Who Should Be The Trustee of a Special Needs Trust?
One of the chief difficulties in the use of any trust is determining who should be the trustee. The duties of a trustee fall into two categories – managerial and distributive. Managerial duties involve holding and investing the assets. The distributive duties involve paying for services and items. If the beneficiary is disabled, the trustee must also understand the various government benefit programs and other available services or hire someone who knows about these things. Distributions when a beneficiary is disabled also require considerable judgment and discretion. The trustee must have the intelligence, temperament and time required to handle the job appropriately.
