Using Third Party SNTs In Estate Planning

Using Third Party SNTs In Estate Planning

Third Party SNTs are those created for the benefit of a person with a disability that makes that person an appropriate beneficiary of a SNT and are funded with assets belonging to someone other than the SNT's beneficiary.  The easiest example of a Third Party SNT is where parents of a child with a disability create, as part of their own estate plan, a SNT for the benefit of their child and provide in their estate planning documents that the child's share of the inheritance is distributed to the SNT rather than to the child directly.

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This  article is excerpted from materials that Stuart Zimring will present at 2010 Special Needs Trusts: The National Conference on Oct. 21-22, 2010, at Don CeSar Beach Resort in St. Pete Beach, Florida. In its 12th year of teaching excellence in the field of special needs trusts, the National Conference will provide an in-depth review and discussion on both basic and advanced levels of the major issues presented in the creation, administration, and monitoring of special needs trusts. Stuart will also be presenting on Trustee Powers, Standards and Duties.

Attachment: Using Third Party SNTs In Estate Planning.pdf