| Passed by the House February 18, 2008 Yeas 95 FRANK CHOPP ________________________________________ Speaker of the House of Representatives Passed by the Senate March 4, 2008 Yeas 46 BRAD OWEN ________________________________________ President of the Senate | I, Barbara Baker, Chief Clerk of the House of Representatives of the State of Washington, do hereby certify that the attached is ENGROSSED SUBSTITUTE HOUSE BILL 3012 as passed by the House of Representatives and the Senate on the dates hereon set forth. BARBARA BAKER ________________________________________ Chief Clerk | |
| Approved March 26, 2008, 9:41 a.m. CHRISTINE GREGOIRE ________________________________________ Governor of the State of Washington | March 26, 2008 Secretary of State State of Washington |
| State of Washington | 60th Legislature | 2008 Regular Session |
READ FIRST TIME 02/05/08.
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 any affiliate, subsidiary, officer, or
employee of a financial institution.
(4) "Person" means any natural person, corporation, partnership,
limited liability company, firm, or association.