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Kids With Special Needs and Disabilities
Reply to "Special Needs Trust?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Make sure trust is set up wherever the trustee - not necessarily the beneficiary - lives. Agree you need someone with this specific expertise. [/quote] What is the thinking on why it should be set-up where trustee lives? To add to the discussion (OP here), yes trustee is in MoCo.[/quote] For ease of reporting to the court on distributions that have been made and so forth we were advised to set it up here. Again could very depending on the jurisdictions involved. [/quote] It's usually state law. 20 years ago my DH and I had our wills and estate work done up by a D.C. lawyer. We named a D.C. resident as our executor. WE live in VA. D.C. lawyer didn't know the law. We had to redo the wills and name a virginian as executor. [/quote]
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