reglab/housing_qa huggingface dataset:
WA Rev Code § 11.104B.410 (2021)
2021 Revised Code of Washington|Title 11 - Probate and Trust Law|Chapter 11.104B - Uniform Fiduciary Income and Principal Act.|11.104B.410 - Disbursements—Disbursement from principal.

RCW 11.104B.410 Disbursements—Disbursement from principal. (Effective January 1, 2022.)(1) Subject to RCW 11.104B.440, and except as otherwise provided in RCW 11.104B.500(3)(b), a fiduciary shall disburse from principal:(a) The balance of the disbursements described in RCW 11.104B.400 (1) and (3) after application of RCW 11.104B.400(2);(b) The fiduciary's compensation calculated on principal as a fee for acceptance, distribution, or termination;(c) A payment of an expense to prepare for or execute a sale or other disposition of property;(d) A payment on the principal of a trust debt;(e) A payment of an expense of an accounting, judicial or nonjudicial proceeding, or other matter that involves primarily principal, including a proceeding to construe the terms of the trust or protect property;(f) A payment of a premium for insurance, including title insurance, not described in RCW 11.104B.400(4), of which the fiduciary is the owner and beneficiary;(g) A payment of an estate or inheritance tax or other tax imposed because of the death of a decedent, including penalties, apportioned to the trust; and(h) A payment:(i) Related to environmental matters, including:(A) Reclamation;(B) Assessing environmental conditions;(C) Remedying and removing environmental contamination;(D) Monitoring remedial activities and the release of substances;(E) Preventing future releases of substances;(F) Collecting amounts from persons liable or potentially liable for the costs of activities described in (h)(i)(A) through (E) of this subsection (1);(G) Penalties imposed under environmental laws or regulations;(H) Other actions to comply with environmental laws or regulations;(I) Statutory or common law claims by third parties; and(J) Defending claims based on environmental matters; and(ii) For a premium for insurance for matters described in (h)(i) of this subsection (1).(2) If a principal asset is encumbered with an obligation that requires income from the asset to be paid directly to a creditor, the fiduciary shall transfer from principal to income an amount equal to the income paid to the creditor in reduction of the principal balance of the obligation.[ 2021 c 140 § 2502.]
WA Rev Code § 11.104B.420 (2021)
2021 Revised Code of Washington|Title 11 - Probate and Trust Law|Chapter 11.104B - Uniform Fiduciary Income and Principal Act.|11.104B.420 - Disbursements—Transfer from income to principal for depreciation.

RCW 11.104B.420 Disbursements—Transfer from income to principal for depreciation. (Effective January 1, 2022.)(1) In this section, "depreciation" means a reduction in value due to wear, tear, decay, corrosion, or gradual obsolescence of a tangible asset having a useful life of more than one year.(2) A fiduciary may transfer to principal a reasonable amount of the net cash receipts from a principal asset that is subject to depreciation, but may not transfer any amount for depreciation:(a) Of the part of real property used or available for use by a beneficiary as a residence;(b) Of tangible personal property held or made available for the personal use or enjoyment of a beneficiary; or(c) Under this section, to the extent the fiduciary accounts:(i) Under RCW 11.104B.290 for the asset; or(ii) Under RCW 11.104B.220 for the business or other activity in which the asset is used.(3) An amount transferred to principal under this section need not be separately held.[ 2021 c 140 § 2503.]
WA Rev Code § 11.104B.430 (2021)
2021 Revised Code of Washington|Title 11 - Probate and Trust Law|Chapter 11.104B - Uniform Fiduciary Income and Principal Act.|11.104B.430 - Disbursements—Reimbursement of income from principal.

RCW 11.104B.430 Disbursements—Reimbursement of income from principal. (Effective January 1, 2022.)(1) If a fiduciary makes or expects to make an income disbursement described in subsection (2) of this section, the fiduciary may transfer an appropriate amount from principal to income in one or more accounting periods to reimburse income.(2) To the extent the fiduciary has not been and does not expect to be reimbursed by a third party, income disbursements to which subsection (1) of this section applies include:(a) An amount chargeable to principal but paid from income because principal is illiquid;(b) A disbursement made to prepare property for sale, including improvements and commissions; and(c) A disbursement described in RCW 11.104B.410(1).(3) If an asset whose ownership gives rise to an income disbursement becomes subject to a successive interest after an income interest ends, the fiduciary may continue to make transfers under subsection (1) of this section.[ 2021 c 140 § 2504.]
WA Rev Code § 11.104B.440 (2021)
2021 Revised Code of Washington|Title 11 - Probate and Trust Law|Chapter 11.104B - Uniform Fiduciary Income and Principal Act.|11.104B.440 - Disbursements—Reimbursement of principal from income.

