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 Thearcofnovatrust Com Milladigital Org is a Website Content and 2018-2025

Disbursement Request 2018-2025 Form

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(gentle music) - [Narrator] Families of people with disabilities often use trusts to set aside money for the future. A trust is a special legal arrangement that puts a trusted person, a trustee, in charge of managing money for someone else, a beneficiary. A beneficiary can be anyone who has a hard time handling money themselves. In a special needs trust, the beneficiary is someone with a disability. Here's how the process usually works: In most trusts, a grantor, usually a family member, sets aside money, property, investments, or other assets for the beneficiary. The grantor chooses a trustee to manage the assets for the benefit of the beneficiary. The beneficiary has no direct control over the assets and can't spend them. That's the role of the trustee. The beneficiary's needs and desires are taken into account, but the trustee has the final say over how the money is spent. And that's what makes a special needs trust so valuable. - Somebody tha

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