PLAN is prepared to assist people of all ages with any type of disability. Some individuals may be profoundly affected by their conditions, others may be nearly independent but in need of some critical support. Our client beneficiaries include people with:
• Developmental disabilities
• Mental illness
• Drug and alcohol addictions
• Traumatic brain injury
• Cerebral Palsy
• Visual impairment
• Parkinson’s disease
In 1993, Connecticut state legislature granted PLAN the authority to act as trustee of special needs trusts. We are carefully monitored by the Connecticut Department of Banking, and our operations are subject to the same review as other trust companies that operate in Connecticut.
No. PLAN has a Trust Committee that makes all the distribution decisions, but we encourage relatives or family friends to be involved in the process. We have sole discretion when it comes to trust distributions.
That is fine. PLAN of CT serves clients all over the country. The trust just needs to be established while the grantor or beneficiary is residing in Connecticut. (This is not necessarily the case with a pooled trust).
Our Third Party Trusts allow the grantor to name the remainder beneficiaries. It could be one person or a combination of charities and people. Your attorney will help you make this decision. PLAN does not require any funds to be left to the organization.
If you have additional questions or concerns that are not addressed here, please contact us at 860-523-4951.