FSP Article 2014 Sept

Planning for Disability with Marital Trusts

The General Power of Appointment Marital Trust, complete with a means of establishing whether a mental disability has occurred, can provide great flexibility in planning for both the near and far future. If one spouse dies when the other spouse is mentally clear and functioning independently, the trust may be maintained or effectively ended by the survivor. On the other hand, if one spouse dies when the survivor needs help with his or her finances, the trust can ensure that help is available to maintain the financial well-being of the survivor even if mental disability has occurred.

FSP Article 2014 Sept (Click here to download PDF)