{"data":{"id":"us-wa/rcw-11.104b.160","jurisdiction":"us-wa","citation":"RCW 11.104B.160","heading":"Unitrusts—Applicable value.","body":"(1) A unitrust policy must provide the method for determining the fair market value of an asset for the purpose of determining the unitrust amount, including:\n(a) The frequency of valuing the asset, which need not require a valuation in every period; and\n(b) The date for valuing the asset in each period in which the asset is valued.\n(2) Except as otherwise provided in RCW 11.104B.180(2)(b), a unitrust policy may provide methods for determining the amount of the net fair market value of the trust to take into account in determining the applicable value, including:\n(a) Obtaining an appraisal of an asset for which fair market value is not readily available;\n(b) Exclusion of specific assets or groups or types of assets;\n(c) Other exceptions or modifications of the treatment of specific assets or groups or types of assets;\n(d) Identification and treatment of cash or property held for distribution;\n(e) Use of:\n(i) An average of fair market values over a stated number of preceding periods; or\n(ii) Another mathematical blend of fair market values over a stated number of preceding periods;\n(f) A limit on how much the applicable value of all assets, groups of assets, or individual assets may increase over:\n(i) The corresponding applicable value for the preceding period; or\n(ii) A mathematical blend of applicable values over a stated number of preceding periods;\n(g) A limit on how much the applicable value of all assets, groups of assets, or individual assets may decrease below:\n(i) The corresponding applicable value for the preceding period; or\n(ii) A mathematical blend of applicable values over a stated number of preceding periods;\n(h) The treatment of accrued income and other features of an asset which affect value; and\n(i) Determining the liabilities of the trust, including treatment of liabilities to conform with the treatment of assets under (a) through (h) of this subsection (2).","path":["Title 11","Chapter 11.104B"],"source_url":"https://app.leg.wa.gov/rcw/default.aspx?cite=11.104B.160","current_through":"July 15, 2026","vintage":"","retrieved_at":"2026-09-06T01:00:25Z","sha256":"7beff55253d6b92e9d53e76558e7301c70e9a49a9629ebd85a218cf40b1c30a2","source_id":"us-wa","stale":false,"prev":"us-wa/rcw-11.104b.150","next":"us-wa/rcw-11.104b.170"},"notice":"GroundRules: Original legal text. Not legal advice."}