Who Can Be the Beneficiary of a Supplemental Needs Trust in New York?
Protecting a Loved One With a Disability Through Careful Trust Planning Key Takeaways: In New York, the beneficiary of a supplemental needs trust must generally be a person with a "severe and chronic or persistent disability" as defined in EPTL § 7-1.12(a). The beneficiary doesn’t have to be related to the settlor, so an adult […]