RCW 11.104B.440 Disbursements—Reimbursement of principal from income. (Effective January 1, 2022.)(1) If a fiduciary makes or expects to make a principal disbursement described in subsection (2) of this section, the fiduciary may transfer an appropriate amount from income to principal in one or more accounting periods to reimburse principal or provide a reserve for future principal disbursements.(2) To the extent a fiduciary has not been and does not expect to be reimbursed by a third party, principal disbursements to which subsection (1) of this section applies include:(a) An amount chargeable to income but paid from principal because income is not sufficient;(b) The cost of an improvement to principal, whether a change to an existing asset or the construction of a new asset, including a special assessment;(c) A disbursement made to prepare property for rental, including tenant allowances, leasehold improvements, and commissions;(d) A periodic payment on an obligation secured by a principal asset, to the extent the amount transferred from income to principal for depreciation is less than the periodic payment; and(e) A disbursement described in RCW 11.104B.410(1).(3) If an asset whose ownership gives rise to a principal disbursement becomes subject to a successive interest after an income interest ends, the fiduciary may continue to make transfers under subsection (1) of this section.[ 2021 c 140 § 2505.]
WA Rev Code § 11.104B.450 (2021)
2021 Revised Code of Washington|Title 11 - Probate and Trust Law|Chapter 11.104B - Uniform Fiduciary Income and Principal Act.|11.104B.450 - Disbursements—Income taxes.

RCW 11.104B.450 Disbursements—Income taxes. (Effective January 1, 2022.)(1) A tax required to be paid by a fiduciary based on receipts allocated to income must be charged to income.(2) A tax required to be paid by a fiduciary based on receipts allocated to principal must be charged to principal, even if the tax is called an income tax by the taxing authority.(3) A tax required to be paid by a fiduciary on a share of an entity's taxable income must be charged:(a) To income to the extent that receipts from the entity are allocated only to income;(b) To principal to the extent that receipts from the entity are allocated only to principal;(c) Proportionately to income and principal to the extent that receipts from the entity are allocated to both income and principal.(4) Before applying subsections (1) through (3) of this section, the trustee must adjust income or principal receipts by the distributions to a beneficiary for which the trust receives an income tax deduction.[ 2021 c 140 § 2506.]
WA Rev Code § 11.104B.460 (2021)
2021 Revised Code of Washington|Title 11 - Probate and Trust Law|Chapter 11.104B - Uniform Fiduciary Income and Principal Act.|11.104B.460 - Disbursements—Adjustment between income and principal because of taxes.

RCW 11.104B.460 Disbursements—Adjustment between income and principal because of taxes. (Effective January 1, 2022.)(1) A fiduciary may make an adjustment between income and principal to offset the shifting of economic interests or tax benefits between current income beneficiaries and successor beneficiaries which arises from:(a) An election or decision the fiduciary makes regarding a tax matter, other than a decision to claim an income tax deduction to which subsection (2) of this section applies;(b) An income tax or other tax imposed on the fiduciary or a beneficiary as a result of a transaction involving the fiduciary or a distribution by the fiduciary; or(c) Ownership by the fiduciary of an interest in an entity a part of whose taxable income, whether or not distributed, is includable in the taxable income of the fiduciary or a beneficiary.(2) If the amount of an estate tax marital or charitable deduction is reduced because a fiduciary deducts an amount paid from principal for income tax purposes instead of deducting it for estate tax purposes and, as a result, estate taxes paid from principal are increased and income taxes paid by the fiduciary or a beneficiary are decreased, the fiduciary shall charge each beneficiary that benefits from the decrease in income tax to reimburse the principal from which the increase in estate tax is paid. The total reimbursement must equal the increase in the estate tax, to the extent the principal used to pay the increase would have qualified for a marital or charitable deduction but for the payment. The share of the reimbursement for each fiduciary or beneficiary whose income taxes are reduced must be the same as its share of the total decrease in income tax.(3) A fiduciary that charges a beneficiary under subsection (2) of this section may offset the charge by obtaining payment from the beneficiary, withholding an amount from future distributions to the beneficiary, or adopting another method or combination of methods.[ 2021 c 140 § 2507.]
WA Rev Code § 11.104B.510 (2021)
2021 Revised Code of Washington|Title 11 - Probate and Trust Law|Chapter 11.104B - Uniform Fiduciary Income and Principal Act.|11.104B.510 - Death or termination of interest—Distribution to successor beneficiary.

