“Thought for the Day” #760 – by Stephen R. Elville, J.D., LL.M.

July 13, 2016

Nothing is more frustrating for a trust beneficiary with disabilities than having money tied up in a special needs trust and not being able to access the funds on demand. Of course, there is an important reason for preventing a beneficiary from being able to withdraw trust funds at will — protecting valuable government benefits. But adult trust beneficiaries who are not used to having to ask other people for help can feel hurt or resentful about having to work through a trustee. A clearly-drawn-out trust budget can help the trustee avoid conflict with a beneficiary, as it provides the beneficiary with stability and assurance that the beneficiary’s needs will be met.