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

At the time of enrollment, the primary donor will designate in the joinder agreement how any remaining private funds, and any earnings attributable to remaining private funds, will be distributed on the death of the beneficiary. The primary donor will indicate the amount of funds to be disbursed and to whom they will be disbursed. In some cases, state and federal law may require certain distributions of remaining funds notwithstanding the disposition plan. When an individual trust account is closed by reason of the death of the beneficiary, the unexpended state matching money and any earnings attributable to the unexpended state matching money revert to the developmental disabilities endowment trust fund.

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

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