RCW 11.104B.510 Death or termination of interest—Distribution to successor beneficiary. (Effective January 1, 2022.)(1) Except to the extent Article 3 of this chapter applies for a beneficiary that is a trust, each beneficiary described in RCW 11.104B.500(6) is entitled to receive a share of the net income equal to the beneficiary's fractional interest in undistributed principal assets, using values as of the distribution date. If a fiduciary makes more than one distribution of assets to beneficiaries to which this section applies, each beneficiary, including a beneficiary that does not receive part of the distribution, is entitled, as of each distribution date, to a share of the net income the fiduciary received after the decedent's death, an income interest's other terminating event, or the preceding distribution by the fiduciary.(2) In determining a beneficiary's share of net income under subsection (1) of this section, the following rules apply:(a) The beneficiary is entitled to receive a share of the net income equal to the beneficiary's fractional interest in the undistributed principal assets immediately before the distribution date.(b) The beneficiary's fractional interest under (a) of this subsection must be calculated:(i) On the aggregate value of the assets as of the distribution date without reducing the value by any unpaid principal obligation; and(ii) Without regard to:(A) Property specifically given to a beneficiary under the decedent's will or the terms of the trust; and(B) Property required to pay pecuniary amounts not in trust.(c) The distribution date under (a) of this subsection may be the date as of which the fiduciary calculates the value of the assets if that date is reasonably near the date on which the assets are distributed.(3) To the extent a fiduciary does not distribute under this section all the collected but undistributed net income to each beneficiary as of a distribution date, the fiduciary shall maintain records showing the interest of each beneficiary in the net income.(4) If this section applies to income from an asset, a fiduciary may apply the rules in this section to net gain or loss realized from the disposition of the asset after the decedent's death, an income interest's terminating event, or the preceding distribution by the fiduciary.[ 2021 c 140 § 2602.]
WA Rev Code § 11.104B.550 (2021)
2021 Revised Code of Washington|Title 11 - Probate and Trust Law|Chapter 11.104B - Uniform Fiduciary Income and Principal Act.|11.104B.550 - Death or termination of interest—When right to income begins and ends.

RCW 11.104B.550 Death or termination of interest—When right to income begins and ends. (Effective January 1, 2022.)(1) An income beneficiary is entitled to net income in accordance with the terms of the trust from the date an income interest begins. The income interest begins on the date specified in the terms of the trust or, if no date is specified, on the date an asset becomes subject to:(a) The trust for the current income beneficiary; or(b) A successive interest for a successor beneficiary.(2) An asset becomes subject to a trust under subsection (1)(a) of this section:(a) For an asset that is transferred to the trust during the settlor's life, on the date the asset is transferred;(b) For an asset that becomes subject to the trust because of a decedent's death, on the date of the decedent's death, even if there is an intervening period of administration of the decedent's estate; or(c) For an asset that is transferred to a fiduciary by a third party because of a decedent's death, on the date of the decedent's death.(3) An asset becomes subject to a successive interest under subsection (1)(b) of this section on the day after the preceding income interest ends, as determined under subsection (4) of this section, even if there is an intervening period of administration to wind up the preceding income interest.(4) An income interest ends on the day before an income beneficiary dies or another terminating event occurs or on the last day of a period during which there is no beneficiary to which a fiduciary may or must distribute income.[ 2021 c 140 § 2701.]
WA Rev Code § 11.104B.560 (2021)
2021 Revised Code of Washington|Title 11 - Probate and Trust Law|Chapter 11.104B - Uniform Fiduciary Income and Principal Act.|11.104B.560 - Death or termination of interest—Apportionment of receipts and disbursements when decedent dies or income interest begins.

