Washington State

Office of the Attorney General

Attorney General

Bob Ferguson

AGO 1962 NO. 133 > May 11 1962

Where a corporation transfers property owned by it in trust for its own use and benefit under the terms of which trust agreement the trust may be terminated by the beneficiary at any time, the transfer by the trustee to the beneficiary on termination of the trust is not subject to the real estate excise tax or the conveyance tax.