§2.8 - Asset Management and a Significant Nonroutine Transaction

• Jurisdiction: Washington

§2.8 Asset Management And A Significant Nonroutine Transaction

Guidance in the management of real property can be found in RCW 11.100.140. In Allard v. Pacific National Bank, 99 Wn.2d 394, 663 P.2d 104 (1983), the court held that a trustee has a duty to inform the beneficiaries fully of all facts that would aid them in protecting their interests. RCW 11.100.140 provides that absent any compelling circumstances, a trustee must provide written notice of any significant nonroutine transaction to all...