Hennepin Minnesota Testamentary Trust Provision for the Establishment of a Trust for a Charitable Institution for the Care and Treatment of Disabled Children is a legal provision specifically designed to provide financial support and resources for a charitable institution dedicated to the care and treatment of disabled children in Hennepin County, Minnesota. This testamentary trust provision ensures that disabled children receive the necessary medical treatment, therapies, education, and support they need to lead fulfilling lives. The Hennepin Minnesota Testamentary Trust Provision for the Establishment of a Trust for a Charitable Institution for the Care and Treatment of Disabled Children can have different types, depending on the specific requirements and preferences of the granter. Some variations may include: 1. Irrevocable Charitable Testamentary Trust: This type of trust is established in the last will and testament of the granter and cannot be altered or revoked once the granter has passed away. It ensures that the charitable institution receives regular financial support and resources for the care and treatment of disabled children. 2. Revocable Charitable Testamentary Trust: Unlike the irrevocable trust, this type of trust can be altered or revoked during the granter's lifetime. It provides flexibility for the granter to make changes to the trust provisions and adjust the support provided to the charitable institution accordingly. 3. Discretionary Charitable Testamentary Trust: This trust grants the designated trustee discretion in distributing funds and resources to the charitable institution. The trustee assesses the needs of the disabled children and determines the appropriate allocation of resources to ensure their care and treatment. 4. Specific Charitable Testamentary Trust: A specific charitable testamentary trust designates a fixed amount or specific assets to be transferred to the charitable institution upon the death of the granter. This allows for a certain level of certainty and predictability in the funding available for the care and treatment of disabled children. 5. Residuary Charitable Testamentary Trust: A residuary charitable testamentary trust ensures that any remaining assets or funds from the granter's estate, after all other specific bequests and obligations are fulfilled, are transferred to the charitable institution. This provides an opportunity for the granter to support the charitable cause without compromising other beneficiaries or obligations. Overall, the Hennepin Minnesota Testamentary Trust Provision for the Establishment of a Trust for a Charitable Institution for the Care and Treatment of Disabled Children allows individuals to make a lasting impact on the lives of disabled children by providing ongoing financial support and resources to a charitable institution dedicated to their care and treatment.
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.