[WSBAPT] Special Needs Trustee - Uneconomical Trust?

[Setareh Mahmoodi]

You could see if the beneficiary qualifies for a LOT, it would take out
alot of the guess work for SNT and costs associated with it and/or finding
a trustee to manage a small trust.

http://www.ddlot.org/

On Fri, Jan 29, 2016 at 2:20 PM, Katharine P. Bauer <kpb at bpblegal.com>
wrote:

> Consider Testator's intent before dissolving trust and giving
> outright....using TEDRA
>
> On Fri, Jan 29, 2016 at 1:49 PM, Roger Hawkes <Roger at law-hawks.com> wrote:
>
>> LA Plus does small pooled trusts.  Failing that, you might try a TEDRA
>> dissolving the trust.
>>
>>
>>
>>
>>
>> Roger Hawkes, WSBA # 5173
>>
>> 19909 Ballinger Way NE
>>
>> Shoreline, WA 98155
>>
>> www.hawkeslawfirm.com
>>
>> 206 367 5000
>>
>> Fax is 206 367 4005
>>
>>
>>
>> *From:* Paul Grant [mailto:paulnnepa at gmail.com]
>> *Sent:* Friday, January 29, 2016 1:25 PM
>> *To:* Probate & Trust Listserv
>> *Subject:* [WSBAPT] Special Needs Trustee - Uneconomical Trust?
>>
>>
>>
>> I have a well-intended client that recently passed and she set up a SNT
>> in her will for her son who is an addict and on social benefits.
>> Ultimately, client spent most of her money and now a paltry $18k remains
>> for the trust.  I am thinking that this is too small a sum for a trustee to
>> assume, let alone for it to last a reasonable time to fully set up the
>> trust.
>>
>>
>>
>> First:  any SNT trustees out there that would take on such a sum or,
>>
>> Second: is this an appropriate distribution through RCW 11.98.070(32) for
>> the current trustee (sister who wants out and is only trustee for the
>> initial administration of the set up, gathering, electing new trustee, etc)
>> to fully end the trust and simply give it outright?
>>
>>
>>
>> Your collective thoughts are very appreciated.
>>
>>
>> Paul H. Grant - JD, LL.M
>>
>> Planning with Purpose, Inc
>> Lynnwood, WA 98036
>> 425-939-9948
>> www.planningwithpurposeinc.com
>>
>> Estate Planning. Business Planning. Wealth Succession.
>>
>> _______________________________________________
>> WSBAPT mailing list
>> WSBAPT at lists.wsbarppt.com
>> http://mailman.fsr.com/mailman/listinfo/wsbapt
>>
>
>
>
> --
> Katharine P. Bauer
> Bauer Pitman Lifetime Legal, PLLC
> 1235 Fourth Ave. East, Suite 200
> Olympia, Washington 98501
> tel. 360.754.1976
> fax. 360.943.4427
>
> e-mail: kpb at bpblegal.com
>
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-- 

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*Best regards, *


*Setareh Mahmoodi *

*Attorney at Law *

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