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Does a Third Party (Testamentary) Special Needs Trust “pay back” the government after the beneficiary dies?

April 26, 2017Beneficiary government party Testamentary Trust

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Does a Third Party (Testamentary) Special Needs Trust “pay back” the government after the beneficiary dies?

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Trusts established by parents, relatives or friends are NOT required to have a pay-back provision. The Grantor of this type of Special Needs Trust can specify who will receive any remaining assets in the trust in the event the beneficiary passes prior to the full Trust being utilized.