Del. Code tit. 16 § 9607A

Current through 2024 Legislative Session Act Chapter 510
Section 9607A - Treatment of accounts
(a) Accounts established pursuant to this chapter or another state's ABLE program shall not be included in determining asset eligibility of the designated beneficiary for state or local assistance programs.
(b) Unless prohibited by federal law, upon the death of a designated beneficiary, proceeds from an account may be transferred to the estate of a designated beneficiary, or to an account for another eligible individual specified by the designated beneficiary or the estate of the designated beneficiary.
(c) Upon the death of a designated beneficiary, no agency or instrumentality of the State shall seek payment under § 529A9(f) of the Internal Revenue Code from the account or its proceeds for benefits provided to a designated beneficiary.

16 Del. C. § 9607A

Amended by Laws 2017, ch. 107,s 1, eff. 7/28/2017.
Amended by Laws 2015, ch. 295,s 2, eff. 7/1/2016.
Added by Laws 2015, ch. 34,s 1, eff. 6/10/2015.