What are “Spare Tire” Provisions in a Trust?
Wednesday, 31 January 2018
Well-drafted and comprehensive trusts should contain certain language we often refer to as “spare tire” provisions. For example, you might not have any beneficiaries now who are receiving government benefits based on a disability. Things such as Supplemental Security Income (SSI) or Medicaid. The reality is that we are all one accident away from disability.
- Published in Horn & Johnsen News
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