PDFWAC 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.
[Statutory Authority: RCW 43.330.430 through 43.330.437. WSR 19-07-034, § 365-220-040, filed 3/13/19, effective 4/13/19. Statutory Authority: RCW 43.330.240. WSR 02-07-026, § 365-220-040, filed 3/12/02, effective 4/12/02.]