Third Party Special Needs Trust Form
Scope of agreement this is an irrevocable trust for the sole and exclusive benefit of the beneficiary. The third party special needs trust sometimes referred to as a third party supplemental needs trust is set up and funded by the grantor for the benefit of a person with special needs. Https Www Stetson Edu Law Conferences Homepages Media Snt Thursday Document The Element Of A Trust Mary Radford Pdf Here are the main criteria for safely using a special needs trust form. Third party special needs trust form . Third party testamentary snt strict distribution standard. 2 1 it is grantor s primary concern in drafting this special needs trust that it continue in existence as a supplemental and emergency fund to public assistance for the beneficiary throughout her life. There is a significant difference between third party special needs trusts and self settled special needs trusts. The trust instrument usually provides for discretionary trustee powers to utilize. This means that