RCW 11.104B.560 Death or termination of interest—Apportionment of receipts and disbursements when decedent dies or income interest begins. (Effective January 1, 2022.)(1) A fiduciary shall allocate an income receipt or disbursement, other than a receipt to which RCW 11.104B.500(2) applies, to principal if its due date occurs before the date on which:(a) For an estate, the decedent died; or(b) For a trust or successive interest, an income interest begins.(2) If the due date of a periodic income receipt or disbursement occurs on or after the date on which a decedent died or an income interest begins, a fiduciary shall allocate the receipt or disbursement to income.(3) If an income receipt or disbursement is not periodic or has no due date, a fiduciary shall treat the receipt or disbursement under this section as accruing from day to day. The fiduciary shall allocate to principal the portion of the receipt or disbursement accruing before the date on which a decedent died or an income interest begins, and to income the balance.(4) A receipt or disbursement is periodic under subsections (2) and (3) of this section if:(a) The receipt or disbursement must be paid at regular intervals under an obligation to make payments; or(b) The payor customarily makes payments at regular intervals.(5) An item of income or obligation is due under this section on the date the payor is required to make a payment. If a payment date is not stated, there is no due date.(6) Distributions to shareholders or other owners from an entity to which RCW 11.104B.200 applies are due:(a) On the date fixed by or on behalf of the entity for determining the persons entitled to receive the distribution;(b) If no date is fixed, on the date of the decision by or on behalf of the entity to make the distribution; or(c) If no date is fixed and the fiduciary does not know the date of the decision by or on behalf of the entity to make the distribution, on the date the fiduciary learns of the decision.[ 2021 c 140 § 2702.]
WA Rev Code § 11.104B.570 (2021)
2021 Revised Code of Washington|Title 11 - Probate and Trust Law|Chapter 11.104B - Uniform Fiduciary Income and Principal Act.|11.104B.570 - Death or termination of interest—Apportionment when income interest ends.

RCW 11.104B.570 Death or termination of interest—Apportionment when income interest ends. (Effective January 1, 2022.)(1) In this section, "undistributed income" means net income received on or before the date on which an income interest ends. The term does not include an item of income or expense which is due or accrued or net income that has been added or is required to be added to principal under the terms of the trust.(2) Except as otherwise provided in subsection (3) of this section, when a mandatory income interest of a beneficiary ends, the fiduciary shall pay the beneficiary's share of the undistributed income that is not disposed of under the terms of the trust to the beneficiary or, if the beneficiary does not survive the date the interest ends, to the beneficiary's estate.(3) If a beneficiary has an unqualified power to withdraw more than five percent of the value of a trust immediately before an income interest ends:(a) The fiduciary shall allocate to principal the undistributed income from the portion of the trust which may be withdrawn; and(b) Subsection (2) of this section applies only to the balance of the undistributed income.(4) When a fiduciary's obligation to pay a fixed annuity or a fixed fraction of the value of assets ends, the fiduciary shall prorate the final payment as required to preserve an income tax, gift tax, estate tax, or other tax benefit.[ 2021 c 140 § 2703.]
WA Rev Code § 11.104B.900 (2021)
2021 Revised Code of Washington|Title 11 - Probate and Trust Law|Chapter 11.104B - Uniform Fiduciary Income and Principal Act.|11.104B.900 - Uniformity of application and construction.

RCW 11.104B.900 Uniformity of application and construction. (Effective January 1, 2022.)(1) In applying and construing this uniform act, consideration must be given to the need to promote uniformity of the law with respect to its subject matter among states that enact it.(2) To the extent that this chapter is in conflict with RCW 11.68.090, RCW 11.68.090 prevails.[ 2021 c 140 § 2801.]
WA Rev Code § 11.104B.901 (2021)
2021 Revised Code of Washington|Title 11 - Probate and Trust Law|Chapter 11.104B - Uniform Fiduciary Income and Principal Act.|11.104B.901 - Relation to electronic signatures in global and national commerce act.

