Supplemental Needs Trusts (SNTs) provide a supplemental source of funds for people with disabilities. Because of certain legal limitations on these trusts, individuals can remain eligible for government benefits that are based on need, such as Supplemental Security Income (SSI) and Medicaid. SNTs enhance the quality of life of the person with the disability (who [...]
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A Trustee is a fiduciary and is subject to the commonly recognized fiduciary duties of diligence, loyalty, obedience and prudence. All trustees are required to: - Maintain accurate records - Invest the funds as a reasonably prudent investor - File all appropriate tax returns and accountings - Comply with the terms of the trust document itself Duties and Responsibilities [...] A Revocable Living Trust (RLT) is a trust which you create during your lifetime. It is also called an Inter vivos Trust which means ‘during your life’ or Living Trust. The fact that the trust is revocable means that it may be changed or terminated at your wish as long as you continue to be [...] |
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