Washington has adopted the Washington Uniform Power of Attorney Act (“The Act”) which becomes effective on January 1, 2017 (ESSB 5635). The Act completely replaces Washington’s current law and has some key differences that need to be considered when a bank accepts a power of attorney. The Act applies to all powers of attorney including… Continue Reading
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Trust Law Modernization in Washington State
Posted in Trust and EstatesIn 2015, two new laws relating to trust administration in Washington State have gone into effect that will make the state a more attractive jurisdiction in which to establish and administer trusts. These new trust laws were the product of the Enterprise Seattle’s Financial Services Cluster Study. The study concluded that this region could become… Continue Reading