[WSBAPT] Custodial Account Transferred into SNT

[Glenn Price]

Sorry.  My previous e-mail deleted all my contact information.

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

Glenn D. Price, J.D.
Price & Farrington, PLLC
Attorneys and Counselors at Law
[GlennPrice227_small]   [WC-Member-Logo-Founding]
Parkwood Office Center
2370 130th Avenue N.E., Suite 103
Bellevue, Washington 98005
Phone: 425.451.3583  Fax: 425.522.4818
Email: glenn at pricefarrington.com<mailto:glenn at pricefarrington.com>
Home page:   www.pricefarrington.com<http://www.pricefarrington.com/>
Estate, Tax, Retirement and Asset Protection Planning
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