Washington Administrative Code (Last Updated: November 23, 2016) |
Title 365. Commerce, Department of (Community Development) |
Chapter 365-220. Developmental disabilities endowment trust fund. |
Section 365-220-070. What happens if a beneficiary moves out of the state of Washington?
Latest version.
- If the beneficiary moves out of the state of Washington, the governing board may elect, in its discretion, one of three options:AThe balance of the beneficiary's individual trust account will be placed in another existing special needs trust established for the beneficiary. Any costs relating to the transfer will be charged to the beneficiary's individual trust account.-OR-BThe individual trust account will remain open, and the account will be assessed fees at a level that will support all costs of maintaining the account. The beneficiary will no longer be eligible for the state match as of the date the beneficiary ceases to be a resident of Washington.-OR-CThe beneficiary's individual trust account will be terminated and distributed as if the beneficiary had died.The primary representative is required to notify the trust manager if the beneficiary moves out of the state of Washington.[Statutory Authority: RCW 43.330.240. WSR 02-07-026, § 365-220-070, filed 3/12/02, effective 4/12/02.]
RCW 43.330.240. WSR 02-07-026, § 365-220-070, filed 3/12/02, effective 4/12/02.