What is the name of your state (only U.S. law)? CA
A trustor creates a trust that directs for a special needs trust for one of the beneficiaries. For years, the trustee has not opened an account to fund the special needs trust. So there is no special needs trust. But there is plenty of money in the main trust.
At what point must a trustee set aside money in an account for the special needs beneficiary? At the end of the administration of the main trust? If so, what determines the ending of the administration of the trust? The special needs beneficiary has been left out in the cold.What is the name of your state (only U.S. law)?
A trustor creates a trust that directs for a special needs trust for one of the beneficiaries. For years, the trustee has not opened an account to fund the special needs trust. So there is no special needs trust. But there is plenty of money in the main trust.
At what point must a trustee set aside money in an account for the special needs beneficiary? At the end of the administration of the main trust? If so, what determines the ending of the administration of the trust? The special needs beneficiary has been left out in the cold.What is the name of your state (only U.S. law)?