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• 1. G

     Irrevocable Non-Grantor Trust Question.

     You keep talking about it being a special needs trust. I said it won't be. It will be an irrevocable non-grantor trust where the trustee will have full discretion to distribute all principal and income as he sees fit. There will be 3 beneficiaries, one of which receives SSI. The attorneys...

     • GoodTrustho
     • Post #11
     • Dec 16, 2020
     • Forum: Wills, Trusts and Estate Planning
  2. G

     Irrevocable Non-Grantor Trust Question.

     My question in the original post is still not answered. Are the attorneys I spoke to wrong in telling me that a non-grantor irrevocable trust, provided the trustee has full unrestricted power in regards to distributing both principal and income, WILL NOT disqualify my friend from SSI? The SSI...

     • GoodTrustho
     • Post #8
     • Dec 16, 2020
     • Forum: Wills, Trusts and Estate Planning
  3. G

     Irrevocable Non-Grantor Trust Question.

     I'm fully aware of that, but as I stated in my opening post this has to be a non-grantor irrevocable trust with additional beneficiaries listed, which would not make it possible for it to be a special needs trust. Moreover, as all the 3 lawyers I spoke to said irrevocable non-grantor trust...

     • GoodTrustho
     • Post #3
     • Dec 16, 2020
     • Forum: Wills, Trusts and Estate Planning
  4. G

     Irrevocable Non-Grantor Trust Question.

     I have to form irrevocable non-grantor trust for a friend of mine, who lives in NY. I live in CT. Cannot give him money directly as it will disqualify him from SSI. Will also list his wife and child as beneficiaries. Spoke to 3 lawyers who specialize in trusts and all said that it would not...

     • GoodTrustho
     • Thread
     • Dec 15, 2020
     • Replies: 13
     • Forum: Wills, Trusts and Estate Planning