Community Trust I: Third-Party Special Needs Trust

Quick Answer

The Life Navigators Trust I – Community Trust, also known as a Third Party Trust, is a financial planning tool designed to provide long-term security and stability for individuals with disabilities. This trust is funded by parents, grandparents, or other third parties, and can be established for immediate use or set up as an unfunded trust to be funded later through a will, retirement account, life insurance plan, or estate plan. Developed in 1988 by experienced lawyers with personal connections to disability, the Life Navigators Trust I requires families to retain an attorney to draft the necessary legal documents.

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How is the Life Navigators Trust I – Community Trust funded?

The Life Navigators Trust I – Community Trust (Third Party Trust) can be funded for immediate use or unfunded for use in the future. Most often, the Trust I is established as an unfunded trust that will be funded at a later date through a will, retirement account, life insurance plan or estate plan.

This Trust was developed in 1988 by a group of experienced lawyers, many of whom have a loved one with a disability.

Legal Documents: Trust I – Community Trust (Third Party Trust)

Families must retain an attorney to draft the Trust documents and establish a Trust account.

Attorneys may complete our fillable PDF documents here .

“Knowing that Kimberly’s life will continue to be fulfilling is the best gift anyone could give my family.”

- Stephanie, Sister

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Frequently Asked Questions

1 What is the Life Navigators Trust I – Community Trust and how is it funded?

The Trust I – Community Trust, also known as a Third Party Trust, is designed to be funded by parents, grandparents, or other third parties. It can be established for immediate use or set up as an unfunded trust to be funded later through a will, retirement account, life insurance plan, or estate plan.

2 What are the legal requirements for establishing a Trust I – Community Trust?

Families are required to retain an attorney to draft the necessary Trust documents and establish a Trust account. Life Navigators provides fillable PDF documents that attorneys can use to complete this process.

3 How can I get more information or start the process for a Trust I – Community Trust?

You can request a free consultation to discuss the Life Navigators Trust Program and associated fees. Additionally, you can request a hard copy of the Trust Handbook for more detailed information.

4 When was the Trust I – Community Trust developed?

The Trust I – Community Trust was developed in 1988 by a group of experienced lawyers, many of whom have a loved one with a disability. This program aims to provide long-term security and stability for individuals with disabilities.