A third-party trust is a special needs trust funded exclusively with property that did not belong to the beneficiary before going into the trust.
See: special needs trust
[Last updated in October of 2021 by the Wex Definitions Team]
A third-party trust is a special needs trust funded exclusively with property that did not belong to the beneficiary before going into the trust.
See: special needs trust
[Last updated in October of 2021 by the Wex Definitions Team]