[WSBAPT] Custodial funds into a Special Needs Trust
Glenn Price
glenn at pricefarrington.com
Wed Dec 9 12:20:53 PST 2015
Listmates:
Parent wishes to transfer funds that are currently in a custodial account to a SNT for special needs child.
Questions: (1) Does this constitute a self-settled trust by the child?
(2) If so, will the child still qualify for benefits, with just a payback provision to the state at child's death?
(3) Will the trust assets be available to any creditor of the beneficiary (excluding DSHS)?
Thank you for your insights.
GDP
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