Section Nine: Special Needs Trust for Remainder Beneficiary - 30 - Section Ten: Minor’s Trust for Remainder Beneficiary - 30 - [Include Trustee Powers and General Administration Provisions] - 33 - THIS AGREEMENT is made the _____ day of ____________, 20__, by Settlor’s Name, hereinafter referred to as the of Beneficiary’s Name Special “Settlor,” Needs Trust, and Trustee’s Name, hereinafter referred to as the “Trustee.” This is for the benefit of Beneficiary’s Name, hereinafter referred to as a “Beneficiary.” person with a disability. This trust shall be known as the Beneficiary’s Name Third Party Special Needs Trust, dated date. The trust shall be effective immediately on execution by the Settlor and the initially named Trustee. The trust corpus shall initially be minimally funded with a gift from Settlor’s Name described in Schedule A, attached hereto and incorporated herein. After its establishment, this trust may be further funded with appropriate property interests by any other person (except the Beneficiary), whether by inter vivos or testamentary transfer. All property interests assigned, conveyed, or delivered to the Trustee must be acceptable to the Trustee and shall be subject to all the terms and conditions set forth in this instrument. It is the primary intent of this Trust to provide a system for handling funds, fiscal management, administration and disbursements for respite care, personal attendant services, advocacy, social development services, rehabilitation, care, education, training, and guidance at the sole and absolute discretion of the Trustee to enhance the quality of life of the Beneficiary. The Trust assets should be used to supplement all other financial
Section Nine: Special Needs Trust for Remainder Beneficiary - 30 - Section Ten: Minor’s Trust for Remainder Beneficiary - 30 - [Include Trustee Powers and General Administration Provisions] - 33 - THIS AGREEMENT is made the _____ day of ____________, 20__, by Settlor’s Name, hereinafter referred to as the “Settlor,” of Beneficiary’s Name Special Needs Trust, and Trustee’s Name, hereinafter referred to as the “Trustee.” This is for the benefit of Beneficiary’s Name, hereinafter referred to as “Beneficiary.” a person with a disability. This trust shall be known as the Beneficiary’s Name Third Party Special Needs Trust, dated date. The trust shall be effective immediately on execution by the Settlor and the initially named Trustee. The trust corpus shall initially be minimally funded with a gift from Settlor’s Name described in Schedule A, attached hereto and incorporated herein. After its establishment, this trust may be further funded with appropriate property interests by any other person (except the Beneficiary), whether by inter vivos or testamentary transfer. All property interests assigned, conveyed, or delivered to the Trustee must be acceptable to the Trustee and shall be subject to all the terms and conditions set forth in this instrument. It is the primary intent of this Trust to provide a system for handling funds, fiscal management, administration and disbursements for respite care, personal attendant services, advocacy, social development services, rehabilitation, care, education, training, and guidance at the sole and absolute discretion of the Trustee to enhance the quality of life of the Beneficiary. The Trust assets should be used to supplement all other financial
Draft+Third+Party+SNT.docx