(a) Unless prohibited by federal law, on the death of a designated beneficiary, money and assets in an ABLE account may be transferred to:
(1) The estate of the designated beneficiary; or
(2) An ABLE account for another eligible individual specified by the designated beneficiary or the estate of the designated beneficiary.
(b) Unless required by federal law, an agency or instrumentality of the State may not seek payment under § 529A(f) of the Internal Revenue Code from an ABLE account or its proceeds for any amount of medical assistance paid for the designated beneficiary.
Structure Maryland Statutes
Division III - Higher Education
Title 18 - Student Financial Assistance
Subtitle 19C - Maryland Able Program
Section 18-19C-01 - Definitions
Section 18-19C-02 - Program Established
Section 18-19C-03 - Operation of Program
Section 18-19C-04 - Participants; Distributions
Section 18-19C-05 - Program Not State Program; Commingling With Other Accounts
Section 18-19C-06 - Exclusions and Exemptions
Section 18-19C-07 - Attachment and Garnishment Not Permitted