BILL REQ. #:  H-3735.1 

     AN ACT Relating to estate distribution documents; and amending RCW 19.295.010.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:

Sec. 1   RCW 19.295.010 and 2007 c 67 s 2 are each amended to read as follows:
     The definitions in this section apply throughout this chapter unless the context clearly requires otherwise.
     (1) "Market" or "marketing" includes every offer, contract, or agreement to prepare or gather information for the preparation of, or to provide, individualized advice about an estate distribution document.
     (2) "Estate distribution document" means any one or more of the following documents, instruments, or writings prepared, or intended to be prepared, for a specific person or as marketing materials for distribution to any person, other than documents, instruments, writings, or marketing materials relating to a payable on death account established under RCW 30.22.040(9) or a transfer on death account established under chapter 21.35 RCW:
     (a) Last will and testament or any writing, however designated, that is intended to have the same legal effect as a last will and testament, and any codicil thereto;
     (b) Revocable and irrevocable inter vivos trusts and any instrument which purports to transfer any of the trustor's current and/or future interest in real or personal property thereto;
     (c) Agreement that fixes the terms and provisions of the sale of a decedent's interest in any real or personal property at or following the date of the decedent's death.
     (3) "Financial institution" means a bank holding company registered under federal law, ((or)) a bank, trust company, mutual savings bank, savings bank, savings and loan association, or credit union organized under state or federal law, or a securities broker-dealer licensed under state law, or any affiliate, subsidiary, officer, or employee of a financial institution.
     (4) "Person" means any natural person, corporation, partnership, limited liability company, firm, or association.