RCW 11.104B.901 Relation to electronic signatures in global and national commerce act. (Effective January 1, 2022.)This chapter modifies, limits, or supersedes the electronic signatures in global and national commerce act, 15 U.S.C. Sec. 7001 et seq., but does not modify, limit, or supersede section 101(c) of that act (15 U.S.C. Sec. 7001(c)) or authorize electronic delivery of any of the notices described in section 103(b) of that act (15 U.S.C. Sec. 7003(b)).[ 2021 c 140 § 2802.]
WA Rev Code § 11.104B.902 (2021)
2021 Revised Code of Washington|Title 11 - Probate and Trust Law|Chapter 11.104B - Uniform Fiduciary Income and Principal Act.|11.104B.902 - Application.

RCW 11.104B.902 Application. (Effective January 1, 2022.)This chapter applies to a trust or estate existing or created on or after January 1, 2022, except as otherwise expressly provided in the terms of the trust or RCW 11.104B.001 through 11.104B.901.[ 2021 c 140 § 2803.]
WA Rev Code § 11.104B.903 (2021)
2021 Revised Code of Washington|Title 11 - Probate and Trust Law|Chapter 11.104B - Uniform Fiduciary Income and Principal Act.|11.104B.903 - Application of chapter 11.96A RCW.

RCW 11.104B.903 Application of chapter 11.96A RCW. (Effective January 1, 2022.)Nothing in chapter 345, Laws of 2002 is intended to restrict the application of chapter 11.96A RCW to issues, questions, or disputes that arise under or that relate to chapter 345, Laws of 2002. Any and all such issues, questions, or disputes shall be resolved judicially or nonjudicially under chapter 11.96A RCW.[ 2002 c 345 § 603. Formerly RCW 11.104A.901.]
WA Rev Code § 11.104B.904 (2021)
2021 Revised Code of Washington|Title 11 - Probate and Trust Law|Chapter 11.104B - Uniform Fiduciary Income and Principal Act.|11.104B.904 - Construction—Chapter applicable to state registered domestic partnerships—2009 c 521.

RCW 11.104B.904 Construction—Chapter applicable to state registered domestic partnerships—2009 c 521. (Effective January 1, 2022.)For the purposes of this chapter, the terms spouse, marriage, marital, husband, wife, widow, widower, next of kin, and family shall be interpreted as applying equally to state registered domestic partnerships or individuals in state registered domestic partnerships as well as to marital relationships and married persons, and references to dissolution of marriage shall apply equally to state registered domestic partnerships that have been terminated, dissolved, or invalidated, to the extent that such interpretation does not conflict with federal law. Where necessary to implement chapter 521, Laws of 2009, gender-specific terms such as husband and wife used in any statute, rule, or other law shall be construed to be gender neutral, and applicable to individuals in state registered domestic partnerships.[ 2009 c 521 § 40. Formerly RCW 11.104A.907.]
WA Rev Code § 11.104B.905 (2021)
2021 Revised Code of Washington|Title 11 - Probate and Trust Law|Chapter 11.104B - Uniform Fiduciary Income and Principal Act.|11.104B.905 - Effective date—2021 c 140 §§ 2101-2806.

RCW 11.104B.905 Effective date—2021 c 140 §§ 2101-2806.Sections 2101 through 2806 of this act take effect January 1, 2022.[ 2021 c 140 § 2809.]
WA Rev Code § 11.106.010 (2021)
2021 Revised Code of Washington|Title 11 - Probate and Trust Law|Chapter 11.106 - Trustees' Accounting Act.|11.106.010 - Scope of chapter—Exceptions.

RCW 11.106.010 Scope of chapter—Exceptions.This chapter does not apply to resulting trusts, constructive trusts, business trusts where certificates of beneficial interest are issued to the beneficiaries, investment trusts, voting trusts, insurance trusts prior to the death of the insured, trusts in the nature of mortgages or pledges, liquidation trusts or trusts for the sole purpose of paying dividends, interest or interest coupons, salaries, wages or pensions; nor does this chapter apply to personal representatives.[ 2013 c 272 § 25; 1985 c 30 § 95. Prior: 1984 c 149 § 128; 1955 c 33 § 30.30.010; prior: 1951 c 226 § 10. Formerly RCW 30.30.010.]NOTES:Application—2013 c 272: See note following RCW 11.98.002.Short title—Application—Purpose—Severability—1985 c 30: See RCW 11.02.900 through 11.02.903.Severability—Effective dates—1984 c 149: See notes following RCW 11.02.005.