[WSBAPT] Special Need Trust distribution toward mortgage
Robert R. Cole
cole-gilday at stanwoodlaw.net
Thu Jan 10 14:15:45 PST 2019
Folks, I am going to try this again; not sure it made it. Thanks for
any insight.
Very Truly Yours,
Robert R. Cole
Law Office of Cole & Gilday, P.C.
10101 - 270th St. NW
Stanwood, WA 98292
(360) 629-2900 (Telephone)
(360) 629-0220 (Fax)
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On 1/9/2019 12:27 PM, Robert R. Cole wrote:
>
> Third party special needs trust established by Mom's Will for son.
> Son is disabled. He and his wife are living in C/P home with a large
> mortgage in both names. Son soon to be eligible for Medicaid (COPES),
> so want to keep him eligible. So, can the SNT make the mortgage
> payment? Does it matter if the home is conveyed to Wife? (H would
> still be on mortgage.) Can the SNT pay off the mortgage, in whole or
> in part? I am under the impression that a SNT could provide the
> down payment for a house, or provide a paid for house, but could not
> pay rent for an apartment. I appreciate your insight/expertise. Thanks.
>
> --
>
> Very Truly Yours,
>
> Robert R. Cole
>
> Law Office of Cole & Gilday, P.C.
>
> 10101 - 270th St. NW
>
> Stanwood, WA 98292
>
> (360) 629-2900 (Telephone)
>
> (360) 629-0220 (Fax)
>
> This message contains confidential and privileged information that is
> intended only for the named recipient(s).Unless you are the named
> recipient or authorized agent thereof, you are prohibited from
> reading, copying, distributing or otherwise disseminating such
> information.If you receive this communication in error, please notify
> the sender immediately.
>
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