Fairfax Virginia Testamentary Trust Provisions for the Establishment of a Trust for a Charitable Institution for the Care and Treatment of Disabled Children is a legal provision under the Fairfax County laws that allows individuals to create a trust in their wills for the benefit of disabled children. This provision enables trust funds to be established to support charitable institutions specifically focused on providing care and treatment for disabled children in Fairfax, Virginia. Enabled by the Fairfax County's testamentary trust provision, this type of trust serves as a crucial tool for individuals seeking to leave a lasting impact on the well-being of disabled children in their community. By including this provision in their wills, donors can ensure their assets are utilized for the betterment of disabled children, even after their passing. The testamentary trust provision for a charitable institution caring for disabled children can take various forms, depending on the donor's preferences and specific circumstances. Here are different types of testamentary trusts that can be established: 1. General Testamentary Trust: This type of trust allows the donor to designate a general beneficiary, such as a charitable institution dedicated to the care and treatment of disabled children. The funds in the trust would be utilized according to the institution's mission and objectives. 2. Special Needs Testamentary Trust: Special needs trusts are designed to provide financial support to disabled individuals without jeopardizing their eligibility for government benefits. In the context of Fairfax Virginia's trust provision, a special needs testamentary trust could be established to support disabled children by covering their essential needs, medical expenses, education, or other specialized services. 3. Perpetual Testamentary Trust: A perpetual testamentary trust is created to last indefinitely, with the trust's assets generating ongoing income to sustain a charitable institution focused on the care and treatment of disabled children. In this form, the trust serves as a long-term funding mechanism to ensure the continuous support and improvement of services for disabled children. 4. Testamentary Charitable Remainder Trust: This type of trust allows the donor's assets to be placed in a trust, with income generated by the trust being provided to the disabled children's charitable institution until a specified date or event occurs. Afterward, the remaining trust assets pass to another charitable organization or beneficiary. By establishing a testamentary trust provision for the care and treatment of disabled children, individuals in Fairfax, Virginia can ensure their legacy extends beyond their lifetime. This provision enables the creation of various trust types tailored to the donor's goals, from providing immediate support to disabled children to establishing a perpetual funding source for their ongoing care.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.