Fiduciary Responsibilities under Washington's Power of Attorney Act
Summary of presentation
Effective January 1, 2017, Washington adopted a version of the Uniform Power of Attorney Act (UPOAA) codified as RCW 11.123, which repealed the prior power of attorney statute, RCW 11.94, in its entirety.
Sheila Ridgway, of the Ridgway Law Group, will be presenting on how Washington's Power of Attorney Act ("the Act") differs in key areas from the prior power of attorney statute. The Act applies to all power of attorney, including those executed prior to the effective date January 1, 2017. Some of the key differences include:
- New formalities required to create a power of attorney
- Formal methods to determine incapacity
- New duties and limitations on an agent's authority
- New provisions pertaining to resignation by the agent
- New provisions relating to the termination of the power of attorney, and
- New provisions relating to the obligations of third parties to accept a power of attorney
Sheila Ridgway is an attorney who practices with Ridgway Law Group, P.S. A native of Skagit County, she continues to practice there and in Seattle. Sheila concentrates her practice in the areas of Estate and Trust Litigation, Representation of Fiduciaries and Guardianships.