Wash. Admin. Code § 365-220-040

Current through Register Vol. 24-23, December 1, 2024

Section 365-220-040 - What happens to an account when the beneficiary dies?

Upon the death of the beneficiary, the beneficiary's account shall be distributed consistent with the master trust, joinder agreement and disposition plan. In some cases, state and federal law may require certain distributions of remaining funds notwithstanding the joinder agreement and the disposition plan. When an individual trust account is closed, the unexpended state matching money and any earnings attributable to the unexpended state matching money revert to the developmental disabilities endowment trust fund.

Wash. Admin. Code § 365-220-040

Amended by WSR 19-07-034, Filed 3/13/2019, effective 4/13/2019

Statutory Authority: RCW 43.330.240. 02-07-026, § 365-220-040, filed 3/12/02, effective 4/12/02.