HANDICAPPED PERSONS Community Trusts: Clarify Definition of Successor Trusts; Clarify Distributions to Successor Trusts; Provide for Distributions to Successor Trusts After Death of Life Beneficiary When Donor had Designated Self or Spouse as Life Beneficiary; Provide for Distributions Upon Withdrawal or Revocation of the Donation; Allow for More Frequent Use of Trust Funds to Provide Noncash Benefits; Provide for Use of Funds in Successor Trusts for the Benefit of Indigent Persons Suffering from Impairments; Provide for Distribution of Assets from Trusts or Successor Trusts to the Nonprofit Organization Administering the Trust in Specified Circumstances; Provide that One or More Accounts May be Set Up for a Life Beneficiary; Clarify Power of Co-Trustee with Regard to the Withdrawal; Clarify Applicability of Qualified Immunity for Trustees

Authors

Stephen M. Dickson

Document Type

Peach Sheet

Abstract

The Act makes changes to improve implementation of the 1996 Georgia law allowing donors to make contributions to a community trust for the benefit of any person with a mental or physical disability in order to supplement that person's government assistance.

Recommended Citation

Stephen M. Dickson, HANDICAPPED PERSONS Community Trusts: Clarify Definition of Successor Trusts; Clarify Distributions to Successor Trusts; Provide for Distributions to Successor Trusts After Death of Life Beneficiary When Donor had Designated Self or Spouse as Life Beneficiary; Provide for Distributions Upon Withdrawal or Revocation of the Donation; Allow for More Frequent Use of Trust Funds to Provide Noncash Benefits; Provide for Use of Funds in Successor Trusts for the Benefit of Indigent Persons Suffering from Impairments; Provide for Distribution of Assets from Trusts or Successor Trusts to the Nonprofit Organization Administering the Trust in Specified Circumstances; Provide that One or More Accounts May be Set Up for a Life Beneficiary; Clarify Power of Co-Trustee with Regard to the Withdrawal; Clarify Applicability of Qualified Immunity for Trustees, 14 Ga. St. U. L. Rev. (1997).
Available at: https://readingroom.law.gsu.edu/gsulr/vol14/iss1/33