633C.2 Disposition of medical assistance special needs trusts. Any income or assets added to or received by and any income or principal retained in a medical assistance special needs trust shall be used in accordance with a standard that is nomore restrictive than specified under federal law. All distributions from a medical assistancespecial needs trust shall be for the sole benefit of the beneficiary to enhance the quality of lifeof the beneficiary, and the trustee shall have sole discretion regarding such disbursementsto ensure compliance with beneficiary eligibility requirements. Any funds retained in themedical assistance special needs trust of a beneficiary who is also a designated beneficiaryas defined in section 12I.1 may be transferred to the Iowa ABLE savings plan trust account ofthe designated beneficiary in accordance with this chapter and chapter 12I. Any distinctdisbursement in excess of one thousand dollars shall be subject to review by the districtcourt sitting in probate. The department shall adopt rules pursuant to chapter 17A for theestablishment and disposition of medical assistance special needs trusts in accordance withthis section. trictcourt sitting in probate. The department shall adopt rules pursuant to chapter 17A for theestablishment and disposition of medical assistance special needs trusts in accordance withthis section. 94 Acts, ch 1120, §4C95, §633.70895 Acts, ch 68, §8; 2005 Acts, ch 38, §53, 55CS2005, §633C.22015 Acts, ch 137, §119, 162, 163; 2021 Acts, ch 136, §8Referred to in §249A.3, 633C.4, 633C.5 Sat Dec 23 12:16:57 2023 Iowa Code 2024, Section 633C.2 (18, 0)
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