Section 182-516-0140 - Third-party trusts(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.Wash. Admin. Code § 182-516-0140
Adopted by WSR 18-04-037, Filed 1/30/2018, effective 3/2/2018