11.98B.050  <<  11.98B.060 >>   11.98B.070

Trust directorPower of directionLimitations. (Effective January 1, 2021.)

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.
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