Third Party Trusts

“I want to leave my loved one financially secure.”

Third Party Lifetime Advocacy Trusts (Revocable, Irrevocable, and Irrevocable with Insurance).

  • Established by anyone (usually the parents).
  • Funded at any time (usually upon the grantors’ death through a will).
  • Funded with money from anyone other than the beneficiary (their own money cannot be put into a 3rd party trust).
  • Choose remainder beneficiaries (done by grantor).
  • The individual is usually receiving state benefits (SSI, SSDI, Medicaid etc.) and if money is left outright, they will lose their entitlements.

Let’s start taking care of tomorrow, together.

Contact PLAN of Connecticut to learn how
we can help you plan for what’s next.