X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ESTATE OF ERIC LEE CHAN, Ward (13/1530/A) — In this uncontested proceeding, the property guardians of Eric Lee Chan, a developmentally disabled person, ask the court to authorize the creation of a supplemental needs trust (SNT) for the benefit of their ward. The SNT will be funded with the ward’s assets, currently held by the guardians in three custodial accounts.

The court reviews a proposed firstparty SNT to determine whether its provisions comply with the relevant statutory requirements and case law and whether the interests of the beneficiary are protected (EPTL 7-1.12[a][5]; SSL 366 [2][b][2][iii] [A]; 42 USC 1396p[d][4][A]; SCPA 207; see, Matter of Mental Hygiene Legal Serv. v. Bishop, 298 AD2d 644, 646; Matter of Goldblatt, 162 Misc 2d 888, 890; Matter of Danielle Marie Chase, NYLJ, Dec. 8, 2004, at 27, col 2). The trust properly provides that upon Eric’s death the state will receive the trust remainder up to an amount equal to the total assistance provided to Eric during his lifetime.

 
Reprints & Licensing
Mentioned in a Law.com story?

License our industry-leading legal content to extend your thought leadership and build your brand.

More From ALM

With this subscription you will receive unlimited access to high quality, online, on-demand premium content from well-respected faculty in the legal industry. This is perfect for attorneys licensed in multiple jurisdictions or for attorneys that have fulfilled their CLE requirement but need to access resourceful information for their practice areas.
View Now
Our Team Account subscription service is for legal teams of four or more attorneys. Each attorney is granted unlimited access to high quality, on-demand premium content from well-respected faculty in the legal industry along with administrative access to easily manage CLE for the entire team.
View Now
Gain access to some of the most knowledgeable and experienced attorneys with our 2 bundle options! Our Compliance bundles are curated by CLE Counselors and include current legal topics and challenges within the industry. Our second option allows you to build your bundle and strategically select the content that pertains to your needs. Both options are priced the same.
View Now
November 27, 2024
London

Celebrating achievement, excellence, and innovation in the legal profession in the UK.


Learn More
December 02, 2024 - December 03, 2024
Scottsdale, AZ

Join the industry's top owners, investors, developers, brokers and financiers for the real estate healthcare event of the year!


Learn More
December 11, 2024
Las Vegas, NV

This event shines a spotlight on how individuals and firms are changing the investment advisory industry where it matters most.


Learn More

Description: Fox Rothschild has an opening in the New York office for a Real Estate Litigation Associate with three to six years of commerci...


Apply Now ›

Downtown NY property and casualty defense law firm seeks a Litigation Associate with 3+ years' experience to become a part of our team! You ...


Apply Now ›

Description: Fox Rothschild has an opening in the New York office for a Counsel in our renowned Labor & Employment Department, working w...


Apply Now ›