The trustee of any trust is an
important position.
In special needs trusts the trustee has
sole discretion to decide what the
beneficiary, your disabled loved one,
needs and what can be distributed
under state laws or federal regulations
without disqualifying the beneficiary.
They may spend quite a bit of time at the job in order to do it well.
They also often have the authority to liquidate the trust.
In short, trustee selection is vitally important,
If you are going to be the trustee
make sure you have a back-up trustee so if something
happens to you the right person is in place to take
on this important responsibility.
Also keep in mind if the trust is not administered correctly
your loved one could lose the benefit of government programs.
To read the entire Report on Special Needs Trusts/ Supplemental Needs Trusts click here.
To Find Out More About Special Needs Trusts and Who To Select as Trustee:
Call David M Frees III Chairman Trust, Estates, and Wealth Preservation
610-933-8069 or dfrees@utbf.com
