What happens if a beneficiary of a Trust I becomes ineligible by moving out of Washington; or by no longer meeting the state definition of developmental disability in RCW 71A.10.020(3)?
If the beneficiary becomes ineligible, the Primary Representative may elect one of the following options, subject to final approval by the Governing Board: 1) The balance of the beneficiarys individual trust account will be placed in another existing special needs trust established for the beneficiary. Any costs related to the transfer will be charged to the beneficiarys individual trust account. 2) The individual trust account will remain open, and the account will be assessed fees at a level that will support all account maintenance costs. The beneficiary will no longer be eligible for state matching funds as of the ineligible date. 3A) If ineligible by moving, the beneficiarys individual trust account will be terminated and distributed as if the beneficiary died. 3B) If ineligible by DD definition, the Trust Manager will direct distributions to or for the benefit of the beneficiary. The Primary Representative is required to notify the Trust Manager if the beneficiary moves out of Wa
Related Questions
- What happens if a beneficiary of a Trust II becomes ineligible to participate in the program by moving out of Washington State; or no longer meets the state definition of developmental disability?
- What happens if a beneficiary of a Trust I becomes ineligible by moving out of Washington; or by no longer meeting the state definition of developmental disability in RCW 71A.10.020(3)?
- What happens to money remaining in a Pooled Trust subaccount after the beneficiary dies?
