Statements (48)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:Trust
|
| gptkbp:associated_with |
Estate planning
Financial planning Disability planning |
| gptkbp:benefits |
Enhances quality of life
Provides financial security Allows for greater independence Allows for professional management Can be tailored to individual needs Preserves eligibility for government benefits Protects assets from creditors |
| gptkbp:commonName |
gptkb:Canada
gptkb:United_Kingdom gptkb:United_States |
| gptkbp:controversy |
Mediation
Arbitration Court intervention |
| gptkbp:createdBy |
Individuals
Guardians Family members |
| gptkbp:criticalReception |
Difficult to set up
Not necessary for all families Only for certain disabilities Only for wealthy families |
| gptkbp:distribution |
Not for basic living expenses
Used for supplemental needs |
| gptkbp:frequency |
Annually
As needed |
| gptkbp:funding |
Gifts
Inheritance Settlements |
| gptkbp:hasDepartment |
Cannot be used for all expenses
Must comply with regulations |
| https://www.w3.org/2000/01/rdf-schema#label |
Special Needs Trust
|
| gptkbp:is_governed_by |
Trustee
|
| gptkbp:isBeneficialFor |
Individuals with disabilities
|
| gptkbp:legal_representation |
Must not exceed certain asset limits
|
| gptkbp:notableFeature |
Varies by jurisdiction
|
| gptkbp:purpose |
Provide financial support for individuals with disabilities
|
| gptkbp:requires |
Legal documentation
Periodic reviews Trustee management |
| gptkbp:social_responsibility |
Generally not taxed as income
|
| gptkbp:studentSupportServices |
Financial advisors
Legal advisors Special needs planners |
| gptkbp:type |
gptkb:Revocable_Trust
gptkb:Irrevocable_Trust |