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No. The trust must be reviewed and a successor trustee appointed according to the terms set forth in the trust. If there are no provisions for appointment of a successor trustee mentioned in the trust document then the matter must be brought before a court of equity for appointment of a new trustee. The court that appointed the conservator should handle the trustee issue as well.
No. The trust must be reviewed and a successor trustee appointed according to the terms set forth in the trust. If there are no provisions for appointment of a successor trustee mentioned in the trust document then the matter must be brought before a court of equity for appointment of a new trustee. The court that appointed the conservator should handle the trustee issue as well.
No. The trust must be reviewed and a successor trustee appointed according to the terms set forth in the trust. If there are no provisions for appointment of a successor trustee mentioned in the trust document then the matter must be brought before a court of equity for appointment of a new trustee. The court that appointed the conservator should handle the trustee issue as well.
No. The trust must be reviewed and a successor trustee appointed according to the terms set forth in the trust. If there are no provisions for appointment of a successor trustee mentioned in the trust document then the matter must be brought before a court of equity for appointment of a new trustee. The court that appointed the conservator should handle the trustee issue as well.
Wiki User
∙ 12y ago
Wiki User
∙ 12y agoNo. The trust must be reviewed and a successor trustee appointed according to the terms set forth in the trust. If there are no provisions for appointment of a successor trustee mentioned in the trust document then the matter must be brought before a court of equity for appointment of a new trustee. The court that appointed the conservator should handle the trustee issue as well.
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Is there any way to get out of a special needs trust as beneficiary?
Yes. However, you haven't provided much detail. If you are the beneficiary of a special needs trust you should consult with an attorney before you request any changes (perhaps the attorney who drafted the trust, if possible). Special needs trusts are set up for very important reasons. The following is general information. People with special needs generally receive some type of government assistance. If the person has any assets the assets must be spent on the person's upkeep before the person can be eligible for that government assistance. If you request that the trust be terminated the funds may be paid over to you and you may lose any government assistance until the former trust funds have been depleted. Any assets given to or inherited by a person with special needs are placed in a special needs trust in order to protect those assets from the situation explained above. Consult a professional who can review your situation, the trust and explain your options.
Is there a special significance in making a Special Needs Trust for a Beneficiary who is over 65 years old versus one that is under 65?
I would think that the costs would be lower for someone under 65 rather then someone who is over 65.
Does a conservator have more power that a poa?
The court appointment of a conservator would extinguishany power previously granted under a power of attorney. The conservator would have full authority over the estate of the conservatee or protected person.
What did Britney do to get back on track?
She went to rehab a few times and her father now has conservator ship over her.
Financial Planning for Special Needs Children?
Managing your finances can be tough enough. When you throw kids into the mix it gets a lot more complicated. If one of those kids happens to be a special needs child, everything becomes more complex, including the financial planning involved. All children necessitate financial planning, but the complexities of planning for a special needs child go well beyond the norm. It is best to seek professional help to navigate the laws of your state. Many federal and state programs offer assistance when it comes to raising a special needs child, however you may exempt the child from certain programs if you do not plan correctly. Sometimes friends and grandparents like to help by giving financial gifts to children. In the case of special needs kids, however, this can hurt them. In many states, a special needs child who has over a specific dollar amount of money in her own name could find she is ineligible for aid that she desperately needs. One planning tool that can assist parents of special needs children is the special needs trust. These trusts are set up with an eye to the specific laws of each state and are constructed in such a way that allows money to be held in trust for the care of the child, but it doesn’t make them ineligible for other aid programs. If you have a special needs child I highly recommend you find a local specialist in special needs trusts that can help you navigate this complex area of financial planning. Check with local law offices and trust companies. Find out who deals in this niche. Don’t go with just anyone, either. The wrong choices could leave your child without recourse they would otherwise have. This is not an area you want to handle in a DIY fashion.
What goes in a revocable trust?
Assets such as real estate, bank accounts, investments, and personal belongings can go in a revocable trust. You can also include instructions for how you want your assets to be managed and distributed during your lifetime and after your passing. Additionally, you can name beneficiaries who will receive the assets held in the trust.
Can you take your brother out of a group home if he is a ward of the state without going to court if he is over 18 in the state of Missouri?
No. You should consult with an attorney who specializes in custody and special needs issues. If your brother has special needs the state's authority over him does not end at age eighteen.
Can you get custody of your aunt who has special needs?
Yes you can depending on the circumstances and the situation.Added: You must petition the court to grant you a GUARDIANSHIP over her.
If your home is in a living trust is it protected form creditors and the IRS?
If the trust is properly drafted the property can be removed from your estate entirely. However, the trust must be drafted by an expert in trust law. If the grantor retains any power over the trust property, it will be vulnerable to creditors and taxation. You need to consult with an attorney with a great reputation who is an expert in trust law. She/he can review your situation, your needs and explain your options.
Can one remarry the same person after a divorce where a conservator has been put over x spouse?
Yes you can, consult your lawyer. Laws differ from countries to countries.
What is a good sentence with the word trust in it?
My friend apologized over and over, but she had already lost my trust.
What is the code for Farmville extreme?
There isn't an answer for this, each code is unique when you are dealing with anything that needs a code to access. And trust me I've looked all over the internet for the code.
