Supplemental needs trust is a US-specific term for a type of special needs trust (an internationally recognized term). Supplemental needs trusts are compliant...
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A special needs trust, also known in some jurisdictions as a supplemental needs trust, is a specialized trust that allows the disabled beneficiary to...
6 KB (766 words) - 12:06, 27 February 2024
Medicaid. An ABLE account can be used instead of, or together with, a supplemental needs trust, to maintain a beneficiary's eligibility for SSI. Earnings from...
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lifestyle by establishing an adult trust fund in his behalf. Larry is the beneficiary of an Adult Supplemental Needs Trust, which was sponsored by the...
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The Arc New York (section Trust services)
Program. The Arc New York Community Trusts The Community Trusts are pooled trusts which qualify as Supplemental Needs Trusts for people with disabilities as...
7 KB (917 words) - 21:02, 6 March 2023
dollars into a special needs trust for the little extras in life: dinner out, a birthday party, some new clothes, et alia. Such trusts require the expertise...
61 KB (9,271 words) - 15:54, 1 September 2023
A testamentary trust (sometimes referred to as a will trust or trust under will) is a trust which arises upon the death of the testator, and which is specified...
6 KB (852 words) - 22:16, 30 January 2024
A resulting trust is an implied trust that comes into existence by operation of law, where property is transferred to someone who pays nothing for it;...
8 KB (1,097 words) - 00:40, 19 April 2024
A trust is a legal relationship in which the owner of property (or any other transferable right) gives it to another person or entity, who must manage...
78 KB (10,258 words) - 12:46, 14 August 2024
A blind trust is a trust in which the trust beneficiaries have no knowledge of the holdings of the trust, and no right to intervene in their handling....
5 KB (504 words) - 21:13, 5 November 2023
In the trust law of England, Australia, Canada and other common law jurisdictions, a discretionary trust is a trust where the beneficiaries and their entitlements...
9 KB (1,368 words) - 16:30, 30 July 2024
Estate planning (category Wills and trusts)
and needs directs. Guardians are often designated for minor children and beneficiaries with incapacity. Estate planning may involve a will, trusts, beneficiary...
21 KB (2,840 words) - 21:48, 5 April 2024
A charitable trust is an irrevocable trust established for charitable purposes. In some jurisdictions, it is a more specific term than "charitable organization"...
10 KB (1,333 words) - 15:48, 22 December 2023
In trust law, a constructive trust is an equitable remedy imposed by a court to benefit a party that has been wrongfully deprived of its rights due to...
18 KB (2,515 words) - 13:38, 16 March 2024
In trust law, an express trust is a trust created "in express terms, and usually in writing, as distinguished from one inferred by the law from the conduct...
9 KB (1,393 words) - 23:07, 22 August 2023
Supplemental Security Income (SSI) is a means-tested program that provides cash payments to disabled children, disabled adults, and individuals aged 65...
63 KB (7,884 words) - 16:21, 4 July 2024
In trust law, a spendthrift trust is a trust that is created for the benefit of a person (often unable to control his/her spending) that gives an independent...
10 KB (1,629 words) - 21:40, 22 August 2023
In trust law, a bare trust is a trust in which the beneficiary has a right to both income and capital and may call for both to be remitted into their own...
4 KB (532 words) - 00:47, 1 April 2024
relative novelty of a trust itself, before that English term became acceptable. The cestui que is the person for whose benefit (use) the trust is created. Any...
33 KB (5,193 words) - 09:40, 14 June 2024
Letters of Administration (category Wills and trusts)
Reversionary interest Testamentary Honorary Asset-protection Special needs Supplemental needs Governing doctrines Pour-over will Cy-près doctrine Hague Convention...
2 KB (209 words) - 20:37, 8 July 2023
ASEC. Organization of the Trust Services Criteria are aligned to the COSO framework's 17 principles with additional supplemental criteria organized into...
9 KB (1,040 words) - 21:29, 9 April 2024
Trustee (category Wills and trusts)
for anyone in a position of trust and so can refer to any individual who holds property, authority, or a position of trust or responsibility for the benefit...
14 KB (1,816 words) - 01:05, 5 May 2024
Intestacy (category Wills and trusts)
statutory trusts (see below); parents; full-blood brothers and sisters, on the statutory trusts; half-blood brothers and sisters, on the statutory trusts; grandparents;...
13 KB (1,635 words) - 21:17, 4 June 2024
A purpose trust is a type of trust which has no beneficiaries, but instead exists for advancing some non-charitable purpose of some kind. In most jurisdictions...
11 KB (1,573 words) - 07:22, 27 December 2022
In trust law, an asset-protection trust is any form of trust which provides for funds to be held on a discretionary basis. Such trusts are set up in an...
32 KB (4,807 words) - 17:48, 14 September 2023
Testator (category Wills and trusts)
or gift made in a will (see that article for types). Testamentary trust, a trust that is created in a will. A will is also known as a last will and testament...
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Life interest (redirect from Life trust)
interest (or life rent in Scotland) is a form of right, usually under a trust, that lasts only for the lifetime of the person benefiting from that right...
1 KB (212 words) - 20:51, 16 September 2023
Cy-près doctrine (category Wills and trusts)
nullifying the express purpose of the trust. Some of Jackson's family members attempted to dissolve the trust in order to collect its proceeds, but the...
10 KB (1,318 words) - 11:45, 7 July 2024
Holographic will (category Wills and trusts)
personnel: the only formal requirement for a "soldier's will" is that it needs to be in writing, and it remains valid for up to one year after the end...
37 KB (4,525 words) - 00:37, 26 May 2024
2007, 41% of Americans had completed a living will. In response to public needs, state legislatures soon passed laws in support of living wills in virtually...
50 KB (6,101 words) - 09:17, 17 August 2024