WAC 182-516-0140

WAC 182-516-0140. Third-party trusts

Last amended: 2018Year: 2026Length: 136 wordsOfficial source
(1) This section governs third-party trust as defined under WAC 182-516-0001 . (2) A trust containing the assets of a beneficiary's spouse may be a self-settled trust based on the date it was established. For specific rules regarding this, see WAC 182-516-0130 . (3) A testamentary trust is a third-party trust created by a will where the trust is in the will and the estate is the grantor. (4) There is no requirement for a state to be named as a remainder beneficiary in third-party trusts. (5) If the beneficiary has the power to acquire the assets from the third-party trust, the trust is an available resource. (6) If the beneficiary has no power to access or control trust assets or distributions, as described under WAC 182-516-0105 (4), a third-party trust is not an available resource.
WAC 182-516-0140: WAC 182-516-0140. Third-party trusts | Justis AI