The SNT Trap

Special needs trusts (SNTs) trusts created for the benefit of a disabled beneficiary present exciting opportunities for corporate fiduciaries. They also risk sapping fiduciaries' time and emotional energy. Sometimes, the wisest choice is for a corporate trustee to limit its responsibilities so that it serves only as an investment advisor or custodian. The number of SNTs and interest in them has ballooned

Special needs trusts (SNTs) — trusts created for the benefit of a disabled beneficiary — present exciting opportunities for corporate fiduciaries. They also risk sapping fiduciaries' time and emotional energy. Sometimes, the wisest choice is for a corporate trustee to limit its responsibilities so that it serves only as an investment advisor or custodian.

The number of SNTs and interest in them has ballooned in the last decade. There are two types of these trusts that supplement, rath

All access premium subscription

Your subscription will include 12 months of Trusts & Estates magazine and access to premium content on WealthManagement.com.

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish