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Board approves ABLE rule change to permit court-ordered transfers of account ownership
Summary
The Louisiana Tuition Trust Authority amended ABLE program rules to allow transfer of account ownership when a court orders it; the change was approved on the consent agenda and staff noted interest-rate language will be inserted per the treasurer.
The Louisiana Tuition Trust Authority (a body that includes Board of Regents members, the state treasurer and other statewide representatives) approved a consent-agenda rule change to the state's ABLE (Achieving a Better Life Experience) program to permit transfer of ownership of an ABLE account when a court issues an order requiring transfer.
The change clarifies that…
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