My question involves estate proceedings in the state of: Washington
the section reads as follows.
Trust Termination. The trust shall terminate upon the death of the beneficiary or upon the Trustee's determination the Trust purpose cannot be fulfilled because of rules, regulations, ordinances, or statutes affecting the Trust or the use of the Trust income or principal. Upon termination, the beneficiary's benefits under this trust shall cease and the beneficiary shall be deemed not then living for purposes of distribution. The remaining Trust assets shall be distributed in the manner described in Section 12 of Grantors Revocable Living Trust Agreement.
I do not wish to say much about my specific situation so it does not influence any given answer.
Does this section look standard to a special needs trust? If not why?
If the the Trustee did deem that the purpose of trust cannot be fulfilled, then what exactly are they required by law to do? And who, other than the trustee and beneficiary obviously, would have anystanding to challenge the Trustees determination?
Please, no non answers such as well who are you trying to mess with. Or cheat. Blah, blah, blah. What I need are basic laws to consider and procedural specifics. As in what needs to be filed where.
thank you. And if it helps, no one is trying to do anything other than the right thing.
the section reads as follows.
Trust Termination. The trust shall terminate upon the death of the beneficiary or upon the Trustee's determination the Trust purpose cannot be fulfilled because of rules, regulations, ordinances, or statutes affecting the Trust or the use of the Trust income or principal. Upon termination, the beneficiary's benefits under this trust shall cease and the beneficiary shall be deemed not then living for purposes of distribution. The remaining Trust assets shall be distributed in the manner described in Section 12 of Grantors Revocable Living Trust Agreement.
I do not wish to say much about my specific situation so it does not influence any given answer.
Does this section look standard to a special needs trust? If not why?
If the the Trustee did deem that the purpose of trust cannot be fulfilled, then what exactly are they required by law to do? And who, other than the trustee and beneficiary obviously, would have anystanding to challenge the Trustees determination?
Please, no non answers such as well who are you trying to mess with. Or cheat. Blah, blah, blah. What I need are basic laws to consider and procedural specifics. As in what needs to be filed where.
thank you. And if it helps, no one is trying to do anything other than the right thing.
Trust Administration: When Can a Trustee Legally Terminate a Special Needs Trust
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