Who Gets Special Needs Trust Balance on Death of the Beneficiary?
A special needs trust, of course, is for the primary benefit of the individual with a disability. But what happens on the death of the beneficiary? The trust might spell out its “remainder” beneficiaries — the ones who receive the balance on the death of the disabled beneficiary. But sometimes the trust just says that […]
Good Beneficiaries Keep Tabs on the Trustee
We hate to say it, but beneficiaries should never blindly trust their trustees. Good beneficiaries pay attention to the process. The trustee-beneficiary relationship works properly only if beneficiaries are engaged and looking out for themselves. Yes, the trustee legally owes duties to the beneficiaries a whole bunch of ways. But it’s the beneficiaries who must […]
