerships—2009 c 521.