11.11.003 - Purposes. - Washington Statutes

Purposes.

The purposes of this chapter are to:

     (1) Enhance and facilitate the power of testators to control the disposition of assets that pass outside their wills;

     (2) Provide simple procedures for resolution of disputes regarding entitlement to such assets; and

     (3) Protect any financial institution or other third party having possession of or control over such an asset and transferring it to a beneficiary duly designated by the testator, unless that third party has been provided notice of a testamentary disposition as required in this chapter.

[1998 c 292 § 102.]