[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

-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://mailman.fsr.com/pipermail/wsbapt/attachments/20151209/cca258cf/attachment.html>


More information about the WSBAPT mailing list