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

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\u27s government assistance