# 11 KAR 12:050: 11 KAR 12:050. Substitution of a beneficiary

> Kentucky · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_KY_KAR_T011_C012_R050

## Section

- **Citation:** 11 KAR 12:050
- **Heading:** 11 KAR 12:050. Substitution of a beneficiary
- **Jurisdiction:** Kentucky
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Kentucky Administrative Regulations / Title 011 (Kentucky Higher Education Assistance Authority) / Chapter 012 / 11 KAR 12:050

## Text

Section 1. Substitution. (1) A participant may substitute a beneficiary at any time subject to KRS 164A.330(4). If a participant desires to substitute the beneficiary, the participant shall submit a written notice to substitute beneficiary to the program administrator by mail or electronically. (2) In order for a substitution of beneficiary to be effective, the substituted beneficiary shall be already designated as a beneficiary on another account or eligible, pursuant to 11 KAR 12:030 and 26 U.S.C. 529(e)(1), on the date that the notice to substitute beneficiary is submitted.

## Nearby sections

- [11 KAR 12:010 11 KAR 12:010. Definitions for 11 KAR Chapter 12](https://www.frixlaw.com/law-library/statutes/STATE_KY_KAR_T011_C012_R010.md)
- [11 KAR 12:020 11 KAR 12:020. General rules for investments and fund transfers](https://www.frixlaw.com/law-library/statutes/STATE_KY_KAR_T011_C012_R020.md)
- [11 KAR 12:030 11 KAR 12:030. Eligibility of beneficiary and participant](https://www.frixlaw.com/law-library/statutes/STATE_KY_KAR_T011_C012_R030.md)
- [11 KAR 12:040 11 KAR 12:040. Residency classification for Kentucky Educational Savings Plan Trust vested participation agreements](https://www.frixlaw.com/law-library/statutes/STATE_KY_KAR_T011_C012_R040.md)
- [11 KAR 12:050 11 KAR 12:050. Substitution of a beneficiary](https://www.frixlaw.com/law-library/statutes/STATE_KY_KAR_T011_C012_R050.md)
- [11 KAR 12:060 11 KAR 12:060. Cancellation, partial withdrawal, and payment of refund](https://www.frixlaw.com/law-library/statutes/STATE_KY_KAR_T011_C012_R060.md)
- [11 KAR 12:070 11 KAR 12:070. Benefits payable from the Kentucky Educational Savings Plan Trust Program fund](https://www.frixlaw.com/law-library/statutes/STATE_KY_KAR_T011_C012_R070.md)
- [11 KAR 12:090 11 KAR 12:090. Transfer of ownership of Kentucky Educational Savings Plan Trust Program fund](https://www.frixlaw.com/law-library/statutes/STATE_KY_KAR_T011_C012_R090.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_KY_KAR_T011_C012_R050. Check the current official text before relying on it. Not legal advice.